The founder of the project believes that the sphere has become so complicated that the average person doesn’t understand it and doesn’t know how to interact with it. YEarn.finance was launched with one simple goal to make profitable investing easy for users. His reviews written for Crypto Briefing contributed to his popularity. He also worked closely with the teams of Curve Finance and Aave projects. By that time, he was a well-known person in the crypto community as he often published his in-depth code reviews on Medium. When Andre Cronje created a programming code that enabled switching between different DeFi protocols, to deliver the highest yield to the investor, he decided to make it public. He borrowed 20k USD on his house to finish the project. Its creator Andre Cronje spent 42,467 USD on its development and double that sum on hosting and audits. YEarn.finance started as a hobby project. At this, creators of the project warned all members of the ecosystem that there was no ICO or pre-mine, and the tokens have no value. YFI is the token of the project that was launched on July 17, 2020. yEarn.finance is an ecosystem relying on DeFi lending protocols to maximize APY (annual percentage yields) for its users. It was made to alleviate popular DeFi protocols for non-savvy users and provide the largest profit to the holders of cryptocurrencies. YEarn.finance is a DeFi lending protocol built on Ethereum.
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