The YFI token at 0x0affe50d637114656f6ba27fa94abf0de260f918 runs on BNB Chain (BSC). It shares the symbol “YFI” with the well-known Yearn Finance governance token, but symbol overlap does not equal provenance. Multiple datasets and on-chain checks suggest this contract is not the official Yearn Finance deployment. Some trackers loosely label BSC YFI tokens as “wrapped” or “bridged,” but we found no conclusive evidence that this address is an authorized Yearn wrapper or an official fork. Treat it as a separate asset unless you can verify a legit bridge and custodian.

TL;DR

• The official Yearn Finance YFI lives on Ethereum as an ERC‑20; its canonical contract is 0x0bc529c00C6401aEF6D220BE8C6Ea1667F6Ad93e. See yearn.finance and Etherscan.
• The BNB Chain token at 0x0affe5…f918 appears independent. Marketing language around “legendary DeFi king” and “explosive machine” suggests a speculative or meme-style positioning rather than an official Yearn deployment.
• A separate “Binance-Peg YFI” exists on BSC with a different contract address; it is not the token under review here.
• If you trade this BSC YFI, use strict risk controls and verify contract mechanics (taxes, ownership, pause, mint, proxy) before committing capital.

Quick context: the real YFI

Yearn Finance is a pioneering DeFi yield aggregator founded by Andre Cronje. The YFI token is its governance asset with a famously fixed supply of 36,666 and no premine. It’s natively on Ethereum, and liquid markets exist across major centralized and decentralized venues. Learn more at yearn.finance and the Ethereum contract on Etherscan.

What this BNB Chain YFI is—and isn’t

• Chain and address: BNB Chain, contract 0x0affe5…f918.
• Identity: Shares the “YFI” ticker, but there is no official Yearn documentation linking to this contract.
• Narrative: Public info is mostly market pages and promotional blurbs; we did not find a credible whitepaper, documentation site, or audited bridge backing this specific token.

Some community sources call BSC YFI tokens “wrapped” (meaning a 1:1 representation of Ethereum YFI held in custody). However, a true wrapped asset should provide:

• A verifiable custodian/bridge address holding the underlying Ethereum YFI.
• A documented mint/burn flow that proves 1:1 backing.
• Official references from the origin protocol or a reputable bridge.

We could not locate that evidence for 0x0affe5…f918.

Differentiating from official or pegged versions

• Official Yearn YFI: Ethereum ERC‑20 at 0x0bc529…d93e.
• Binance‑Peg YFI on BSC: Exists under a different contract (commonly used for cross-chain liquidity on BSC). This is not the same as 0x0affe5…f918.
• Conclusion: Don’t assume parity. If a token is truly wrapped, it should point to a known, audited bridge and a redeemable path back to Ethereum YFI.

How to verify a “wrapped” claim (simple checklist)

• Contract metadata: Check BscScan for verified source code, proxy patterns, and any “Ownable” functions (mint, pause, blacklist, maxTx).
• Ownership and permissions: Is the owner a multisig? Can they change fees or mint supply? High‑risk if yes and not transparently governed.
• Tokenomics: Look for transfer taxes, trading cooldowns, or blacklist functions. These can affect execution and exit.
• Bridge proof: Is there a custodian address on Ethereum that holds real YFI equal to BSC supply? Is the bridge reputable and still operational?
• Liquidity: Examine top holders and liquidity pools. Thin liquidity increases slippage and manipulation risk.
• Community docs: Seek an official site, GitHub, audit links, and clear maintainers.

If any of the above is missing, assume it is not a canonical wrapped YFI.

Market presence and where to trade

This BSC YFI shows activity across market trackers and BNB Chain venues. If you choose to trade:

• Decentralized exchanges: PancakeSwap on BSC is commonly used for BEP‑20 pairs.
• Wallet swaps/aggregators: Some mobile wallets (e.g., Bitget Wallet) expose swaps on BSC markets.
• Analytics and trading: You can also track and trade via GMGN.AI’s dedicated token page: https://gmgn.ai/bsc/token/fV1R5sZ5_0x0affe50d637114656f6ba27fa94abf0de260f918

Trading tips:

• Start with a small test buy/sell to detect taxes or transfer failures.
• Set conservative slippage and confirm received amounts before increasing size.
• Watch gas settings and MEV; use limit orders or private relays if available.

Security notes

• Bridge risk: If a token is wrapped, security depends on the bridge custodian. Bridge exploits can de‑peg wrapped assets.
• Contract risk: Centralized admin keys can change fees, pause trading, or mint tokens. Verify who controls the contract.
• Market risk: Meme‑style tokens can swing violently. Position sizing and stoploss discipline matter.

Bottom line

The YFI at 0x0affe50d637114656f6ba27fa94abf0de260f918 on BNB Chain is not the canonical Yearn Finance YFI and does not present clear, verifiable evidence of being an authorized wrapped version. Until proven otherwise with transparent bridging and custody documentation, treat it as a separate, speculative asset. Always verify the contract, understand the permissions, and trade cautiously.

Helpful links

• Yearn Finance official site: yearn.finance
• Official YFI on Ethereum (Etherscan): 0x0bc529…d93e
• BNB Chain token under review (BscScan): 0x0affe5…f918
• Yearn Finance market overview: CoinGecko YFI and CoinMarketCap YFI

Not financial advice. Do your own research and verify contract details before interacting with any token.