DeFi's yearn.finance Is Coming to Coinbase Pro

published 11.09.2020 00:18

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At the time of writing, it is the fifth-most popular DeFi protocol, with $804 million locked in its smart contracts.

Yearn.finance’s main feature is to generate high amounts of interest on crypto deposited in its smart contracts by dispersing this money among different DeFi lending and liquidity protocols.

The cost of a single YFI peaked at $39,306 on August 31, four times the price of Bitcoin at the time and double its all-time-high.

Image: Shutterstock YFI, the governance token that powers yield aggregator platform yearn.finance, will be listed on Coinbase Pro on September 14, the Californian crypto exchange announced today.

Whereas buying Bitcoin from the regular Coinbase app is to buy it directly from Coinbase, Coinbase Pro is the fully-fledged exchange that supports trades between other exchange users.

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