What is yfii (yefi)?
yfii is the token of the decentralized finance protocol yFi, which provides an
yfii is the token of the decentralized finance protocol yFi, which provides an open platform for uncollateralized lending. Its products include a lending market, liquidity mining, yield aggregator, and automated market maker applications; as well as asset management and trading markets.
What is yfii? It is a new DeFi protocol based on smart contracts and running on the blockchain, aiming to solve various issues in the DeFi space – high fees, lack of interoperability and composability, and impermanent loss. yfii is set to become one of the largest projects in the DeFi field, offering services to all participants for returns.
What is yefi?
According to official information, the decentralized finance protocol Yield Farming (YFII) launched a token called “yefi” on July 18th. “yefi” is a decentralized lending market built on the Ethereum blockchain. Currently, it offers an annual interest rate of about 5% and has already been adopted by some mainstream projects. yearn.finance is an open-source platform that allows users to create their own stablecoins like USDT and yDAI. Its main features include trading fee rebates and liquidity mining.
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