Please welcome our latest addition! On Wednesday, November 3rd, yearn.finance joined our list of available cryptocurrencies. The token ranks 106th by market capitalization. On CoinLoan, you can sell, buy, and swap yearn.finance, earn compound interest, as well as use it as collateral for a loan.
What Is Yearn.finance?
Yearn.finance is a set of protocols that enable users to optimize their earnings on trading services. It strives to become a getaway to various products built on Ethereum ecosystem that allow yield farming. Yearn.finance runs entirely on algorithms – it is fully automatic without any human involvement.
The project’s cryptocurrency of the same name (YFI) is a governance token that allows users to vote on changes and improvements proposed by developers.
Using Yearn.finance (YFI) on CoinLoan
- Crypto-backed loans: apply for loans in USDT, USDC, BUSD, TUSD, PAX, EUR, GBP, BTC, and WBTC with YFI collateral
- Interest Account: deposit YFI to earn 1% APY with daily compound interest. Another 3% are added on top with CLT staking
- Crypto Exchange: swap YFI instantly for the set of available cryptocurrencies on our exchange
As a CoinLoaner, you now have access to all the above services! We will continue to improve our platform and add more tokens to our list!
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The information provided by CoinLoan (“we,” “us,” or “our”) in this text is for general informational purposes only. All investment and financial opinions expressed by CoinLoan in this text are from the personal research and open information sources and are intended as educational material. All outlined information is provided in good faith. However, we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability, or completeness of any information in this text.