yearn.finance price and where to buy YFI

What is yearn.finance?

yearn.finance runs vaults that move deposits between lending and trading protocols to earn yield automatically. YFI is its governance token, launched without a premine and with a very small supply of under 37,000 tokens, which is why one YFI costs thousands of dollars.

How to buy yearn.finance, step by step

1. Pick an exchange. YFI is listed on every exchange we track. Compare fees, funding options and whether it serves your country in our exchange reviews.
2. Create and verify your account. Regulated exchanges ask for identity documents before you can deposit fiat.
3. Fund the account. A bank transfer or a stablecoin deposit usually costs far less than a card payment.
4. Buy YFI. Use the YFI/USDT or YFI/USD market, and check the cheapest venue in the table above first.
5. Decide where to keep it. On the exchange is simplest, but the exchange then holds your coins. YFI is a token on Ethereum, so withdrawing it costs an Ethereum network fee.

Where to buy yearn.finance at the best price

The cheapest venue right now is marked in the table above. Add its trading fee before comparing: on YFI the venues disagree by about 0.21 percent on average, so on a small purchase the fee and the funding method usually matter more.

• The price on that venue. Each row shows the gap to our composite.
• The trading fee. Our fee comparison lists spot fees side by side.
• How you fund the account. A bank transfer or stablecoin deposit is usually far cheaper than a card payment, which often costs several percent.

Why the yearn.finance price differs between exchanges

In our minute-by-minute measurement the gap between the highest and lowest venue averaged about 0.21 percent, against about 0.025 percent for Bitcoin. It went above half a percent in about 36 minutes out of every thousand, and reached about 1.4 percent at its widest.

About two fifths of the YFI spot volume we track trades on a single venue. The spread figure at the top of this page is the live measurement; our guide on why crypto prices differ between exchanges explains the mechanism.

What moves the yearn.finance price

The wider crypto market, and in YFI’s case its own news too. In our hourly composite, YFI moved with Bitcoin at a correlation of about 0.63, where 1 would mean identical moves, and its moves were about one and a half times the size of Bitcoin’s.

YFI-specific drivers come on top: deposits in yearn’s vaults, governance decisions and leverage. In our data it followed Bitcoin more closely than most coins at this size. The funding rates on this page show whether leveraged traders are paying to be long or short right now.

Pros and cons of yearn.finance

Pros

• A very small supply, launched without a premine.
• Its hourly moves were close to Bitcoin’s size in our data.

Cons

• One of the widest price gaps between exchanges we track.
• Its volume is thin on most venues.
• It trades far below its all-time high of about $90,800.

yearn.finance’s highest price

yearn.finance’s all-time high is about $90,800 on volume-weighted data. The chart above shows the last 30 days of our composite, and the YFI to USD converter applies the live price to any amount.