How to buy & stake YFI via MetaMask Chrome Extension?

In the overwhelming world of digital assets, if you are a proud owner of the MetaMask Chrome Extension and looking for the best investment option, then look no further than YFI. Yes, you heard it right-YFI (Yearn Finance). Its protocol allows its holders to enjoy the highest possible returns by automatically reinvesting and shifting their funds. If you want to know how to acquire YFI through your MetaMask and stake it on its official website then take a dive in the further sections of this blog.

In our further content, we will cover an easy step-by-step guide to help you acquire YFI (Yearn Finance) in your MetaMask Extension. Along with that, we will also cover some instructions that will help to generate income by staking YFI (Yearn Finance) on Yearn Field through your MetaMask Wallet.

Steps to acquire YFI (Yearn Finance):

After reading through the above section, we are sure that you are now interested in buying YFI (Yearn Finance) in your MetaMask Chrome Extension. But before starting the given below steps, make sure that you have a sufficient amount of ETH available in your wallet.

1. First of all, open your Chrome browser on your preferred OS.
2. Launch MetaMask Extension and then unlock your wallet by entering your correct password.
3. Once you are on the homepage of your MetaMask Wallet, hit on the “Buy” button, and then you will be redirected to the MetaMask portfolio interface.
4. Click on the “Connect Wallet” tab and then connect your MetaMask Chrome Extension to its portfolio interface.
5. Click on “Swap”, located in the side menu bar.
6. Select “ETH” in the first drop-down menu.
7. Enter the amount of ETH in the first text field that you wish to spend for acquiring YFI (Yearn Finance).
8. Select YFI in the second drop-down menu.
9. Now, hit on “Get Quotes” and then you will be able to see the transaction details.
10. In last, click on the “Swap” tab and then follow the on-screen instructions to finish the entire process.

How to stake YFI (Yearn Finance) on Yearn Field?

Note: After acquiring YFI, make sure that you still have some amount of ETH available in your MetaMask Wallet for settling the amount of gas fee in the further steps.

1. Open your Chrome browser and visit the official web page of Yearn Finance.
2. Click on the “Connect Wallet” button, which you can find on the top right side of your screen.
3. Hit on the “MetaMask” from the list of available wallets.
4. Now, approve the connection request in the MetaMask popup section by following the on-screen instructions.
5. After connecting your MetaMask Chrome Extension to the YFI website, scroll down and click on the “veYFI” section.
6. Enter the amount of YFI tokens that you wish to stake in the “YFI” text field.
7. Enter the number of weeks as your staking period in the “Current lock period” text field.
8. Hit on the “Approve” tab.
9. Now, you will be able to see the amount of gas fee, which you have to pay.
10. In last, you just have to approve the request in your MetaMask pop-up to finish the entire process.

Bottom Line:

Overall, the entire process of acquiring and staking YFI (Yearn Finance) on MetaMask Chrome Extension is simple and easy, all you need is a stable internet connection and a sufficient amount of ETH in your wallet. But if you just join the platform and are unaware of acquiring and staking YFI (Yearn Finance) through MetaMask Google Chrome Extension, then follow the instructions mentioned by us in the above sections of this write-up.

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