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Explorers
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Volume(24h) $ ${ project.volume_24 }
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About the project

Yearn Finance Bit (YFBT)

Yearn Finance Bit (YFBT) is a decentralized token under the ERC-20 (Ethereum) protocol. When purchased it allows users to: earn a yield by staking it, borrow assets, and vote in the decentralized YFBT ecosystem on governance issues within the community.

The YFBT staking platform enables investors to earn a yield on the YFBT token by depositing the purchased token on the YFBT website in whatever amount one wishes to stake (deposit.) An Annual Percentage Rate (APR) of 25% is earned on the token’s value, and staked tokens can be unlocked at any time for a fee. In addition to the financial return that is earned stakers are rewarded with the governance token YFB2, which allows voting within the YFBT ecosystem.

Another service in the YFBT ecosystem is borrowing. Borrowers can borrow assets in an overcollateralized (perpetual) way, selecting USDT (Tether), Ethereum (ETH), or DAI, and earn YFB2 as a reward for using the protocol.

DeFi Token Information:

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$48 080.06 $3 303.69
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