YF Link (YFL)
Key data
updated $0YF Link, ticker YFL, is a governance token that came out of the 2020 wave of Yearn Finance-inspired DeFi projects. In plain terms, it wasn't built to be everyday money — it was built to give a community voting power over a yield-farming platform. It exists as an ERC-20 token on Ethereum, so think of it as an app-level asset riding on Ethereum's rails rather than a standalone coin.
Frequently asked questions
What is YF Link (YFL), and how is it different from Bitcoin or Ethereum?
Bitcoin is a standalone payment network, while YFL is a governance token tied to one specific DeFi protocol — more like a voting pass than a currency. It doesn't run its own blockchain at all; it's an ERC-20 token living on Ethereum. That means its security and transaction finality come entirely from Ethereum's network.
How does YF Link work under the hood, and what consensus does it use?
YFL has no consensus mechanism of its own because it's a smart-contract token on Ethereum. Ethereum runs on Proof of Stake, where validators lock up ETH to secure the network, and YFL simply inherits that security. The token itself is just code that tracks balances, transfers, and voting rights.
How is YFL issued, and is there any mining?
There's no mining in the Bitcoin sense — you can't earn YFL by validating blocks. It was originally distributed through liquidity mining, meaning users who supplied liquidity or staked assets in the protocol's contracts received YFL as a reward. The total supply is hard-capped, so there's no open-ended emission schedule printing new coins forever.
How can I store and use YFL?
Since it's an ERC-20 token, any Ethereum-compatible wallet works: MetaMask or Trust Wallet for everyday use, or a hardware wallet like Ledger or Trezor if you're holding it long term. Within the platform, YFL was used for governance votes and staking in the protocol's contracts. If you ever move it, keep a little ETH in your wallet to cover gas fees.