Is Yearn Finance A Good Investment And Should I Invest in YFI?

Yearn Finance could become the next large-cap digital asset

Last Updated July 23rd 2021
32 Min Read

Are you wondering if now is the perfect time to buy Yearn Finance? Are you unsure if Yearn Finance is safe to invest in due to its current price? 

If you are new to the world of yield farming and therefore Yearn Finance investing, you might have asked questions such as is Yearn Finance a good investment, or should I Invest in YFI? 

The easiest answer to those questions is YES, Yearn Finance is likely a good investment, and investing in Yearn Finance could result in huge gains in the short and long term. 

Yearn Finance has increased significantly since the start of 2021. After opening at $22.731.77 on 1st January, YFI crossed several milestones and hit an all-time high of $93,435.23 on 12th May. This is a clear indication that Yearn Finance is not slowing down in terms of bringing massive returns to investors. 

With 1.7 million DeFi users now on Ethereum which is 50% more since the start of 2021, experts believe the YFI coin has plenty of room for growth due to being exposed to such statistics since it is an ERC20 token. 

Other experts think investing in Yearn Finance is one of the best decisions any investor can take with an eye on the long term. With more than 70% return year-to-date, now could be the right time to invest in Yearn Finance (YFI) since the market continues to recover from the new high lows suffered in May.

One of the biggest reasons to invest in Yearn Finance is the release of the new LINK vault. This adds up another depositing method to Yearn Finance. With this, holders of LINK tokens can use their digital assets as deposits when they patronize Yearn Finance.  

With such interoperability at the disposal of the cryptocurrency which has also led to an increase in the protocol’s May revenue ($10 million), this may go a long way to increase the price of YFI immensely. But these are some of the many reasons why investing in Yearn Finance could become profitable.

In this article, we are going to break all Yearn Finance-related myths found online. This will help you decide on whether you should consider investing in Yearn Finance.

If you want to invest in Yearn Finance easily and quickly, with 0% commission, check out eToro Exchange!

Contents:

What is Yearn Finance? A simple explanation

Yearn Finance is one of the most popular yield aggregation protocols in the decentralized finance space. YFI is a top 100 digital asset, ranking at 65th after Holo (HOT) and NEAR Protocol (NEAR) at the time of writing. Yearn Finance uses its token, YFI, to govern the protocol on changes and upgrades. 

Yearn is an ERC20 token created by Andre Cronje in February 2020. Yearn Finance uses automation to allow investors of decentralized finance (DeFi) to profit from yield farming through lending services such as Compound, Fulcrum, Aave, and dYdX

Through features such as Iborrow Finance, Ytrade Finance, Yswap Exchange, and Yliquidate Finance, liquidity schemes are opened for users. Moreover, users get the chance to go short and long on stablecoins, and manually deposit funds across various decentralized finance applications. Also, through the features earlier mentioned, users get access to the interest rates on top of flash loans made possible through the decentralized lending protocol, Aave.

It is a known fact that decentralized finance has taken over the cryptocurrency market. Yearn Finance falls under yield farming or aggregation but applications under decentralized lending, insurance, and exchange have played an invaluable role in how far Yearn Finance has come. 

It is therefore not surprising that several analysts and experts have forecasted Yearn Finance to cross $100,000 in the short and $200,000 in the long term. These forecasts are based on the huge activity created on such an exciting ecosystem where YFI gains enormously. 

It is therefore not surprising that Yearn Finance continues to serve as a beacon of passive income for thousands of people. With the number of Ethereum users rising daily, Yearn Finance is one of the popular DAPPS users would be exposed to when they make a step into DeFi. It should not be surprising if YFI becomes the first cryptocurrency asset to reach $100,000

Yearn Finance Investing: Getting Started

To start investing in Yearn Finance, you first need to register online with an exchange that will allow you to buy and invest in Yearn Finance. An exchange is a trading platform that allows you to buy, hold, and sell digital assets as well as stocks, commodities, and metals among others. Some of the questions skeptics of yield aggregation ask are, how do I invest in Yearn Finance and where can I buy Yearn Finance

You can invest in Yearn Finance through eToro. eToro is one of the world’s leading social trading platforms that offer both investing in cryptocurrency and stocks. For authenticity and legitimacy purposes, eToro has registered offices in the United States, the United Kingdom, Australia, Mexico, and Cyprus. The U.S. and the U.K. particularly would never grant licenses of operation to companies that are shady or have been involved in numerous scams. This is the primary reason why Trading Education recommends eToro as the exchange for you to start investing in YFI. 

Kindly follow the steps below to be able to buy YFI. 

The first step is to open an eToro account. As the first step of your verification process, your email address and phone number will be verified so kindly input authentic details of that as well as your full legal name, and residential address.

The second step is to verify your eToro account. Based on the information earlier on input, eToro will request you to upload government-issued identification cards with your signature embossed on them. This is to help certify the authenticity of the trader or investor sitting behind their smart devices. More often than not, for the prevention of identity, credit, and debit card fraud, eToro will request proof of residence in the form of an internet bill, credit, and bank statements not more than 6 months old.

The third step is to deposit funds. Using one of Skrill, PayPal, iDEAL, Rapid Transfer, Credit & Debit Cards, and good old bank transfers, you can upload funds in the form of EURO, GBP, or USD. Without funds, it would be impossible to buy YFI. 

The fourth step is to navigate to the YFI Page. After uploading a part of your savings you can write off as bad debt due to the risk associated with the trading and investing of YFI and other digital assets, you can buy one or several Yearn Finance coins. This will be processed and added to your account. 

invest in yfi

Is Yearn Finance A Good Investment?

Since Yearn Finance is one of the most popular yield farming protocols across the DeFi space, many crypto experts believe that Yearn Finance is a good investment when compared to other mainstream cryptocurrencies or DeFi coins. Despite all the ups and downs in Yearn Finance’s price performance, analysts think Yearn Finance’s price could grow further in the long term. 

One of the factors that will influence investing in YFI in 2021 is the advanced curve gauge voting strategy

Through its 37th Newsletter, it was revealed by the Yearn Finance Team through Medium that an advanced vote gauge strategy that is aimed at improving overall returns for the users of yield aggregation has been developed. The team also pointed out that, “We are also actively monitoring boosts for each of the Curve gauges in relation to other competitors in DeFi.” Why is this important for the price of YFI? By reaching an agreement through voting by YFI holders based on the earnings, the total value locked, as well as other metrics, Yearn Finance can help maximize profits for its users. In the process, there is a 15% increment in earnings. Yearn Finance boasts of one of the best development teams across the decentralized finance space. The team does everything possible to remain relevant in an ever-changing space so that they can optimize products to benefit investors of decentralized finance.

The primary reason why people deposit funds into pools is to maximize returns. If the potential earning of an investor is going to be increased by 15%, more users of DeFi will be trooping into Yearn as the primary DAPP to bring them the passive income they desperately crave for. 

With more liquidity being poured into the protocol and DeFi as a whole, Yearn Finance will continue to be in existence. With a future guaranteed, investors can make a better analysis of the asset and determine its long-term value. 

This is the main reason why Zephyrnet has weighed in on increased earnings for users and how it impacts the price of YFI in the short and long term. 

According to the experts, Yearn Finance could soar to $66,860 and close at $50,000 due to selling pressure by the end of 2021. In the long term, the prediction portal forecasts Yearn Finance to reach a trading price of $200,471 in mid-year and by the close of 2024 command a price of $233,598. Buying YFI at its current trading price below $40,000 could return at least 25% and 483.995% by the end of 2021 and 2024 respectively. If not for anything, experts at Zephyrnet have given you a reason to invest in Yearn Finance. 

Read Also: Could Yearn.Finance be a Millionaire-Maker Coin?

Should I Invest in Yearn Finance?

Why should I Invest in Yearn Finance? Well, Yearn Finance is one of the innovative financial technologies in the market that can change how we go about our lending and yield aggregation activities. To be more precise, Yearn Finance has introduced numerous features that allow users (banked, underbanked, and unbanked) have access to interests without any intermediaries. Thanks to the introduction of yield farming, people can deposit their funds and not have to worry about manually choosing between Aave, dYdX, Compound, and Fulcrum

One of the reasons why you should invest in Yearn Finance is the launch of Yearn.Fi version 1.2.0. This is a huge step for the protocol because billions of people are into traditional finance (TradFi) and find decentralized finance (DeFi) a bit complicated and risky. As per information retrieved from founder Andre Cronje’s Twitter handle, “yearn.fi slowly becoming more tradfi friendly, soon with downloadable excel sheets and tax reports, boring, but going to be very tradfi friendly <3, lots of other things happening in the background ;).” What is TradFi and why does Yearn Finance want to be TradFi friendly? TradFi stands for traditional finance and comprises your standard retail, commercial, and investment banks, along with financial technology companies that operate in finance. Tradfi is the entire set of new digital, blockchain-based traditional financial institutions that are centralized and regulated. 

Due to numerous question marks related to the legitimacy and authenticity of decentralized finance, Yearn Finance wants to have the same features as Tradfi so that users would not find much difference in its user interface and that of centralized institutions. 

In the long term, users of traditional finance that log into Yearn.Finance will be amazed as per the user-friendly interface the yield aggregation protocol provides. This will lead more people to settle on Yearn Finance as a high-yield interest platform that not only provides the same resources as central banks but it’s also decentralized.

CryptoCurrency Price Prediction believes the launch of a relatively newer version of Yearn Finance is great news for its novel token, YFI. According to the experts, YFI could trade for a coin at $198,337.46 by December 2021 and soar to $754,971.65. This means that investing in YFI could see you walk away with at least 395.844% on the 1st day of 2022 and as much as 1,787.43% in the long term. Cryptocurrencypriceprediction.com has given you the right to consider investing in Yearn Finance because of the promise it shows in the short and long term.

Check Out: Pros and Cons of Investing in Yearn Finance

Should I Invest in Bitcoin or Yearn Finance?

Yearn Finance (YFI) and Bitcoin (BTC) are the only crypto assets to cross the $60,000 price milestone. Bitcoin has enjoyed huge mileage due to it being the first cryptocurrency. Yearn Finance has also enjoyed huge popularity as one of the prime decentralized applications on the Ethereum Network. The two cryptocurrencies have been at loggerheads for some time as to what digital asset is going to cross certain milestones. 

Bitcoin functions as a transactional currency as well as a store of value for investors who have an eye on the long term. This is the primary reason why the next mainstream cryptocurrency Ether (ETH) does not trade for 10% of BTCs trading price at the time of writing. Bitcoin has been integrated with millions of merchants and continues to see great liquidity. At the time of writing, BTC has been involved in 236,736 transactions which are valued at $11.27 billion. Bitcoin is still considered undervalued since its total supply of 89% (18,738,225.00 BTC) from a maximum supply of 21,000,000 BTC has been mined. Scarcity normally leads to increased price in a particular asset and BTC could experience a spike in price as a result. Bitcoin’s volatility rate stands at 0.96 in the last 30 days.   

On the other hand, YFI is a governance token that oversees all the activities of its issuing authority. Since it is not a mainstream cryptocurrency, its usage is limited to the Yearn Finance protocol. This is the main reason why it has been involved in 656 transactions which are valued at $8.49 million. Unfortunately, scarcity is not on the side of Yearn Finance as the circulating supply of 36,635.44 YFI is equal to the total and maximum supply. Yearn Finance’s volatility rate stands at 1.75 in the last 30 days.

Based on the statistics, Yearn Finance is more volatile than Bitcoin. This means that it can experience sharp rises and falls within short periods. This makes YFI a great asset for day traders who want to take advantage of movements in the price of digital assets. 

So, should I invest in Bitcoin or Yearn Finance? We cannot rely on the fundamental analysis provided to make an investment decision. Let us borrow the forecasts of Wallet Investor to give an extensive insight into the future price patterns of the digital assets. 

In the immediate short term, the experts believe Yearn Finance could reach the best possible price of $73,367.60 by the end of December 2021. The same experts estimate Bitcoin could re-test $60,000 and settle at $64,550.30 by the end of December 2021.

In the long term, the experts believe Bitcoin could reach the best possible price of $222,077 by the close of 13th June 2026. The same experts forecast Yearn Finance to trade for a coin at the best possible price of $276,190 by the close of 13th June 2026.

Based on volatility and the price forecast, one of the best technical analysis-backed portals globally, you should invest in Yearn Finance in the short and long term because of the returns it promises.

Will Yearn Finance ever overtake Bitcoin / Will Yearn Finance Get as High as Bitcoin?

YES! Yearn Finance has already overtaken Bitcoin. Yearn Finance (YFI) like other DeFi coins that fall under the category of alternate (altcoins) took advantage of increased interest in digital assets by sophisticated and unsophisticated traders and investors at the start of 2021. YFI reached an all-time high of $93,435.53 during the spike in the price of cryptocurrencies in the 1st and 2nd week of May. Bitcoin reached an all-time high of $64,836.10 during the spike in price for digital assets on 14th April 2021. 

The trending news on the part of Bitcoin is the announcement of the first upgrade in four years. Miners around the world on Saturday, 12th June 2021 approved TAPROOT which is due to take effect in November 2021. This upgrade will see users have transaction privacy and efficiency. What’s more, this upgrade unlocks the potential for smart contracts. This is an essential part of decentralized finance. This means that Bitcoin can host great decentralized applications and compete with Ethereum, Cardano, EOSIO, Internet Computer, and Tron for a fair share of the market. This upgrade could see BTC test new milestones and break the $100,000 mark.

The trending news on the part of Yearn Finance is the release of its 37th Newsletter. On Tuesday, 15th June 2021, the team behind Yearn made it known that the total value locked has surpassed $5 billion and a new LINK Vault has been released to enable LINK holders to make deposits directly on the protocol. Also, a reflexer vault has been released and there has been a spike in the revenue of the protocol by 34%. 

So, will Yearn Finance overtake Bitcoin and in the future, will Yearn Finance get as much as Bitcoin? According to experts at Coin Price Forecast, Bitcoin could trade for a coin at $106,826 by the end of 2030 and Yearn Finance could command a trading price of $162,114 by the year’s end of 2030. Based on the price forecasts of the experts at one of the most reputable prediction websites, Yearn Finance will not only get as high as Bitcoin but overtake it in the future.

invest in yfi

How Much Could Yearn Finance Be Worth? 

Zephyrnet estimates Yearn Finance to test $187,473 by the middle of 2023 and $198,660 on the last day of the year.

In the short term, Coin Price Forecast foresees Yearn Finance trade for $55,793 by the close of 2021 and reaches average prices of $97,173 (2023), and $118,271 (2024). In the long term, the experts expect Yearn Finance to reach best possible prices of $133,136 (2026), $151,504 (2027), $167,537 (2028), and $148,117 (2029). Coin Price Forecasts further foresees Yearn Finance trading at prices of $175,167 and $188,847 at the end of 2031 and 2032 respectively.

In the short term, Digital Coin Price projects Yearn Finance to have average trading prices of $51,387.26 by the year’s end of 2021, $70,343.44 (2023), and $79,037.97 (2024). In the long term, the experts predict Yearn Finance to command trading prices of $122,586.01 at the end of 2026, $126,303.65 (2027), and $155,153.03 (2028).

According to the Long Forecast, Yearn Finance could command trading prices of $50,147 by the close of 2021, $107,195 (2023), and $59,163 (2024).  

Analyst Elena R at CoinPedia forecasts YFI to reach $95,000 by the end of 2021 and increase to $310,000 by 2026.

What Will Yearn Finance Be Worth in 2022? 

According to experts at Zephyrnet, Yearn Finance could command a price of $95,800 by June ending and $158,000 by the end of 2022.

Coin Price Forecast believes YFI will be trading at $72,531 by the end of June and $88,850 by the close of the year. 

Digital Coin Price thinks Yearn Finance could trade for a coin at $60,323.43 by the end of 2022. 

The Long Forecast predicts Yearn Finance could have a trading price of $77,254 by the year’s end of 2022. 

CoinPedia estimates Yearn Finance could have a trading price of $158,000 by the close of 2022.  

How much is Yearn Finance Worth in 2025? 

According to experts at Zephyrnet, YFI could command a price of $246,129 by the middle of the year and reach $234,958 by the end of 2025. 

According to analysts at Coin Price Forecast, Yearn Finance could reach $130,098 by the end of 2025 and $118,680 on 31st December 2025. 

According to experts at Digital Coin Price, Yearn Finance could test $99,333.46 by the close of the year. 

According to the analysts at Long Forecast, Yearn Finance could command a trading price of $127,025 on 31st July 2025.

 What Will Yearn Finance Be Worth in 2030? 

Coin Price Forecast predicts a price of $155,133 by the close of 30th June and a new milestone of $162,114 on 31st December 2030.

Can Yearn Finance Reach $100,000? 

YES! Yearn Finance can reach $100,000 as per the price forecasts of Digital Coin Price, Zephyrnet, Long Forecast, Gov.Capital, and Coin Price Forecasts. 

Can Yearn Finance Reach $200,000? 

Analysts at CoinPedia and Zephyrnet believe Yearn Finance could cross the $200,000 mark and reach $234,958 and $310,000 by the end of 2025 and 2026 respectively.

Will Yearn Finance Go Down in 2021? 

NO! Yearn Finance (YFI) will not go down in 2021. There are no price forecasts across the most credible prediction websites that foresees YFI heading into extinction zones on 31st December 2021. The problem with the cryptocurrency market is that it relies heavily on arbitrage trading

In simple terms, arbitrage trading is where people try to take advantage of movements in assets with similar functions. Since Yearn Finance is aligned with Compound (COMP) and Aave (AAVE), there is a pattern where the three cryptocurrencies move up and go down at the same time. The resultant effect is a sale of YFI by investors who look forward to locking gains in case holders of COMP and AAVE sell-off their holdings which see a plunge in the digital assets. 

With the May lows under perspective, YFI is currently trading at 63.25% of its all-time high. This has brought a bit of fear in the eyes of several traders and investors but this shouldn’t be the case. 

Trading Education would like you to know an important term called UPTREND. An Uptrend means an asset sheds a substantial amount of its price to reach new high lows. This leaves traders and investors who did not get out of the market quick enough with huge losses. The new high lows make the asset relatively cheaper. With this, investors who made huge gains from other assets invest huge sums of money in this asset which dropped to new lows. Since investors are willing to buy the asset at whatever price sellers are shipping it out for, the asset rallies, crosses its all-time high and reaches new high highs.

This means that the new high lows YFI has reached could result in a spike in price to reach new high highs in the future. 

According to Gov.Capital, Yearn Finance could reach the best possible prices of $84,620.4845 by the end of 2021 and increase to $115,000 by the end of 2026. So, YFI is not going down and has a bright future ahead as well.  

 Don't Miss: Yearn Finance Price Predictions

Who Should Include Yearn Finance in Their Portfolios?

Many people can benefit from having YFI in their portfolio of investments. There are many ways of investing in Yearn Finance and turning up with a profit. Some of the ways include but are not limited to becoming, day trader, cryptocurrency trader, blockchain enthusiast, and growth investor.  

Day Traders: This is a person who executes relatively larger volumes of sell and buys trades to capitalize on intraday movements of the prices of assets. By including Yearn Finance (YFI) in their portfolio, they can take advantage of the volatile nature of the cryptocurrency and execute short and long orders on the cryptocurrency. Most day traders earn a substantial amount of passive income from their trading activities.

Cryptocurrency Traders: Many people are not convinced about trading cryptocurrencies due to their high volatility that makes it difficult to get every prediction right. Most traders normally opt for less-volatile assets such as stocks, commodities, indices, and metals. Adding cryptocurrencies such as YFI can be invaluable to the course of every trader. High volatility is not always bad. Responding to favourable and unfavourable news primarily on parent crypto Bitcoin which controls the market can help a cryptocurrency trader go short or long and rake in huge gains.

Blockchain Enthusiasts: Such people are experts who understand what a particular blockchain or protocol is and how they work. Decentralized finance relies on blockchains and DAPPs run on the Ethereum Network. With an eye on upgrades to Ethereum and Yearn Finance through the teams behind the smart contract network and DAPP, such an expert can know the entirety of a protocol and its market potential. Including YFI in such a portfolio based on strong fundamentals can bring great returns to a blockchain expert. 

Growth Investor: Such investors are interested in young or small companies. When you translate this to cryptocurrencies, such an investor can be interested in young protocols such as Yearn Finance that has less crypto trading experience. Investing in Yearn Finance can see above-average rate returns which would be better than the entire decentralized finance space. 

But is 2021 too late to buy Yearn Finance?

NO! It is not too late to buy Yearn Finance. YFI is trading below $40,000 which is $53,000 less than its all-time high. Understandably, the current price of Yearn Finance is relatively higher when compared to other altcoins. The fact you may be priced out of YFIs price does not mean you cannot hold the cryptocurrency. To cut potential losses, you can invest in Yearn Finance as a group. If more people decide to buy the cryptocurrency and it reaches new milestones such as the projected $100,000 in the future by several analysts across crypto prediction portals, gains could be split. In case there are losses, you do not have to suffer them alone; you spread the risks with other people. 

With analysts at CoinPedia and Zephyrnet estimating Yearn Finance to reach at least $200,000 in the future means it is not too late to buy the asset. This is because; you could be walking away with at least 400% returns in the not-so-distant future.

Read Also: Is It Worth Investing in Yearn Finance?

Is Investing in Yearn Finance Risky?

YES! Investing in Yearn Finance can be very risky. It has a volatility rate of 1.75 in the last 30 days up to the time of writing. This is almost twice the volatility rate of Bitcoin which stands at 0.98. After opening at $30,170.52 pm on 1st January 2021, YFI increased to $36,133.54. In May, Yearn Finance began strong with a price of $48,906.71 on the 1st day and a huge leap to $93,435.53. The only people who made money are day traders and other investors who are glued to their trading screens daily.

For investors, who purchase an asset and leave it to survive in the market, losses have been associated with their investments. Practically, purchasing an asset at $50,294.23 on 16th April 2021 and leaving for 2-month vacation results in a little over $13,000 in losses. Investing in cryptocurrencies is risky. You must find time to monitor your trading screen at least 2 times a day to stay in the game.

With price swings, you may see your entire investment wiped off in a short period. Invest in YFI and other digital assets an amount of money you can afford to lose.

Could Yearn Finance Be a Bad Investment? 

YES! Yearn Finance could be a bad investment. Despite the opportunities in yield farming, it’s still a relatively newer concept that has not sunk into the mainstream public. Millions of people prefer to receive high yields through traditional finance since it is regulated and has a physical infrastructure they can walk to if something should go wrong. 

As per data retrieved from Statista, there are 73 million blockchain wallet users worldwide from a study conducted from November 2011 to 18th May 2021. 

As per data retrieved from the World Bank, 69% of adults had a bank account in 2017 from 62% in 2014 and 51% in 2011. This means that more than half of the world’s population have a bank they trust and may prefer to rake in interests from deposits made through bills and bonds at those banks. 

It was also revealed that about 1.7 billion adults remain unbanked. This number looks like such people could take advantage of decentralized finance but the introduction of central bank digital currencies could cut this number in half. 

This is because once there is a digital version of money; everyone would be automatically subjected to interest rates from their savings accounts. Those who want more would just have to visit a bank and deposit more money into a Treasury bill or bond pool and enjoy interests from lending, thereby not needing decentralized lending or yield aggregation.

Diversifying your portfolio is the name of the game. Do not put all your eggs in one basket. Spread your investments across the board because no one knows what will happen in the future. Cryptocurrencies may survive; they may also die down slowly due to other innovations by centralized financial bodies. Therefore, YFI could be a bad investment, especially in the long term. 

invest in yfi

Does Yearn Finance Have a Future?

Yearn Finance has a future. Decentralized Finance has grown more than 88 times within a year (May 2020 to June 2021). As of Wednesday, 5th May 2021, there are 150 million unique Ethereum addresses. The number of DeFi users stands at 1.75 million users. DeFi keeps growing daily and such a number could be doubled, tripled, or even quadrupled before the end of the year. Once this happens, activities on decentralized lending platforms have an impact on Yearn Finance and its novel token, aside from the direct activity it realizes on its protocol. 

Moreover, a thorough analysis of Yearn Finance’s trading volume shows consistency in investor interest. Since 1st January, YFI has recorded daily volumes of at least $100,000,000. Normally, as per fundamental and technical analysis, when trading volumes go up, prices tend to follow in that direction. On the other hand, when volumes go down, prices normally head south. 

With the increased use rate of Ethereum, DeFi, and interest from investors through volume in sight, Yearn Finance has a future and will continue to bring high yields to protocol users and gains to token investors. 

How safe is Yearn Finance? 

Yearn Finance is very safe. It runs on the Ethereum Network through its proof-of-work (POW) algorithm that ensures its safety. As a protocol, it is non-custodial. This means that users are the only people who have access to their private keys and wallets. With its decentralized nature, users control the stakes and this makes it impossible for hackers to zoom in and take advantage of individual accounts, the protocol, or its network. 

How Legit is Yearn Finance? 

Yearn Finance is highly legit. Yearn Finance trades on all the top cryptocurrency exchanges such as Binance, eToro, Huobi Global, CoinTiger, ZG.com, and OKEx among others. An important thing to note is that YFI is listed on such exchanges because of its high-volume trading.

Aside from this, it has a proper team behind the project which stabilizes the digital asset. For eToro to list Yearn Finance (YFI) means the trading platform has embarked on a thorough assessment of the project. Since eToro has licenses in the United Kingdom and the United States, it wouldn’t list a shady asset. You can use eToro to trade YFI if you are unsure of an exchange that will grant you the safety and security to embark on a trading journey.

Alternatives to Yearn Finance

Aside from YFI, other assets have brought a huge return to its holders. Compound (COMP), Aave (AAVE), and Maker (MKR) are DeFi coins that show great promise. Mainstream cryptocurrencies such as ZCash (ZEC), Monero (XRM), Dash (DASH), Bitcoin (BTC), Ether (ETH), EOSIO (EOS), and Internet Computer (ICP) can also be considered.

Conclusion: Is Yearn Finance a Good Investment?

YES! As per the fundamental analysis provided and the forecasts of experts, investing in Yearn Finance is worth considering. For thousands of people, investing in Yearn Finance has proven to be a great decision.

On 1st January 2021, YFI opened at $22,731.77 and traded over $90,000 in May. This is 4.11 times its opening year price. 

Buying 5 YFI at the time would have resulted in $113,658.85. Selling COMP at the right time when it reached $93,433.53 could have resulted in $467,167.65 and a potential $353,508.8 could have fallen your way as a profit.

So, is Yearn Finance a good investment? In June where it’s trading at a relatively lower price, Yearn Finance is considered a good investment. And if you are looking to invest in YFI, June presents the perfect opportunity to do so.

While no investment is risk-free, investing in Yearn Finance has generated more than 70% year-to-date (YTD). If you are new to Yearn Finance investing, understanding what to know before investing in Yearn Finance is extremely crucial. 

Use these predictions by Wallet Investor as a guide towards your investing in Yearn Finance in June or the not-so-distant future. 

Yearn Finance Price Predictions 2021-2026:

Year Least Possible Price Best Possible Price
2021 $53,613.30 $73,367.60
2022 $100,067 $119,669
2023 $143,312 $164,426
2024 $191,475 $210,806
2025 $235,706 $255,293
2026 $255,941 $276,190

 

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