Yearn.finance is an aggregator platform for DeFi investors. Its goal is to increase investor profit from yield farming and open DeFi investments for a wide range of investors, not only professionals. The platform was launched in February 2020.

The crypto market, blockchain, and DeFi are not simple terms. Not all traders are technically equipped or ready to spend hours on trading. Thus, Yearn.finance tries to make the experience of such investors more attractive.

The yearn.finance platform serves as an aggregator for well-known DeFi protocols such as Aave, Curve, and Compound.

The platform has its own token — YFI. Its supply is capped at 30,000 coins. It was launched in July 2020. Although it is a young token, the largest part of its supply is already in circulation. Moreover, the investor interest in the platform could boost its price to enormous highs compared to other governance tokens.

Platform users can gain tokens when providing liquidity. As YFI is a native token, its holders can govern the network by adding new and unique features.

The US dollar or USD is the domestic currency of the United States. The USD became the official currency in the US on July 6, 1785. The first coins were produced in 1792, but the first banknote was only issued in 1862. The shortage of coins caused the printing of paper money. Nowadays, the US dollar is one of the world's reserve currencies, accepted around the globe.

The best time to trade YFI to USD is the American trading session from 15:00 to 24:00 (GMT+3, indicated in LiteFinance trading platform). We pay close attention to the degree of liquidity of the USD only, as the cryptocurrencies are available for trading 24/7. Thus, there is no other opportunity to define the perfect time for trading the YFI/USD pair.

Risk warning: Trading in FX and CFDs entails high risk of losing capital.

Are you interested in buying Yearn.finance to US dollar (YFIUSD)? It’s easy!

SellBuyActive SellActive Buy
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Sell2639.00000
Buy2642.00000
1-day change244(10.09%)

Earn from the fluctuations of prices and boost your income with LiteFinance!

The rate of YFIUSD currency pair for today is $2642.00000. The highest cost of YFIUSD for today was $2.0000, the lowest rate was $2.0000. The opening price: $N/A. The quotes chart of YFIUSD currency pair in real time is presented below.

Price chart of YFIUSD in real time mode

Available in trading accounts:
  • ECN
  • CLASSIC
Prev. CloseN/A
Day's Range2.0000 - 2.0000
OpeningN/A
52 wk Range2,304-14,684
VolumeN/A
Average VolumeN/A
Spread30.0
Swap Long-25
Contract size1
Swap Short-25
Stop&Limit Level0
AAVUSD92.9092.90-1.2 -1.28%
ADAUSD0.25000.25000.0019 0.76%
ALGUSD0.10850.10850.0054 5.11%
ALIUSD0.1500.1500.03 27.27%
ANTUSD0.93620.9362N/A N/A
APTUSD1.001.000.1 11.11%
ARBUSD0.0011770.0011770.0281 29.64%
ARUSD2.112.110.33 18.97%
ATOUSD1.88201.88200.22 13.25%
AUSD0.00130.00130.0117 14.89%
AVXUSD9.159.150.46 5.28%
AXSUSD1.381.380.29 26.61%
BCHUSD447.40447.40-8.1 -1.78%
BNBUSDN/AN/A-1.27 -0.21%
BTCUSD78,413.078,413.010244.15 15.02%
CHZUSD0.04110.04110.0028 7.27%
COMUSD22.7622.766.5 39.63%
DATUSD0.0007260.000726N/A N/A
DGBUSD0.0038080.003808N/A N/A
DGEUSD0.1089500.1089500.018 19.93%
DOTUSD1.2141.2140 N/A
DSHUSD37.1337.137.5 24.92%
ENJUSD0.0700.0700.035 184.21%
ETHBTC0.0294300.029430-0.00209 -6.62%
ETHUSD2,307.242,307.24166.52 7.77%
FILUSD0.940.940.12 14.81%
GLMUSD0.01730.0173N/A N/A
GRTUSD0.024580.024580.0004 1.64%
HBARUSD0.088370.08837-0.0011 -1.22%
ICPUSD2.352.350.13 5.83%
ILVUSD4.84.8N/A N/A
IMXUSD0.0001230.0001230.0286 20.38%
INJUSD3.8363.8360.92 31.94%
ITAUSD0.055130.05513N/A N/A
JASMYUSD0.005750.005750.00032 5.95%
KAVUSD0.06140.06140.01 19.61%
LNKUSD9.179.170.53 6.13%
LTCBTC0.0007050.000705-9.0E-5 -11.39%
LTCUSD55.3555.351.1 2.03%
MNAUSD0.09100.09100.0065 7.69%
MSKUSD0.5120.5120.095 22.84%
NEAUSD1.29701.29700.136 11.73%
NEOUSD2.77802.7780-0.02 -0.72%
NOTUSD0.0004060.0004065.0E-5 14.29%
NULUSD0.0001210.000121N/A N/A
OMGUSD0.063210.06321N/A N/A
OPUSD0.0004050.0004050.014 12.61%
POLUSD0.09760.09760.006 6.59%
QTMUSD0.8790.879-0.063 -6.69%
REFUSD0.0000760.000076N/A N/A
SIAUSD0.0009330.000933N/A N/A
SKYUSD0.01880.01880.0046 6.02%
SNDUSD0.07290.0729-0.0001 -0.14%
SOLUSD84.71084.7105.39 6.80%
STRUSD0.09690.09690.0055 6.02%
STXUSD0.22760.22760.013 6.07%
SUIUSD0.92730.92730.0362 4.07%
SUSD0.04380.0438-0.0016 -3.52%
TAOUSD276.95276.95-22.2 -7.14%
THTUSDN/AN/A0.053 34.64%
TLMUSD0.00190.0019N/A N/A
TRXUSD0.3325000.3325000.0157 4.97%
UNIUSD3.26503.26500.15 4.81%
VETUSD0.0072520.0072520.00056 8.37%
WAVUSD0.41870.4187N/A N/A
WIFUSD0.19250.19250.006 3.28%
XLMUSD0.160200.16020-0.0044 -2.67%
XMRBTC0.0049080.004908N/A N/A
XMRUSD385.343385.343N/A N/A
XRPUSD1.39281.39280.0392 2.89%
XTZUSD0.36770.36770.0152 4.30%
YFIUSD2,662.002,662.00244 10.09%
YGGUSD0.0440.0440.01 30.30%
ZECBTC0.0049050.0049050.00124 33.42%
ZECUSD374.26374.26133.38 52.60%
ZILUSD0.0040700.0040700.00018 4.65%

Interesting facts about the YFIUSD (Yearn.finance to US dollar)

The first name of the service is iEarn. Unlike with many other native tokens, developers of the yearn.finance platform did not receive any starting funds. Thus, the total supply of the token at the moment of its launch was 0.

Yearn.finance became one the fastest-growing DeFi projects as it attracted around $800 million in assets during the first month of operation. YFI became the first cryptocurrency that cost more than Bitcoin per unit.

Andre Cronje, the founder of the platform, is one of few founders who warned about risks the DeFi bears. Thus, yearn.finance cannot be 100% safe.

According to statistics, Americans throw away coins worth nearly $62 million every year. Still, it doesn't make the US dollar valueless currency. The USD is a legal tender not only in the US but in seven other countries and five US territories.

The rate of the US dollar depends on several factors. They are the monetary policy of the Federal Reserve, economic data, and global market sentiment. The Fed can be either hawkish or dovish. Thus, investors wait for Fed interest rate decisions and meeting minutes, where the central bank announces its monetary policy.

Monetary policy is affected by economic data. The Fed considers GDP growth, the inflation rate (CPI), and jobs data (NFP - the unemployment rate and employment change).

Also, the USD is a refuge currency whose price rises during periods of declining global risk appetite.

However, it is not only the price direction of the USD that defines the trend of the YFI/USD pair. Yearn. finance's strength affects the YFI to USD rate, too.

The yearn.finance token managed to rise in value very fast as investors were interested in its native platform. It means that the network's developments will always boost the YFI price. At the same time, the medium-term trend of the BTC reflects global market sentiment. Thus, to predict the YFI rate, you can consider BTC price movements.

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