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Earn YFI With Yearn Finance

What Is Yearn Finance?

Yearn.Finance has become one of the most popular players in the DeFi ecosystem. It is a yield aggregator that provides automated growing strategies for farmers and liquidity providers.

How Can I Get YFI Tokens?

There are 3 ways to earn YFI tokens:

  • The first method involves adding a mixture of about 98%-2% DAI and YFI to the Balancer protocol. In the future, this can be exchanged for BAL (Balancer protocol) tokens instead. Then these BAL markers are deposited in YGov in exchange for YFI.
  • The second method involves depositing a stable coin in annual financing. It is then automatically converted to a similar number of tokens, which can be used to earn YFI tokens.
  • The third method involves depositing a mixture of YFI and yCRV on the Balancer exchange. This is exchanged for BPT (Balancer pool) tokens. Then they are deposited in YGov to acquire YFI tokens.

How To Buy YFI Tokens?

  • If you want to buy YFI tokens on a decentralized exchange without creating an account/KYC, you can use Uniswap or Balancer.
  • If you want to use a centralized exchange, you can use exchanges like Poloniex and CoinEx to buy YFI tokens.

Distinctive Features Of YFI Token

Yearn Finance platform provides the opportunity for crypto holders to participate in Yield Farming by interacting with DeFi-protocols. Farming on a blockchain is similar to the usual planting of seeds in the ground for their multiplication.

Step-By-Step Guide Of Earning YFI Token

Section 1: Earn

  1. So, we’ll start, perhaps, with the most fundamental part — buying ERC-20 tokens. In our case, it will be ETH. In order for us to get ETH on your wallet, you need to open your Guarda Wallet (on any digital device) and go to the Buy tab, where you specify the amount you need in your currency and pay with your VISA or Mastercard.
  2. The next one is to go to website, where you’re going to see this panel.
  • Dashboard: Get a quick glance at how your portfolio is growing while invested in yearn’s products.
  • Vaults: Vaults follow unique strategies that are designed to maximize the yield of the deposited asset and minimize risk.
  • Earn: Earn performs profit switching for lending providers, moving your funds between dydx, Aave, Compound autonomously.
  • Zap: Zaps help you save on gas fees. Zap directly into or out of Curve pools from the base assets.
  • Cover: Get cover for insurance risks with Nexus Mutual from
  • Stats: Get a quick glance at how yearn’s vaults are performing.
  • APY daily/weekly/monthly
  • Deposit amount
  • Amounts currently supplied

Section 2: Vault

Vaults form strategies to operate the most profitable strategies for Yield farming and minimize all kinds of risks. It was built so that the community cooperates and develops new stratagems to extract the most profitable way to invest their money.



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Guarda Team

We write about essential updates and news around Guarda Wallet Ecosystem