Earn up to
12% APY
An in-depth guide on how to earn yearn.finance (YFI) in South Africa
We have a wealth of information on earning yearn.finance (YFI) and we're excited to share some of this with you.
We present you with various earning options using different coins that may pique your interest.
yearn.finance (YFI) is currently priced at US$0,01 with a 24-hour trading volume of US$18,35M. The market cap of yearn.finance stands at US$266,18M, with 33 627,93 YFI in circulation. For those looking to buy or trade yearn.finance, YouHodler offers avenues to do so securely and efficiently}
Lending yearn.finance can be an excellent choice for those looking to hold YFI while earning a return. The process may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.
To lend yearn.finance, you first need to possess it. To acquire yearn.finance, you'll need to buy it. You can select from these well-known exchanges.
| Platform | Mint | Cost |
|---|---|---|
| Nexo | yearn.finance (YFI) | 3 409,19 |
| YouHodler | yearn.finance (YFI) | 3 399,13 |
| Binance | yearn.finance (YFI) | 3 404 |
| BTSE | yearn.finance (YFI) | 3 400,41 |
| Coinbase | yearn.finance (YFI) | 3 399,28 |
| Kraken | yearn.finance (YFI) | 3 371 |
Once you have YFI, you'll need to select a yearn.finance lending platform to lend your tokens. You can explore some options here.
| Platform | Mint | APY |
|---|---|---|
| YouHodler | yearn.finance (YFI) | Up to 12% APY |
| Blockchain.com | yearn.finance (YFI) | Up to 1% APY |
Once you've selected a platform to earn your yearn.finance, transfer your yearn.finance into your wallet on the earning platform. Once it's deposited, it will start earning APY. Some platforms pay interest daily, while others do so weekly or monthly.
Now all you need to do is sit back while your cryptocurrency earns APY. The more you deposit, the more interest you can earn. Try to ensure your earning platform pays compounding interest to maximise your returns.
Lending your crypto can be risky. Ensure you conduct thorough research before depositing your crypto. Don't lend more than you're prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.
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