(YFI): Price Updates, Recent Developments, Future Events, Community

DeFi aggregator service, Yearn.Finance, is one of the best performing cryptos, gaining 50% in the last 14 days

yearn finance (YFI)
  • DeFi aggregator service,, is one of the current best performing cryptos in the market, gaining 50% in value over the past weeks.
  • The rally comes in the wake of a proposal to change the tokenomics of the project.
  • While voting on the proposal is still on-going, Yearn has outlined a four-phase rollout plan to facilitate the change of the project’s tokenomics.
  • The new tokenomics model will change the governance format of and cement the YFI as the fundamental foundation for governance.

Initially launched as iEarn, is an aggregator service for decentralized finance investors. The DeFi protocol uses automation to allow investors to maximize their profits from yield farming. 


The protocol has gained popularity among DeFi investors who are not technologically inclined. While is now one of the most popular DeFi protocols available, how has it performed recently?

Price Updates (YFI) is one of the best-performing cryptocurrencies in the market over the current period. On December 17th, YFI traded at $24,636, before rallying to a new 60-day high of $39,528 on December 20th. 

The 14 day price chart for Yearn.Finance (YFI). Source: Tradingview

Despite correcting to $31,405, YFI retains a net gain of 28% over the last 7 days. Over the last 14 days, YFI has gained in value by 50%. It is now ranked as the 88th largest crypto with a market capitalization of $1.15 billion as of this writing.

Recent Developments

The development team behind has outlined a tokenomics change which will be deployed in four phases. Voting for the proposal is still ongoing, and the proposed four-phase evolution of’s tokenomics will not be carried out until the proposal passes.


The vote on the tokenomics proposal will remain open until December 28th, 2021. So far, 862.63 YFI has been locked in favor of passing the proposal (99.69%), with only 2.69 YFI, or 0.31% of voters, being against implementing the new tokenomics model.

As part of the proposed tokenomics changes, Yearn has begun to use protocol fees accrued to the treasury to purchase YFI tokens from the market. Yearn recently announced the buyback of $7.52 million worth of YFI at an average price of $26,651. 

In addition, announced that the treasury has more than $45 million saved up and that, with increased earnings, they would be embarking on a more aggressive buyback plan for YFI tokens. 

Future Events

As part of stage one, these tokens will be used to reward YFI stakers under an xYFI model. Simply put, users will stake assets in the xYFI vault, and earn YFI from the treasury in return. announced that stage 2 will introduce a Curve-Esque vote escrow model. This will incentivize YFI token holders with rewards for locking their tokens.

Stage 3 will introduce the Vault Gauges model to allocate rewards on a vote-based system. In addition, veYFI token holders may begin to earn external voting incentives. Finally, stage 4 will allow veYFI holders to earn even more rewards for “useful work” and contributions.

The tokenomics change will also affect the governance of the protocols. According to the proposal, only YFI tokens staked in phase 1 or locked in phase 2 would be eligible for use in voting.

On the Flipside

  • is staging a comeback after the network was attacked in February.
  • Since hitting $90k in February, YFI has lost two-thirds of its value.


The project is largely built around its community members. For example, the proposed update to the YFI tokenomics started as a call to the community for tokenomics suggestions on the governance forum

Community members not only feel like they are a part of the project, but also believe in the project’s potential. Reacting to the buyback and subsequent rally of YFI, @Carithow09 wrote;

Martin Karel wrote;

@Dotcom_CSO wrote;

Why You Should Care

By reclaiming a good percentage of its tokens, is looking to implement a new governance model. It could also serve to increase the scarcity of YFI, resulting in an additional potential price rise.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Milko Trajcevski

Milko Trajcevski is a DailyCoin news reporter, mainly focused on Ethereum (ETH), Cardano (ADA), and their founders (Vitalik Buterin and Charles Hoskinson). Milko is an avid follower of crypto and blockchain technology and has written thousands of articles on the subjects. He finds joy in transforming complex issues into written content that anyone can understand. Milko has used and analyzed numerous exchanges, such as Coinbase, FTX, and Binance. He also closely follows all of the latest news around the largest decentralized exchanges (DEXs). Location: Skopje, Macedonia