DFI.money YFII Price

What is DFI.money (YFII)?

In the dynamic world of decentralized finance (DeFi), DFI.Money, also known as YFII, stands out as a notable fork of the Yearn Finance (YFI) blockchain project. Launched in July 2020, this platform has carved its niche by implementing the YIP-8 proposal, which was originally rejected by YFI holders. This strategic move not only differentiated DFI.Money from its predecessor but also introduced a unique token economics model.

At the core of DFI.Money's innovation is its native cryptocurrency, YFII. With a fixed supply of 40,000 tokens and a mechanism to prevent the creation of new tokens, YFII ensures scarcity and value stability. The platform's emission schedule is distinctive, featuring a weekly halving, a concept inspired by Bitcoin's (BTC) reward reduction model. This approach to token distribution is aimed at optimizing returns for DeFi investors and maintaining a balanced ecosystem.

DFI.Money extends beyond just a cryptocurrency; it's an aggregator of various lending protocols, directing user deposits towards the most lucrative lending pools. The platform offers two main liquidity pools featuring Curve (CRV) and Balancer (BAL), where users can stake tokens to earn YFII rewards. Additionally, the introduction of the YFII Vault, a yield aggregator for farming pools, allows users to deposit tokens and automatically receive yields based on user-voted strategies.

The governance structure of DFI.Money is its most remarkable feature. Upholding a community-driven ethos, it empowers YFII holders to actively participate in governance by submitting and voting on proposals. This model not only fosters a sense of ownership among its users but also drives the platform's evolution in a direction aligned with its community's interests.

What is unique about DFI.money (YFII)?

DFI.Money (YFII) is unique due to its adoption of the YIP-8 proposal, which was not implemented in Yearn Finance (YFI), its parent protocol. This proposal introduced a weekly halving model for token distribution, akin to Bitcoin's halving mechanism, to ensure fair distribution and maintain scarcity. Additionally, DFI.Money offers a specialized vault for yield farming, allowing traders to earn higher returns through community-voted strategies, and uses iTokens as a proof-of-deposit system​​​​.

Who are the founders of DFI.money (YFII)?

The founder of DFI.Money (YFII) is Andre Cronje. DFI.Money emerged as a hard fork from Yearn Finance, a platform also created by Cronje​​.

Who are the backers/investors of DFI.money (YFII)?

DFI.Money has many partners such as Near, Oasis Foundation, SIL Finance, Binance Chain, Chainlink, Acala, Polkadot, Nest among others.

Where can I buy DFI.money (YFII)?

You can buy DFI.money (YFII) on MEXC, Gate.io, Indodax, Uniswap V2 (Ethereum), LATOKEN cryptocurrency exchanges.