What is yearn.finance (YFI)?
Yearn.finance (YFI), launched in 2020, is a decentralized finance aggregator, offering a suite of services that aim to maximize the yield from various DeFi protocols. YFI is the governance token of the Yearn.finance ecosystem, allowing holders to vote on proposals and decisions.
The platform automates the process of yield farming, providing users with an easy way to access high returns from DeFi protocols without needing extensive knowledge. Yearn.finance aims to simplify and optimize DeFi investment strategies, making it more accessible and efficient for users. Its innovative approach to DeFi aggregation has made it a significant player in the space.
The platform automates the process of yield farming, providing users with an easy way to access high returns from DeFi protocols without needing extensive knowledge. Yearn.finance aims to simplify and optimize DeFi investment strategies, making it more accessible and efficient for users. Its innovative approach to DeFi aggregation has made it a significant player in the space.
Why choose Rabbit Wallet for yearn.finance?
Whether you're a total crypto newbie or a seasoned pro, Rabbit Wallet's got your back for
handling your YFI with ease. Check out some cool features that make Rabbit stand out:
Exchange yearn.finance (YFI)
With the Rabbit's built-in coin swap feature, you can exchange your yearn.finance for
any other coin at the best rates without ever leaving the cozy confines of your
wallet.
Self-Custodial
With a self-custodial wallet, you control the keys to your yearn.finance, meaning that
nobody, not even Rabbit, can ever access your coins. This also leads to faster
transactions with no third-party fees except for miners and increased flexibility.
Optimal Fees
The unique fee calculation algorithms provide you with various options when
available, allowing you to choose the most optimal one to ensure your transaction is
confirmed both swiftly and cost-effectively.
User-Friendly
We've worked hard to make Rabbit Wallet user-friendly for everyone. Packed with
features, it suits users at all levels, and our developers respond directly when
help is needed.
How to use Rabbit Wallet?
Creating a new wallet takes just a few clicks, and requires no information from you.
Here is a short brief on how you can create your new wallet:
Here is a short brief on how you can create your new wallet:
Save your phrase
You will be given a phrase, which will act as a primary key to your wallet. Save it
securely.
Set your password
Password is required to both open your wallet, and to perform any transactions.
You are in!
Now you are all set to explore the crypto world! Welcome to freedom!
Friendly tip: Having your passphrase on a sticky note under a keyboard might not be the best way to
store it.