It was launched in July 2020 with the goal of optimizing returns for DeFi investors while conforming to improvements recommended in the YIP-8 upgrading plan.
In the previous 24 hours, DFI.Money has gained 3.38 percent. With a live market cap of $166,848,212 USD, the current CoinMarketCap ranking is #301. It has a maximum circulating supply of 38,596 YFII coins and a circulating supply of 38,596 YFII coins. There are 39,375 YFII coins available.
Table of Contents
DFI.MONEY is a fork of yearn. finance, prominent decentralized finance (DeFi) aggregating software (YFI).
DFI.MONEY has developed additional products accompanied with the modified procedures, the first most notable of which is the Vault, which it touts as its "killer product."
Only by giving liquidity to the protocol can you earn YFII, according to DFI.MONEY. The distribution of tokens is based on the amount of liquidity available, with weekly incentives diminishing. Each one of the two liquidity pools started with a 20,000 YFII allocation.
DFI.MONEY's native token is YFII, a fixed-supply token that liquidity providers earn based on their network engagement. DFI.MONEY's native token is YFII, a fixed-supply token that liquidity providers earn based on their network engagement.
According to the DFI.MONEY website, its protocol is community-owned and does not offer commercial incentives such as developer awards by default.
DFI.MONEY yearn.finance was a hard fork of Andre Cronje's DeFi results analyzer yearn.finance.
Mining and farming of yearn.finance's YFI token stopped in July 2020, and a proposal to preserve liquidity provision from whales received 80% support from protocol members. However, it was not adopted since yearn.finance did not have a quorum of 33%.
As a consequence, a group of consumers planned to construct DFI.MONEY, a hard split of the protocol with its own token, YFII.
While DFI.MONEY plays a similar role in the DeFi marketplace as yearn. finance, it is subject to different protocol regulations for its token, and it has a number of novel capabilities.
Its target audience is users of its predecessor who voted for YIP-8, as well as newcomer DeFi investors who wish to enhance profits by providing capital.
Individuals can engage in one or both of the two liquidity pools, Curve (CFI) or Balancer (BAL), and earn YFII tokens in addition to providing stability.
Since its inception, YFII has grown in popularity as a trade token. As of October 2020, it is available on numerous major exchanges, with trading pairs that include cryptocurrencies, stablecoins, and other DeFi tokens. Binance, OKEx, and Huobi Global are among the exchanges with the highest YFII volume.
The YFII coin is an ERC-20 standard token with a limited supply of 40,000 YFII.
According to DFI.MONEY, YFII has a guaranteed fixed supply of 40,000 units which do not hold the posibility of getting manipulated by developers.
This was accomplished by sending keys for minting fresh tokens to a so-called "blackhole" address, where access to them is lost forever.
Exchange inflows and outflows, paramount and technical differences, the news cycle, and the overall economic climate are all interlinked variables that impact YFII’s price and market cap.
After the sheer appraisal in the field of trading which is around 100% in just a matter of a certain countable transitional month, cryptocurrencies have suffered an intense depreciation due to their uncertain market nature.
Therefore, it's wide enough to quote that DFI.Money YFII tokens have been upgraded to a new all-time high translation volume of almost $4,330.92 U.S Dollars per token.
In a nutshell, YFII has blessed online traders to enjoy trading luxuries globally with the provision of ease through its secure, diverse and viable transactional policies.
DFI.Money YFII Official Website –https://dfi.money/#/
DFI.Money YFII Twitter –https://twitter.com/dfimoney
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