![]() ![]() A rebranding and shifting developer control over to nine different people turned the project around. A Brief History on the Price of Yearn Finance All in all, this protocol targets investors who don’t have the time to study the increasingly complex DeFi phenomenon from scratch and those that wish to optimize their returns. The fees charged vary over time and can be changed by consensus among the community. The protocol makes its money by charging withdrawal and gas subsidisation fees. Incredibly, new features continue to be rolled out, and these aim to help preserve the platform’s long-term value. The platform makes use of various tools to act as an aggregator for DeFi protocols such as Compound, Curve, and Aave thereby bringing those that stake crypto the highest possible yield. ![]() What makes Yearn.Finance special is how it simplifies DeFi investment and activities such as yield farming for the broader investor sector. Andre Cronje is the brain behind this protocol. The protocol was previously known as iEarn and has seen tremendous growth over the past few months, thanks to the launch of various products and the release of the YFI token. So the project caters to the investor who lacks the know-how but wishes to interact with yield farming in a less committal manner than serious traders. The protocol aims to simplify the ever-expanding DeFi space for investors who lack the technical understanding needed to interact with various platforms in the space. It serves DeFi investors by automating yield farming for maximum returns. ![]() Launched in February 2020, Yearn.Finance is an aggregator service for decentralised finance markets. ![]()
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