Is yearn.finance a scam?

Asked about yearn.finance (YFI), market cap rank #362.

Short answer

yearn.finance (YFI) has been scored on isthiscoinascam.com and has a high score, indicating low scam risk based on the available data.

Source: isthiscoinascam.com · Updated 2026-06-07

Red flags raised

  • Token supply can be minted by the owner
  • No recent code commits
  • Public scam allegations have been raised
  • A single wallet holds over 10% of supply

Positive signals

  • Community-governed via YFI holders (described in multiple sources).
  • At least one auditor PDF report was found stating PASSED for a YFI contract scope (EtherAuthority report).

Security audits

4 audits on record.

  • ChainSecurity — unknown
  • CertiK — unknown
  • EtherAuthority (PDF report) (2024-06-08) — pass
  • Veritas Protocol — unknown

See the full report

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