YearnFinance Mission

3 min readOct 22, 2020

Introducing $YFM

It’s a decentralized application. The team is developing a platform that allows users to provide liquidity and to be rewarded with $YFM tokens. Meanwhile, maintaining both secure and token price stability and simplified Defi for end users.

The platform will integrate multiple products for users to conduct financial activities.

What we are offering / What we will offer

YearnFinance Mission ($YFM) token:

It is an exchange token that can process transactions and value transfers.

YearnFinance Mission — Earn:

Asset management module, the first asset proof mining, with asset pledge, liquidity mining, and issuance of collateralized stable coins.

Farm: Allows holders to pool their assets to LP, and get YFM as rewards.

Stake: Allows holders to stake tokens by using $YFM, high APY, High profits.

YearnFinance Mission — Deposits & Borrow (no longer available)

Users can deposit their tokens in the pool, and borrow 40%-70% of the deposits funds. Meanwhile, users can earn $YFM as a reward for using the protocol

YearnFinance Mission — Vote

As YFM holders, you have the rights to vote, to make decisions.

YearnFinance Mission — Vault

It’s an automates yield farming protocol. It will allocate holders funds to the current agreement with the highest revenue, to max their profit.

YearnFinance Mission —Wrapper

It’s a cross-chain module for fast, low-friction implementation of the bi-directional or multi-directional conversion of BTC, ETH, IPFS, TRX and others.