What is yfi, the coin of which project? (What is yfim coin?)
What is yfi, the coin of which project? According to official sources, yfi is t
What is yfi, the coin of which project? According to official sources, yfi is the decentralized investment platform created by the yearn.finance (YFI) team. The project has two main features: 1. Providing risk-free yield farming services; 2. Supporting liquidity mining, where users can earn profits by depositing ETH/USDT, USDC/USDT, and DAI/USDT; 3. Providing trade and mining services, allowing assets to be lent or exchanged for other cryptocurrencies or fiat currencies.
From the yfi introduction, we can see that YFI is the governance token of the yearn protocol, with a total supply of 1 billion tokens. 50% of the tokens are allocated for liquidity and developer rewards; 10% is allocated to the team treasury for early investors; 5% is allocated for liquidity mining rewards; 3% is allocated for advisory fees and ecosystem development, etc.
What is yfim coin
According to official sources, what is yfim coin? It is a decentralized financial protocol. Its goal is to establish a blockchain network that can interoperate with other DeFi applications. Developers of yfim can earn tokens by setting fixed or floating interest rates for liquidity providers, and earn rewards by using these assets as collateral for lending and mining within the protocol. yfim also introduces a series of governance mechanisms, such as voting and dividends. This feature will be officially launched in the coming weeks, with the specific time to be announced on the official website.
This article and pictures are from the Internet and do not represent aiwaka's position. If you infringe, please contact us to delete:https://www.aiwaka.com/2023/08/12/what-is-yfi-the-coin-of-which-project-what-is-yfim-coin/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
What is the Software for Absenteeism Managers (How Absenteeism is Handled)
What is the software for absenteeism managers? According to official sources, th
-
The Implementation Flaw in UST’s Vision
On February 14, it was announced that the encryption KOL Miles Deutsche released a tweet saying that UST has always had the right vision, but the implementatio…
-
Skyland Ventures Invests in Taiko: A Game-Changer in the Ethereum Network
On April 14th, according to the official blog, Skyland Ventures, a Japanese cryptocurrency fund, announced its participation in the financing of Taiko, an Ether
-
Table of Contents
According to reports, the US Securities and Exchange Commission (SEC) is preparing to shift to DeFi regulation when reopening proposed regulations, involving a
-
Ethereum Sidechain SKALE Q1 Report: Monthly average active users are 65000, saving over $100 million in gas costs per month
According to reports, Ethereum side chain SKALE has released an ecological report for the Q1 2023 project. During the quarter, SKALE had an average of 65000 active users/wallets pe
-
Bank of England Successfully Tests Distributed Ledger Technology for Large Interbank Transactions
According to reports, the Bank of England has successfully tested the use of Distributed Ledger Technology (DLT) in running large and complex interbank transact
-
Polygon Labs’ zkEVM Goes Open Source: What You Need to Know
On March 28th, Polygon Labs announced that its Polygon zkEVM has been fully open source under the AGPL v3 license. The trial version of the main network of Poly
-
#Funding Structure of DAOs: Analyzing Labor Allocation and Its Impact on Success
On March 30th, a research report on the funding situation of DAO released by the blockchain research institute Messari showed that with the development of DAO,
-
What is Zaolian Coin?
What is Zaolian Coin? Zaolian Coin is a cryptocurrency developed by Muyuan Netw
-
The Growing Popularity and Value of ETH 2.0
It is reported that the total number of pledges of ETH 2.0 has exceeded 17.9728 million, which is 17972764. According to the current market price, the value is about 37.864 billion