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yearn.finance (YFI) is launching on Coinbase Pro

Coinbase

On Monday, September 14, transfer YFI into your Coinbase Pro account ahead of trading. Support for YFI will be available in all Coinbase’s supported jurisdictions, with the exception of New York State. Per previous launches, transfers will open during business hours, Pacific time.

On Monday September 14, YFI entered transfer-only mode. Inbound transfers for YFI are now available in Coinbase’s supported jurisdictions. Traders cannot place orders and no orders will be filled. The order book will be in transfer-only mode at minimum until Tuesday, 9/15 9am PT (US business hours).

One of the most common requests we receive from customers is to be able to trade more assets on our platform. Per the terms of our listing process, we anticipate supporting more assets that meet our standards over time. Most recently we have added trading support for UMA (UMA) Celo (CGLD), Numeraire (NMR), Band (BAND), Compound (COMP), Maker (MKR) and OmiseGo (OMG), along with supporting additional European and UK order books. Coinbase continues to explore support for new digital assets.

On Monday, September 14, we began accepting inbound transfers of YFI to Coinbase Pro. Trading will begin on or after 9AM Pacific Time (PT) Tuesday September 15, if liquidity conditions are met.

Once sufficient supply of YFI is established on the platform, trading on our YFI-USD order book will launch in four phases, transfer-only, post-only, limit-only and full trading. If at any point one of the new order books does not meet our assessment for a healthy and orderly market, we may keep the book in one state for a longer period of time or suspend trading as per our Trading Rules.

We will publish tweets from our Coinbase Pro Twitter account as each order book moves through the phases.

yearn.finance (YFI) is a decentralized finance (DeFi) platform which aims to perform a host of functions such as aggregated liquidity and automated marketing making by moving providers’ funds between platforms such as dYdX, Aave, and Compound. YFI is the native token in the yearn.finance platform. Users can earn it by contributing liquidity to yearn.finance’s liquidity pool and use the token for platform governance.

Please note that YFI is not yet available on Coinbase.com or via our Consumer mobile apps. We will make a separate announcement if and when this support is added.

You can sign up for a Coinbase Pro account here to start trading. For more information on trading YFI on Coinbase Pro, visit our support page.

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