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# Yearn Finance Introduces StableCredit and YFI Price Surges
- URL: https://dexplain.com/yearn-finance-introduces-stablecredit-and-yfi-price-surges/
- Published: 2020-09-12T12:54:00.000Z
- Updated: 2021-12-01T12:55:43.000Z
- Description: Yearn Finance introduces StableCredit, a new DeFi lending protocol. YFI price surges following Coinbase Pro listing.
- Author: wizardfromspace
- Tags: Yearn Finance, defi, dapss, Ethereum, stablecoins

Yearn Finance, [one of the DeFi giants](https://dexplain.com/yearn-finance-vaults-explained/), continues to innovate the space and release new products. Its latest product, called StableCredit, is a new protocol aimed at decentralized lending, stablecoins, and automated market makers. And YFI holders enjoyed a huge 60% pump from a [Coinbase Pro listing](https://blog.coinbase.com/yearn-finance-yfi-is-launching-on-coinbase-pro-af730b9c5ef0?ref=dexplain.com).

## StableCredit – how can I keep up?

Yearn propelled itself to the fifth largest DeFi platform in a matter of weeks, in terms of total value locked up. It has left many crypto enthusiasts scratching their heads, by the time you understand [one product or clone](https://dexplain.com/what-is-dfi-money-yfii-token-review/), the team will have released two more.

**Confused? Start here:**

- [What is Akropolis? A look at DeFi apps Sparta and Delphi](https://dexplain.com/what-is-akropolis-a-look-at-defi-apps-sparta-and-delphi/)
- [Yield Farmers Devour Sushiswap: $250 Million Locked](https://dexplain.com/yield-farmers-devour-sushiswap-250-million-locked/)

StableCredit enables users to deposit any asset and create a tokenized credit in a fiat base such as USD, EUR, or JPY. It then goes into an automated market maker, letting you use the StableCredit USD to borrow any asset in the AMM.

**Just another lending protocol…** while the design of this new protocol seems [quite complicated and confusing](https://twitter.com/ChrisBlec/status/1304058418957778945?ref=dexplain.com) (hopefully this will be cleared up before launch!). The key thing to note here is that this lending protocol has **no governance**, it is truly 100% decentralized. There are no token voters trying to extract rent from users, meaning it could become the most competitive platform yet.

- Yearn’s native token YFI has already seen an all time high of $39,000 on August 31st. And some traders are [making thousands trading](https://dexplain.com/how-to-turn-200-into-250k-trading-buggy-defi-tokens/) the copycat clones of Yearn Finance.

**Meanwhile YFI goes parabolic…** a Coinbase Pro listing has moved YFI token back into bullish territory. After a correction down to $27,000 on September 10th, the new listing caused the price to pump up to $35,000 **in the same day**.