Crypto

2+ Ways To Add YFI To Metamask

Add YFI to Metamask

Yearn.finance (YFI) is a suite of products in Decentralized Finance (DeFi) that provides yield generation, lending aggregation, and more on the blockchain.

If you’re looking to transfer your YFI tokens to your Metamask wallet, you will need to import them as a custom token.

The process of adding YFI is much easier, as you do not need to add it as a custom token like OHM.

Here’s a guide to help you get started.

How to add YFI to Metamask on the Ethereum Network

Here are 3 steps to add YFI to Metamask:

  1. Go to Metamask and ensure that you are using the Ethereum Mainnet
  2. Select ‘Import Tokens’, and then search for YFI
  3. Confirm the addition of YFI to your Metamask wallet

Go to Metamask and ensure that you are using the Ethereum Mainnet

The first thing you’ll need to do is to ensure that you are using the Ethereum Mainnet on Metamask.

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This is the default network for all Metamask wallets. However, you are also able to connect Metamask to other blockchain networks, such as:

  1. Polygon
  2. Fantom
  3. Binance Smart Chain
  4. Avalanche

As such, do remember to be on the Ethereum Mainnet before moving on to the next step.

Select ‘Import Tokens’, and then search for YFI

Once you’re on the Ethereum Mainnet, the next step will be to select ‘Import Tokens‘.

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On the ‘Search‘ tab, you can search and select YFI as the token that you wish to import.

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Alternatively, you can go to the ‘Custom Token‘ section.

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After copying the Ethereum contract from CoinMarketCap,

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you can paste it in the ‘Token Contract Address‘ field in Metamask.

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If you pasted the correct contract address, YFI should automatically appear as the Token Symbol.

Confirm the addition of YFI to your Metamask wallet

The last step you will need to do is to confirm importing YFI one more time.

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Once you’ve successfully imported YFI to your Metamask wallet, you should see it as one of your assets under the Ethereum Mainnet.

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This process is similar to adding other tokens, such as SAND or MANA.

How to add YFI to Metamask on the BNB Smart Chain 

You may want to note that you can also transfer YFI to your Metamask wallet via the BNB Smart Chain.

Here are 3 steps to add YFI to Metamask on the BNB Smart Chain:

  1. Go to Metamask and ensure that you are using the BNB Smart Chain Mainnet
  2. Select ‘Import Tokens’, and then ‘Import Custom Token’
  3. Confirm the addition of YFI to your Metamask wallet

Go to Metamask and ensure that you are using the BNB Smart Chain

The first thing you’ll need to do is to ensure that you are using the BNB Smart Chain Mainnet on Metamask.

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If you have not set up the BNB Smart Chain on your Metamask wallet, you can check out this step-by-step guide here.

Select ‘Import Tokens’, and then ‘Import Custom Token’

Once you’re on the BNB Smart Chain Mainnet, the next step will be to select ‘Import Tokens‘.

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On the ‘Search‘ tab, you can search and select YFI as the token that you wish to import.

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Alternatively, you can go to the ‘Custom Token‘ section.

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After copying the BSC contract from CoinMarketCap, by clicking on ‘More’,

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you can paste it in the ‘Token Contract Address‘ field in Metamask.

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If you pasted the correct contract address, YFI should automatically appear as the Token Symbol.

Confirm the addition of YFI to your Metamask wallet.

The last step you will need to do is to confirm importing YFI one more time.

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Once you’ve successfully imported YFI to your Metamask wallet, you should see it as one of your assets under the BNB Smart Chain.

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This will allow you to view any YFI that you’ve deposited via the BNB Smart Chain!

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Conclusion

YFI can be added to your Metamask wallet either via the BNB Smart Chain or the ERC20 Network.

You may want to note that YFI can also be added to your Metamask via other networks, such as:

  1. xDai
  2. Avalanche
  3. HECO
  4. Fantom

However, you won’t be able to add it to the Solana network as Metamask does not support these networks.

After adding and receiving your tokens to your Metamask wallet, you can consider using decentralised exchange (DEX) aggregators, including:

Since both platforms are DeFi aggregators, they will ensure that you will get the best rates for any swaps that you make!

If you’re looking to generate tax reports for your crypto trades, you can consider using Koinly, which allows you to track your transactions from 350+ exchanges and 50+ crypto wallets.

👉🏻 Referral Deals

If you are interested in signing up for any of the products mentioned above, you can check them out below!

ZenGo Referral (Get $10 Cashback)

If you are looking for an alternative wallet to Metamask, one of the options you can consider is ZenGo. What’s more, you’d be able to receive $10 cashback, and here’s what you’ll need to do:

  1. Sign up for a ZenGo wallet using this link
  2. Enter the Referral Code ‘ZENX0B4G’ when you are entering your email
  3. Purchase $200 worth of crypto via MoonPay in the ZenGo app

Once this is done, you will receive $10 cashback in BTC.


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