How To Get Yfi Token

You can earn yfi by providing liquidity to any of the yearn products.

How to get yfi token. Then these bal markers are deposited in ygov in exchange for yfi. This can be further exchanged for the bal balancer protocol tokens in return. Its holders are allowed to vote on decisions that affect yearn. Yfi is essentially the reward for the ypool and to earn yfi one has to provide liquidity to the yearn finance platforms by staking the output tokens in the distribution contract. The first method involves adding a mixture of about 98 2 dai and yfi to the balancer protocol.

This pool is a collection of stable coins that are automatically invested in different lending protocols. There are 3 ways to earn yfi tokens. Yfi is purely and simply a governance token. How to earn the yfi token there are two pools that reward the yfi token for staking. While simple on paper this can potentially be quite complex and lucrative though as evidenced by the decision to receive a pay a cut of the service fees to token holders.

You can buy yearn finance with usd eur krw and 4 more fiat currencies. The first method includes the deposit of a mixture of about 98 2 mix of dai and yfi into the balancer protocol. Once done you will be able to get ytokens. The first and easiest pool to access is the y pool on curve fi. Then these bal markers are deposited in ygov in exchange for yfi.

In the future this can be exchanged for bal balancer protocol tokens instead. Then a new stake unstaked button will appear. There are basically 3 ways of earning the yfi tokens which can be explained briefly as below. Share your referral link and earn 0 05 yfi 5 for each referral. You can buy yfi tokens from defi exchanges like uniswap and balancer but we suggest also checking 1inch for best execution btc geek bitcoin and crypto news opinion and analysis.

You will get your referral link after submit your details submit your details to the airdrop bot. The first method involves adding a mixture of about 98 2 dai and yfi to the balancer protocol. You can also buy yfi on coinswitch kuber that has listed a bunch of defi tokens on their platform including the most trending yfi. How to stake ytokens. Yearn finance can be exchanged with 15 cryptocurrencies.