KAITO is the core currency of Kaito AI’s InfoFi ecosystem, enabling transactions, governance, staking, and community engagement.

The S&P 500 fell 0.43% amid Walmart’s weak outlook, with investors eyeing PMI and home sales data next. Gold rose 0.23% to $2,939 on safe-haven demand but retreated from a $2,954 high. Traders await S&P Global Flash PMIs. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 0.02%, with Bitcoin and Ether rising by 2.46% and 0.69%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today’s top performer is BERA, which surged nearly 15.8% after The Graph integrated Berachain Mainnet on day one, enabling seamless onchain data access.

Berachain (BERA), founded in 2021, is a Layer 1 blockchain with Proof-of-Liquidity consensus, ensuring security and liquidity while maintaining full Ethereum compatibility. The Graph has 

 support for the newly launched Berachain mainnet from day one. Developers can now query Berachain data using Subgraph Studio, making it easier to organize and access onchain data. This integration enables the creation of fast and efficient frontends for Berachain-powered dapps.

Check Out the Latest Prices, Charts, and Data of 

 is the core currency of Kaito AI’s InfoFi ecosystem, enabling transactions, governance, staking, and community engagement. The total supply is allocated as follows: 56.67% to community and ecosystem initiatives (including ecosystem growth, creator incentives, and liquidity rewards), 25% to core contributors, 10% to the foundation, and 8.3% to early backers. Distribution is merit-based, using AI-driven assessments of engagement, governance participation, and long-term alignment with Kaito’s vision. Staking provides rewards and voting rights, ensuring active participation. A claim process for KAITO will be announced soon.

Yesterday, BTC Spot ETFs recorded a net outflow of $252.8M, including $33.5M from GBTC and $219.3M from non-GBTC funds.

. With $43 million in funding, this presents a valuable opportunity. To maximize your points, complete the "Generate at least one transaction on Sahara Testnet" task by sending a small amount of SAHARA via Metamask. This earns 20 points, a significant amount compared to other tasks. Ensure you take full advantage of this opportunity.

Beginner

1.png

KAITO Powers the InfoFi Ecosystem with Governance Staking and Community Rewards

Kaito is an AI-powered information indexer specifically designed to deliver actionable insights for cryptocurrency traders and investors. Find out more now!

Within a year of its launch, Kaito has already established itself as a key player in the web3 industry. Its innovative approach combines artificial intelligence with publicly available crypto conversation data, creating a tool that can present an up-to-date picture of the events affecting the cryptocurrency space at any given time.

 is an AI-powered search engine specifically designed for the cryptocurrency space. It’s a premium service with a monthly subscription of $1,099. The platform indexes thousands of 

 sources that aren’t accessible through traditional search engines, and gathers data from Twitter, Discord, governance forums, research papers, news articles, podcasts and even conference transcripts. 

Kaito uses advanced AI algorithms and natural language processing to better understand context and gauge sentiment about topics. Its use of AI and an internal algorithm allows Kaito to filter out the noise, presenting a more accurate picture of community sentiment. 

. Before moving to web3, Hu worked in the traditional finance space for over eight years, including the management of a $500 million equities portfolio at Citadel. His aim with Kaito is to democratize web3 information by giving users access to tools and insights they need to navigate this ever-changing industry. 

Kaito has quickly attracted significant investment from major 

 in the industry. The project has already raised $10.8 million across two funding rounds.

The seed round in August 2023 was led by Dragonfly Capital, with participation from Sequoia Capital China, Jane Street and others, as Kaito secured $5.3 million. This was followed by a Series A round in June 2023, led by Superscrypt and Spartan, raising an additional $5.5 million with a valuation of $87.5 million. Other notable investors include Mirana Ventures, Folius Ventures and Alpha Lab Capital. 

Kaito offers a range of features designed to provide users with comprehensive and actionable insights. They include the following:

: Kaito’s platform uses a custom-built large language model (LLM) in combination with real-time data gathered from various sources to provide users with actionable insights on developments in the web3 space. 

:As a web3-native company, Kaito can analyze and understand the nuances of 

 and concepts. This gives it an edge when compared to Web 2.0 search engines that struggle to understand this space. 

: Kaito tracks market sentiment at various levels, including general market sentiment, sector-specific sentiment and sentiment toward specific tokens and projects, providing investors and traders with an important metric in assessing a project’s value.

Kaito uses a custom LLM to enhance its data processing capabilities. The platform aggregates data continuously from various sources, including social media, forums and news websites. This data is then processed using Kaito’s natural language processing capability to identify relevant information, extract key insights and analyze market sentiment. 

In addition, its platform uses a reputation system to give weightage to different posts based on the reputation of each poster. It also employs sophisticated algorithms to filter out spam and bots that often try to shape public opinion on social media platforms, especially on X. 

In December 2024, Kaito AI introduced two new elements to its ecosystem: 

 collection. Yaps is a scoring system that measures user contribution and engagement within the web3 community. Users earn 

 by creating valuable content, engaging with others in the crypto space and participating in discussions on 

. Kaito uses four main attributes in allotting these points:

The system also automatically filters out spam posts, making sure only real posters and useful posts can earn Yap points. While Kaito hasn’t officially confirmed a token airdrop associated with Yaps, the program allows participants to accumulate points that might play a role in future rewards, or initiatives within the Kaito AI ecosystem.

Participation in the Yaps program is completely free. Users just need to log in with their Crypto Twitter accounts and Kaito will start tracking their Yaps scores automatically. 

Genesis NFTis a limited-edition collection of 1,500 

 launched by Kaito AI. Priced at 0.1 ETH each, these NFTs have been minted in three phases:

As of Dec 26, 2024, NFTs in the collection are tradable on OpenSea, with a floor price of approximately 3.69 ETH. 

Kaito is a new and innovative service in the web3 space. Its use of AI to cut through the noise and fragmentation presents a great opportunity for the entire ecosystem. Kaito’s 

 suggests that it’s likely to roll out new features and/or services in the future. While the high subscription fee may be an obstacle for large-scale adoption, Kaito is still likely to become an important tool in the hands of institutions and 

 Perpetual Contract with up to 75x leverage now!

Intermediate

what-is-kaito.png

Kaito: AI-Powered Web3 Information Platform

Our weekly crypto derivatives analytics report delves into macro events, the current state of crypto and trading signals from spot trading volume, as well as futures, options and perpetual contracts.

With fewer macroeconomic releases in early 2025, the crypto market has experienced lower volatility and stagnant spot prices. This has led to decreased implied volatility in derivatives, a steepening term structure and stable open interest. 

However, ETH options still anticipate continued price volatility. Historically, such sideways movements have seen altcoins underperform, reflected in disappointing funding rates in the derivatives market.

Please check out the report’s highlights.

Without clear narratives or volatile spot price movements, open interest in perpetual swap contracts has remained flat over the past two weeks, with trade volumes also subdued in this low-volatility environment. Notably, SOL's perpetual positioning hasn’t significantly changed, even with its spot price 35% below its all-time high from late January.

On February 17, ETH’s spot price surged 6%, contrasting with the sideways movement of other crypto assets, but those gains were nearly reversed within 24 hours. This led to higher realized volatility in derivatives, and a flatter term structure as compared to BTC. Traders continue to assign a premium to short-dated ETH options, whose volatility has been higher than that of BTC for some time. Additionally, ETH option trade volumes have spiked, with calls reaching $0.25 billion on Feb 15, 2025.

Since reaching its all-time high in late January 2025, Solana's spot price has declined, leading to muted options markets with low activity in both calls and puts. Open interest is balanced between upside and downside, and is primarily focused on longer-dated positions, reflecting a lack of interest in short-term trades amidst disappointing spot market activity.

Advanced

block-scholes-x-bybit-report.jpeg

Bybit X Block Scholes Crypto Derivatives Analytics Report (Feb 19, 2025): Crypto Remains Silent as ETH Sees Volatility

Across Protocol (ACX) enables seamless, low-cost cross-chain transfers with intent-based transactions, enhancing DeFi accessibility and security.

Transferring crypto assets from one blockchain network to another is still cumbersome, costly and inconvenient for many users, particularly those without a deep technical understanding of the technology. Numerous 

 solutions have emerged to facilitate the process, but the costs and complexity of crypto transfers are still an issue limiting the adoption of cross-chain 

Across Protocol (ACX) is a blockchain project that aims to tackle this problem by offering highly efficient, low-cost and secure cross-chain transactions based on intent technology. 

Intents — transaction requests with prespecified conditions — have seen rapid adoption in the blockchain industry. Across Protocol has focused its service offerings on using this promising technology. Begun in 2021 as a solution to facilitate token transfers between 

 networks linked to the blockchain, the protocol has evolved through two major version upgrades into a modular cross-chain solution that DApp operators can easily integrate into their platforms.

The protocol’s latest iteration, Across V3, features a modular settlement layer that 

 (DeFi) platforms can leverage to offer their users seamless, intent-based cross-chain swaps and asset transfers, all without leaving the user app’s native interface.

 (ACX) is an intent-based, modular web3 solution that offers cross-chain crypto transfers and swaps.

 Using the protocol, DApp operators can integrate Across into their own solutions to let their end users conduct intent-based cross-chain operations.

Across is not a newcomer to the blockchain scene — the project was launched in late 2021 and might be considered one of the first, if not the first, decentralized protocols specializing in intent-based cross-chain transactions. The original protocol, now known as Across V1, was primarily limited to enabling direct asset transfers between Ethereum and Layer 2 chains connected to the world's largest 

In June 2022, the protocol underwent its first significant upgrade with the introduction of Across V2. This upgrade improved the overall efficiency of the platform and introduced new functions. The major difference between V1 and V2 was that the latter could facilitate further intent-based transactions after the transfer of assets from the origin chain to the destination network. In contrast, Across V1 was limited to simple asset bridging between chains.

However, the protocol's most significant upgrade arrived in the form of Across V3, announced in February 2024, which introduced asset swap functionality and architectural modularity, allowing Across to act as a pluggable solution for various DeFi applications. Across V3 also simplified the calculation of fees for cross-chain operations. With Across V3, DApps of various kinds — primarily in the DeFi niche — can easily integrate intent-based cross-chain asset transfers, swaps and liquidity solutions into their own platforms. The protocol provides a set of APIs for developers for such integration.

The best part is that users of these DApps don't need to leave the platforms' native interfaces to execute the cross-chain operations. All of the activities supported by Across Protocol are carried out via the client's DApp interface. This is in stark contrast to the typical cross-chain experience for many web3 users, as they need to use multiple interfaces — e.g., one provided by an asset bridging solution and another at the destination app they use — to carry out their desired crypto operations.

Transactions executed by the protocol are based on user intents. Intents are conditional requests from users to perform some action, e.g., a token swap from ETH to USDT, if specific requirements are met, e.g., the swap rate is no lower than a certain value of ETH. In reality, many intents are executable transactions in the form of 

. Intent-based transactions have recently become popular in the crypto industry, due to benefits such as the limit on swap rates, a no-slippage fee model and other conditions that perfectly fit users' intended outcomes.

User intents are passed to Across's decentralized network or relayers, also known as solvers or fillers, which look for the best on-chain sources to satisfy the requests. Relayers compete with each other to offer the best solution to the user's stated outcome. The relayer that provides the best outcome earns the right to execute the transaction. This competitive relayer landscape allows end users to access the best possible rates for their cross-chain transfers and swaps.

Across Protocol locks user funds allocated for a transaction in an escrow pool instead of immediately transferring them to the winning relayer's custody, providing enhanced security to users. Relayers are responsible for providing the necessary funds to carry out the transaction on their own without having access to the user funds in escrow. When a relayer successfully executes an intent, they’re repaid from the liquidity pool holding the escrowed assets. To optimize 

, repayments to relayers are bundled and transferred in batches.

At the architectural level, Across is a modular system with three main layers — intent, relayer and settlement.

The intent layer is the component that handles user intents and their deposits at the origin chain. Then, the relayer hosts the network of relayer nodes and handles functions related to their activity — provision of capital to execute user intents, competitive bidding and the execution of intents.

The settlement layer is where the finalization of the transaction flow occurs, with relayers repaid in bundles and transactions settled on the destination chain. Verification of transactions uses an optimistic oracle that’s provided by the 

, a protocol specializing in blockchain oracle services.

Across Bridge is a cross-chain token bridge designed for efficient, low-cost and secure asset transfers. It provides an easy-to-use interface for users to move tokens seamlessly between different decentralized networks. To start using the bridge, you’ll need to connect a supported wallet. As of early February 2025, the bridge supports four popular wallet types — 

, Coinbase Wallet, Phantom and the group of wallets compatible with the WalletConnect framework. Currently supported networks for transfers include the Ethereum mainnet, 

 (POL) and zkSync Era. Transfers from the origin chain to the destination chain typically take only a few seconds to confirm.

Across+ is a bridge abstraction solution that utilizes cross-chain hooks to bundle multiple actions into one user transaction. In plain terms, it simply means that you can bridge assets to a protocol or DApp on the destination chain and carry out further actions (such as contributing liquidity) with a single transaction. For end users, this helps abstract the fact that the assets used for a crypto operation have been initially moved in from a different network. The cross-chain hooks let end-users carry out these transactions with a single instruction/signature, although under the hood, multiple actions are performed at the smart contract level.

Across+ boasts an extensive cross-chain reach. It currently supports 17 networks, including Ethereum and a wide range of Ethereum-linked Layer 2 chains.

Earlier, we noted that Across Protocol moved to a modular design with the launch of its V3 in early 2024. This shift to modularity has created opportunities for DApps and external protocols to use the platform’s settlement layer as a pluggable standalone product to provide efficient settlement for intent-based cross-chain transactions. Using Across Settlement, DApps can extend their functionality into intent-based liquidity operations, swaps and transfers. Across Settlement supports the same 17 decentralized networks that can be utilized with Across+.

In November 2022, Across Protocol launched its native token, ACX. The token is primarily used for 

, and holders can vote on various proposals related to the protocol's rules, future direction, treasury spending and native token emission. ACX holders exercise their governance function through membership in the Across DAO.

Holders of the token represent one component of the protocol’s governance model. The other two key parties involved are the Across Council and Committees, made up of specific subject matter experts. While all ACX token holders are entitled to vote on proposals, only those who hold at least 50,000 ACX (around $16,000) can submit proposals considered for voting.

ACX is a supply-capped asset, with a total and maximum supply of 1 billion. The token’s allocation shares are as follows:

 as a Perpetual contract with USDT. Under the terms of the contract, you can trade ACX with up to 50x leverage. The contract is available to traders in Bybit’s derivatives products, such as 

As of Feb 20, 2025, the ACX token is trading at $0.3257, which is 80.7% lower than its ATH of $1.69 on Dec 6, 2024, and 846.3% higher than its ATL of $0.03441 on Jun 1, 2023.

Long-term price forecasts for ACX are mostly bullish.DigitalCoinPrice 

 an average rate of $1.17 in 2027 and $1.78 in 2030, whileCoinCodex 

 the token to trade at around $0.34 in 2027 and rise to $1.12 in 2030.

The inefficient and often costly process of moving assets from one chain to another continues to hamper the adoption of DApps among crypto users. By enabling cross-chain intent-based functionality, Across Protocol seeks to provide DApps and their end users with a truly single-chain experience, where crypto operations across different networks can be handled from the same user interface.

Moreover, some of the protocol's key features — intent-based transaction execution, the competitive nature of the relayers' work and the batching of relayer repayments — contribute to lowering the costs of transfers and other crypto operations. Furthermore, the escrow system that the protocol employs protects users from malicious relayers, contributing to a stronger security profile for its platform. 

Minimal costs and tight security while carrying out your cross-chain crypto operations from a single DApp interface — these features aren't easy to come by all in one solution! 

across protocol crypto (acx).png

Across (ACX): An Intents-Driven Solution for Cross-Chain Transfers

Crypto

DeFi

Yearn.Finance yields the highest returns in yield farming. Here's everything about YFI tokens, protocols, and more.

What-Is-Yearn-Finance

Yearn-Finance-min-1024x576.jpeg

Yearn-Finance-Price-Chart-1024x435.jpeg

This year, cryptocurrencies and blockchain-based projects reach new heights in growth and value. Yearn Finance, more commonly known as YFI or Yearn.Finance, is one of the 

 to show a massive price rally surpassing Bitcoin’s value (for a time) at over $25,000 per token. Still, it remains unheard of despite its phenomenal performance on their projects and vision.

So, if you’re searching for an answer to the question “What is Yearn Finance and how does it work?,” here’s precisely what you need to fully comprehend its concept and the processes it involves.

Yearn.Finance is an open-source, decentralized finance (

. It works as a yield aggregating platform to maximize the user’s investment by automatically moving the user funds between 

 lending protocols, such as Compound, Dydx, 

As of now, Yearn is one of the most popular and most decentralized DeFi projects in the crypto sector. While the YFI is the native cryptocurrency of Yearn.finance. Unlike Bitcoin, YFI is a governance token that boasts of the autonomous protocol.

That means users of the platform have the rights to cast a vote on the protocol’s direction that favor their intention the most. As of now, YFI is one of the largest Ethereum-based tokens prioritizing automated yield farming strategies.

Yearn.Finance is designed to autonomously move users’ funds to more profit-giving providers by locating the protocol offering the best annual percentage return (APR). It is considered a revolutionary breakthrough in the DeFi sector due to the potential yields parallel with stablecoins. 

Think of Yearn.Finance as a decentralized lending platform that lets users deposit ERC-20 

 such as DAI, USDC, USDT, TUSD, or SUSD into the protocol. As a return, stakers receive an equivalent amount of yTokens. So technically, a YFI coin is just like any other ERC-20 token. But instead of lending the deposited stablecoins into any particular protocol, the Yearn Finance platform automatically switches the tokens into a protocol with the highest yield to maximize the user’s profit.

When comparing YFI and other tokens, it possesses better automation and flexibility that has never been achieved before on the blockchain. The best part? The network only charges a small fee deposited into the platform’s pool and is then distributed among YFI token holders as dividends.

Andre Cronje is the founder of the popular DeFi protocol— Yearn. Although this protocol only 

, it has already achieved significant adoption in the crypto sphere. In early September, the platform’s native token, the YFI coin, even reached a peak value of approximately $44,000.

The original goal behind the platform stemmed from Cronje handling money for friends and family. He was looking for a way to put stablecoins to work for a profit. At the time, the most popular protocols were Aave, Fulcrum, Compound, and dYdX. As such, Cronje would manually check these protocols to see which was offering the best annual percentage return (APR). 

To avoid manually moving tokens around and paying 

 that would do the figuring for him. He then wrote the iterations for the yTokens. These yTokens could read the normalized APR output and move to the place, offering the best returns.

Subsequently, it became the basis for Yearn.Finance, which Andre first used himself before opening it up to others. The increase in the number of users had a positive effect on the protocol. That’s because each time a user interacted, the smart contracts checked to see if a rebalance was necessary. A higher frequency of interactions resulted in more shifts between protocols. And more shifts will produce a higher return. 

Currently, Yearn produces better returns in aggregate than any of its downstream sources on its own. The concept is relatively simple – the protocol sends more capital to the place with the highest returns. 

YFI is the native token of the Yearn.Finance platform. It is purely and simply a governance token, allowing holders to vote on decisions that affect Yearn.

YFI is an ERC20-token used for all governance activities on the platform, like voting on a protocol upgrade/change proposal. While there are only 30,000 YFI coins that have been minted and fully distributed to date.

To participate in the protocol, users need first to stake their YFI in a governance contract. They then receive voting rights and a percentage of protocol profits for each of Yearn’s products at regular intervals. To claim rewards, users need to vote, and once they have voted, their YFI tokens will be locked for three days, i.e., they won’t be able to un-stake the asset.

Firstly, TVL represents the dollar value of all the tokens locked up in a smart contract in a decentralized lending project. When analyzing the YFI’s TVL, most of the 

 (29,968 coins) has entered circulation. Thus, the token’s success was marked by an all-time high price of 

 in mid-September 2020 when it’s TVL in the parent protocol surged to over $676 million. As the buying sentiment grew, the YFI/USD exchange rate soared YFI over 

The upshot? YFI is now the first cryptocurrency to worth more than Bitcoin (BTC) per unit.

What Is The Yearn.Finance’s yEarn Product Used for?

Yearn.Finance has several features or services users can tap into now. The yEarn component of the protocol lets users deposit any of several stablecoins: DAI, USDC, USDT, TUSD, sUSD, and more. And as of now, Yearn looks for the DeFi platforms that produce the highest yield. 

Over time, the upgrades and improvements to secure the protocol make Earn more sophisticated. So, the size of the protocol’s user base means yEarn attempts to estimate the optimal allocation rather than simply dumping all of its holdings in one place. The allocation constantly changes because other users are going in and out of the liquidity pools directly.

In June 2020, staking stablecoins (USDT, USDC, DAI, or TUSD) into the Y pool will yield approximately 

 As of now, there is more than $650 million worth of crypto assets staked in the Y pool. Thus, making it one of the best returns in the decentralized finance sector. 

What Are The Yearn.Finance’s Vaults Used For?

Vaults are one of the main components of Yearn.Finance. They are the mechanism that temporarily holds the profits of stakeholders. While these profits are then distributed to YFI holders once the treasury is at or above $500k. And the profits are distributed as yCRV tokens.

Vaults represent the pools of funds that follow specific strategies. The use of vaults helps the community members work together to build strategies that determine the best yield protocol. They allow YFI coin holders to use any asset as liquidity. Liquidity is used as collateral, and collateral is managed at a safe level to avoid a default. The protocol then borrows stablecoins and puts the stablecoins to work on some farming. It then reinvests the earned stablecoins.

Is Yearn.Finance Different from Other Crypto?

Yearn Finance works similarly to other lending platforms. It lets users deposit any ERC20 stablecoin such as DAI, USDC, USDT, TUSD, or SUSD into the protocol and receive an equivalent amount of 

. The yTokens are like any other ERC20 token. The underlying stablecoin is then made available to lend.

Rather than lending the stablecoins into any particular protocol, the Yearn Finance platform automatically switches the tokens into a protocol with the highest yield to maximize user profit.

The network charges a small fee deposited into the platform’s pool and can only be accessible to YFI token holders.

How Sustainable Is The Yearn.Finance Ecosystem?

The purpose of Yearn.Finance has always been long term sustainability and symbiosis. Its creator 

 originally designed the ecosystem to be conducive to participating and optimized mutual settings. When a proposal is made, the goal is not to benefit yearn but to tweak all the systems engaged to benefit all participants and YFI coin holders.

with a trading volume of $300mil per 24 hours. At the same time, there are over 29k of YFI trading actively in 151 active markets.

Most experts agree that Yearn.Finance is very sustainable because its profitability is very high. The yields are high mainly because YFI is supported by a speculative enthusiasm for protocols with liquidity mining programs. The reason why “farmers” can get “yields” in three-digit and higher percentages is because speculators continue to buy new tokens on exchanges. It means speculators pay for the “yields” that “farmers” get in a more straightforward concept.

What Are The Challenges and Risks of YFI?

Although YFI is currently a pioneer in DeFi yield farming, it is not the only lending platform. Several (often questionable) YFI forks have recently appeared on the market and new Yield Farming aggregators such as 

 and asset management platforms such as 

. Which may pose new challenges for Yearn.Finance in terms of competition within the industry. 

Furthermore, the current returns from yield farming will fluctuate, and it won’t last forever. There are plenty of variables that can cause the public to stop buying new tokens and focus on those with stable value. Eventually, it’ll lead to a lower return. Experts and crypto enthusiasts express the hope that the launch of Yearn’s planned insurance, exchange, leverage, and liquidation products may diversify YFI revenue streams and provide option value for YFI holders.

For now, YFI remains one of the most exciting advances in decentralized management. The protocol created a large, diverse, and enthusiastic community of people who are very invested in the success of yEarn. Additionally, Cronje’s leadership and diversification of Yearn products are impressive. 

It’s important to remember that YFI is still a work in progress. That means there are no guarantees of a successful outcome or that the YFI token will remain valuable.

, and anyone can decide to imitate the protocol and concept. Over the year, Yearn has encountered many imitators. However, not many possess the proprietary technology which gives Yearn.Finance the edge over its competitors.

The YFI token value is mainly associated with the community around yEarn and reflects people’s confidence in the protocol and the people behind it. That makes it unpredictable and highly speculative.

The Yearn Finance project has enjoyed vast interest since its launch. After the YFI token crossed the value of $40,000 within a few months of its inception, many labeled it ‘better than Bitcoin.’ 

The nature and efficient protocol are what drives the efficiency of Yearn. For this reason, the platform’s user base will likely continue to increase in the years to come. Especially given that Cronje has announced a new 

. Aiming to focus on core lending and leverage products that increase yields with leverage.

Cronje’s intention to ‘dumb down’ DeFi for the average person turned out to be a winning strategy that catapulted Yearn to crypto stardom. His efforts to simplify the process and provide a better user experience stimulated the mass adoption and growth of YFI. 

Even though Yearn’s yield farming strategy involves a high level of risk, the protocol has so far managed to balance it out and provided some excellent returns this year with relatively limited risk. 

What Is Yearn Finance (YFI) in DeFi & How Does It Work?

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards