Yearn Finance Price Prediction 2023-2030

Latest Yearn Finance Price

Metric	Last 24 Hours	Trend
Net Social Media Sentiment	0.0%	Lower

Yearn Finance Price Chart

Yearn Finance Price Prediction: Is Yearn Finance a Good Investment?

Yearn Finance is a DeFi aggregator service that automates yield farming for investors to maximize profits. Its aim is to simplify DeFi for non-technical or casual investors. Simply put, Yearn is a collection of decentralized products that assist individuals, DAOs, and other protocols in earning returns on their digital assets.

Key Features

Yearn Finance Simplifies DeFi investment for a broader investor sector.
The platform aggregates various DeFi protocols to provide the highest possible yield for staking cryptocurrency.
New features are regularly added to the platform to help preserve its long-term value.
Yearn Finance earns profit through withdrawal fees and gas subsidization fees.
Its governance model allows for changes to fees by consensus.
The platform targets investors who want to optimize their returns but lack the time to study the complexities of DeFi.
The YFI token can be traded easily, with various pairs available for cryptocurrencies, stablecoins, and fiat currencies.

YFI is the native token of Yearn Finance and it has a maximum supply of 36,666 tokens. Out of its total supply, 32,788 YFI tokens are already in the circulating supply (which is nearly 89% of the total supply). The following are the use cases of YFI tokens:

YFI token holders can participate in the governance of the platform through voting processes.
YFI tokens can be staked to earn passive income.
YFI tokens can be earned by providing liquidity to the platform.

Considering the use cases and primary features of Yearn Finance, it seems to be a moderate case for investment.

Key Yearn Finance Statistics:

Total Value Locked (TVL): $444.88 million. YFI Liquidity: $18.79 million. Treasury: $17.44 million. Yearn Finance faces competition from several other platforms like Beefy ($237.68m), Flamincome ($64.63m), Origin Ether ($58.46m), Idle ($41.49m), Badger DAO ($34.87m), Kava Earn ($58.61m), Jones DAO ($30.54m), Yield Yak Aggregator ($28.29m), ACryptoS ($24.86m), and Origin Dollar ($20.4m), the figures in the brackets representing their respective TVL.
For the top vaults by TVL, the ‘iearn USDT earn’ vault has the highest total USD value at approximately $4.43 quadrillion, with 258 users. 63% of users are gas-locked, 71% are semi-gas-locked, and 80% of users have 1-5 year APY gas costs.
The most popular vault for the past week (T1W) by total deposits and withdrawals is ‘WETH yVault v2’, with a T1W change of -191, 39 deposits, 54 deposited tokens, 66 withdrawals, and 245 withdrawn tokens.
For the most popular vaults over the past month (T1M), ‘WETH yVault v2’ leads with a T1M change of 820, 189 total deposits, 1612 deposited tokens, 177 withdrawals, and 792 withdrawn tokens.
Distribution among vault holders reveals that ‘iearn USDT earn’ has the highest concentration of wealth, with the richest 1% of wallets holding 99.7% of the vault, and the top 10% holding 100%.
The most popular vault pair is ‘yvUSDC/yUSD’ with 463 wallets and a total combined vault balance of 517,512.
For vault combinations (triplets), ‘yUSDT/yUSDC/yDAI’ is the most popular with 241 wallets and a total combined vault balance of approximately 4.32 quadrillion.

Latest Update: The Yearn Finance ecosystem announced the beginning of the Whitelisting Phase for its project, yETH. yETH is a liquidity-staked derivative token (LSD), comprised of five liquidity-staked tokens (LSTs). This composition provides liquidity and depeg resilience, enables risk hedging through uniformity among varying decentralization profiles, allows yield aggregation, and offers a scalable growth platform. In the yETH model, governance is in the hands of st-yETH token holders. They vote to decide the five LSTs that will initially make up the yETH token and also influence the future direction of yETH.

Will Yearn Finance hit $100k?

Yearn Finance Price Prediction Today, Tomorrow and Week

UTC: Oct 4th, 2023 12:35 PM

Yearn Finance Price Prediction in the next 24 hours is between $5093 and $5312
Yearn Finance Price Prediction this week is between $4951 and $5511

UTC: Oct 4th, 2023 01:09 PM

Overall Outlook	Bearish

1. Market's Wisdom	Neutral
1a. Market Data	Partially Bullish
1b. Technical Recommendation	Sell

2. Crowd's Wisdom	Bearish
2a. Social Media Buzz	Lower
2b. Social Media Sentiment	Lower