{
  "url": "https://blockindex.ai/coin/yfi",
  "name": "Yearn.finance",
  "links": {
    "github": "https://github.com/iearn-finance",
    "website": "https://yearn.fi/",
    "whitepaper": null
  },
  "dScore": 63,
  "market": {
    "priceUsd": 1829.5155433943826,
    "marketCapUsd": 65525831.76476499,
    "volume24hUsd": 3079429.88329307,
    "priceChange7dPct": -2.2568834,
    "priceChange24hPct": -3.81700044
  },
  "source": "BlockIndex.AI",
  "supply": {
    "max": null,
    "circulating": 35815.94701469,
    "circulatingPct": null
  },
  "ticker": "YFI",
  "founder": "Andre Cronje",
  "vcFunded": false,
  "updatedAt": "2026-06-19T06:00:29.113965+00:00",
  "fairLaunch": true,
  "launchYear": 2020,
  "description": "Yearn.finance (YFI) is a decentralized finance (DeFi) protocol that emerged from the DeFi summer of 2020 to provide automated yield optimization across lending, swapping and AMM protocols on Ethereum. Conceived as a suite of yield aggregation products, Yearn’s core offering — vaults — allow users to deposit assets that are then managed by on‑chain strategies which automatically seek the best returns across Curve, Aave, Compound and other liquidity venues. The project grew rapidly following a platform relaunch in February 2020 and the community‑driven launch of the YFI governance token in July 2020, positioning Yearn as a flagship composability layer in the DeFi stack and a focal point for experiments in token‑governed protocol development.\n\nTechnically, Yearn is an application‑layer protocol built on Ethereum; YFI itself is an ERC‑20 governance token whose verified contract and source are published on Etherscan under an MIT license. The protocol combines on‑chain smart contracts (vaults, strategy contracts, timelocks and governance modules) with off‑chain tooling for strategy orchestration and analytics. Its smart contracts expose governance and management functions visible in the verified ABI, while analytics providers and DeFi trackers (CoinMarketCap, CoinGecko, DefiLlama, CryptoCompare) monitor vault performance, TVL, fees and revenue. Yearn’s token model centers governance power with YFI holders, enabling token‑based proposals that can adjust fees, allocate treasury funds or upgrade strategy parameters.\n\nFrom a usage perspective, Yearn’s primary use cases include passive yield generation for users who do not want to actively manage positions, composable liquidity routing for sophisticated strategies, and governance participation via YFI ownership. Yearn vaults have historically aggregated significant capital (TVL surpassed roughly $1B by late Q3 2020) and have been integrated with major DeFi primitives for swapping and lending. The protocol has seen broad ecosystem coverage — wallets such as MetaMask and WalletConnect facilitate interaction with vaults and DEXs like Uniswap, Curve and SushiSwap provide on‑chain liquidity for strategy execution. However, the protocol is not without risk: the complex strategy surface and reliance on oracles and external protocols introduce smart contract and economic vulnerabilities that have led to documented incidents in the project’s history.\n\nTokenomics for YFI emphasize scarcity and community ownership. The contract metadata in the provided sources indicates a capped supply (snapshots in the provided data list a max total supply near 36,666 YFI with circulating supply snapshots around ~35,094 YFI), and launch communications emphasize a fair‑launch model with no premine or developer allocation. Although the contract contains governance‑capable functions, the initial issuance was community oriented. Market data across trackers show large price volatility and multiple historical ATHs recorded by different aggregators. Governance is predominantly on‑chain and token‑based; YFI holders vote on proposals and treasury allocations, and the community plays a central role in stewarding protocol evolution.\n\nDevelopment activity and roadmap information in the supplied materials is limited: the sources confirm a verified contract and public ABI but do not enumerate a formal corporate entity, CEO, or a centralized executive team. Yearn’s governance and treasury are community‑oriented and proposals have historically guided upgrades and strategy changes. Going forward, the protocol’s evolution appears focused on vault strategy improvements, multi‑chain integrations in the broader Yearn ecosystem, and continued monitoring of security and economic risks. The supplied dataset records several security incidents and stresses the need for careful audits and governance oversight as the protocol continues to manage large sums within its vaults and composable strategies.",
  "methodology": "https://blockindex.ai/dscore",
  "classification": {
    "layer": "Layer 2",
    "isToken": true,
    "consensus": "Other",
    "parentChain": "ETH"
  },
  "dScoreComponents": {
    "autonomy": 0,
    "ageHistory": 13,
    "governance": 25,
    "nodeDistribution": 0,
    "initialDistribution": 25
  },
  "decentralizationVerdict": "Decentralized"
}