When will YFI Coin (yfii Coin Issuance Price) be?
YFI coin is an open-source decentralized financial protocol that utilizes an aut
YFI coin is an open-source decentralized financial protocol that utilizes an automated market maker algorithm to provide competitive prices. Yearn has already issued governance tokens yCRV, with a current circulation of 10 million tokens.
Since April 2020, Yearn has been conducting liquidity mining activities and has launched projects such as liquidity pool dividends, collateral rewards programs, and staking rewards. According to information released by Yearn, YFI has accumulated over $600 million in capital inflows. In the past month, Yearn has supported DeFi applications on Uniswap and SushiSwap.
So what is Yearn? It can be traced back to January 2019 when yearn.finance was an Ethereum-based lending platform. Its founder Andre Cronje stated, “We are building a new DeFi protocol to solve the pain points of existing DeFi projects.”
yfii Coin Issuance Price
According to official news, the yfii coin issuance price is 0.3 USDT with an initial total supply of 100 million tokens, and the current total supply is approximately 11,000 tokens. According to community members, yfii is currently undergoing code audits on Github and is under development, with more information to be announced in the future.
It is understood that YFI is the governance token of yearn.finance (YFII). YearnFinance aims to create a DeFi platform where users can obtain stable income without transaction fees and earn interest through mining.
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