In the crypto world, Yearn Finance (YFI) is known as one of the most revolutionary and well-known DeFi projects. As one of the highest-priced tokens, YFI has attracted the attention of many investors and crypto enthusiasts since its launch.
However, after reaching an all-time high of $93,435.53 in May 2021, the price of YFI saw a significant drop. This article will discuss what Yearn Finance is, YFI tokens, YFI tokenomics as well as YFI price predictions from 2024 to 2030.
What is Yearn Finance (YFI)?
Yearn.Finance is an aggregator service that helps DeFi investors optimize the yield of their yield farming. The platform aims to make the DeFi space more accessible to non-technical investors or those who prefer less involvement over professional traders.
Launched in 2020 by Andre Cronje, Yearn Finance has experienced significant growth thanks to the introduction of new products and the launch of the YFI token.
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What Is YFI Coin?
YFI is the native token of the Yearn Finance ecosystem. The token is used for a variety of purposes within the Yearn ecosystem, including voting on governance proposals, earning yield from yield farming, and more. YFI is known for its limited supply, which amounts to only 30,000 tokens, making it one of the rarest crypto assets.
Tokenomics YFI
YFI's tokenomics is particularly attractive because of its very limited supply. With only 30,000 tokens available, YFI is extremely rare compared to many other crypto tokens. These tokens are distributed through yield farming, where users can lock their assets in the Yearn Finance protocol and receive YFI as a reward. This model has helped drive significant early adoption and attract the attention of the broader DeFi community.
YFI Price Today
At the time of writing, the price of YFI is trading at the level of Rp116,813,193 per coin. YFI's price performance has increased slightly by 0.36% in the last 24 hours based on data monitoring from Bittime.
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YFI Price Prediction
Here is the YFI price prediction from 2024 to 2030. These predictions are based on market analysis and technical sentiment.
| Year | Minimum Price (USD) | Maximum Price (USD) | Minimum Price (IDR) | Maximum Price (IDR) |
| 2024 | $6,012.65 | $10,441.64 | IDR 96,202,400 | IDR 167,066,240 |
| 2025 | $8,950.01 | $16,557.78 | IDR 143,200,160 | IDR 264,924,480 |
| 2026 | $15,238.27 | $26,255.10 | IDR 243,812,320 | IDR 420,081,600 |
| 2027 | $22,992.85 | $33,099.60 | IDR 367,885,600 | IDR 529,593,600 |
| 2028 | $28,365.56 | $40,833.94 | IDR 453,848,960 | IDR 653,343,040 |
| 2029 | $34,486.72 | $49,645.71 | IDR 551,787,520 | IDR 794,331,360 |
| 2030 | $41,900.56 | $60,318.39 | IDR 670,408,960 |
IDR 965,094,240 |
Conclusion
Yearn Finance (YFI) is one of the most prominent and exciting DeFi projects in the crypto market today. With a very limited token supply and innovative yield farming model, YFI has attracted the attention of many investors. Price predictions point to significant upside potential in the next few years, although crypto market volatility is always a factor to consider.
By understanding more deeply about what Yearn Finance is, how the YFI token works, and its future potential, Bittimers can make better decisions regarding their participation in this DeFi ecosystem.
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How to Buy Yearn Finance (YFI) on Bittime
You can buy and sell Yearn Finance (YFI) in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.
Yearn Finance (YFI) is available on Bittime with market pair YFI/IDR. To be able to buy YFI IDR on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is IDR 10,000. After that, then you can make a crypto asset purchase in the application.
Learn the complete guide on how to buy Yearn Finance (YFI) on Bittime.
Monitor the price chart movements of Yearn Finance (YFI), Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.
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