yearn.finance

Yearn Finance is a decentralized finance application built on Ethereum that automates the process of moving capital between lending platforms in search of the highest available yield. It is designed for holders of major stablecoin tokens — such as DAI, USDT, USDC, and TUSD — who want to earn yield without manually monitoring and shifting funds across protocols like Aave, Compound, and dYdX. The protocol also offers vaults, a feature that automates more complex yield-farming strategies on behalf of depositors.

Yearn Finance shifts user-deposited funds programmatically between lending protocols as floating interest rates change, and in return depositors receive yield-bearing tokens such as yDAI that represent their claim on the underlying assets plus accrued yield. The YFI token is a governance token; holders use it to vote on protocol decisions and parameter changes rather than to access any computational resource or pay transaction fees. YFI lives on Ethereum but the protocol also participates in ecosystems including Avalanche, Polygon, Near Protocol, and Gnosis Chain.

The data provided does not include a fee revenue figure for Yearn Finance, so no fee-based measures such as a price-to-fees or revenue yield ratio can be calculated from this page. Yearn's vaults historically charged performance and management fees that were directed to the protocol treasury and distributed in part to YFI stakers, but no such figures are stored here. The circulating supply of 36,075.95 YFI represents 98.39% of the maximum supply of 36,666 tokens, leaving a dilution overhang of just 1.64% of the total supply still to be issued.