Protocol · July 17, 2020
Yearn Finance launches YFI via a fair launch with zero premine
Price at event
$9,157
Today
$73,495
Since then
×8.0
On July 17, 2020, Andre Cronje distributed the entire 30,000-token supply of YFI to Yearn liquidity providers, keeping none for himself, the team, or investors. He insisted the token was "completely valueless"; the market promptly disagreed, sending it past the price of a single bitcoin within weeks and cementing the "fair launch" as DeFi's preferred origin myth.
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