How to get yfi coins

Methods to obtain YFI coins include: Direct purchase: Purchase on a decentralized exchange (DEX) or a centralized exchange (CEX). Participate in liquidity mining: provide liquidity on the Yearn.finance protocol or external platforms to earn rewards. Staking: Stake YFI on the Yearn.finance protocol or external platform to obtain governance rights and rewards. Liquidity Provision: Provide liquidity to YFI trading pairs to earn trading fee rewards. Airdrops: Early users may receive airdrops. Other ways: Enter contests, giveaways or contribute to the community.

How to get YFI coins

Buy directly

• Decentralized Exchange (DEX): in Buy YFI on DEXs like Uniswap, SushiSwap and Balancer.
• Centralized Exchanges (CEX): Buy YFI on CEXs like Coinbase, Binance, and Kraken.

Participate in liquidity mining

• Yearn.finance platform: Integrate other cryptocurrencies, such as ETH or DAI, Deposit into the vault in the Yearn.finance protocol to receive YFI rewards.
• External Liquidity Mining Platforms: Provide liquidity on platforms such as Curve, Convex Finance and BadgerDAO to earn YFI rewards.

Staking

• Yearn.finance Platform: Stake your YFI into the Yearn.finance protocol to earn Governance token veYFI. veYFI gives you voting rights on protocol decisions, and you can also earn yVault staking rewards.
• External Staking Platforms: Stake your YFI on platforms like Binance, Gemini, and Celsius to earn interest income.

Liquidity Provision

• Provide Liquidity: Provide liquidity for YFI trading pairs on DEX or CEX, To receive transaction fee incentives.

Airdrops

• Past Airdrops: For early Yearn.finance users, there were a few airdrops that distributed YFI. These airdrops have ended.

Other Ways

• Enter Contests and Giveaways: Follow Yearn.finance on social media to enter Contests and giveaways with a chance to win YFI.
• Get involved in the community: Contribute to the Yearn.finance community, such as translating documentation or producing educational content, to earn potential YFI rewards.

Yearn.finance (YFI) continues its decline amid intense volatility and is currently trading at $5567.48. Its value has plunged 8.73% since yesterday, with daily trading volume reaching $26.19 million. As prices continue to move lower, investors are keeping a close eye on where YFI will go next.

From a technical perspective, YFI’s downtrend is clearly visible. Its 200-day moving average (MA) at $6,200 is currently acting as strong resistance, hampering any rebound attempts. Additionally, the 100-day moving average (MA) at $5,800 is also providing resistance to the price.

In terms of support, YFI’s 50-day moving average is $4,800, and if it falls below this level, further losses are likely. However, losses are expected to be limited due to strong support near $4,200.

Overall, YFI’s technical indicators suggest that it is currently in a bear trend. Failure to rebound above $6,200 may continue the decline to $4,800. It is crucial to be patient and monitor price action for signs of a reversal of the trend.

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