An IFO is a way for DeFi (Decentralized Finance) projects to raise funds. Imagine you can "plant" your cryptocurrency on a special platform and "harvest" rewards. An IFO is like using this "planting" feature to grow interest in a new DeFi project. Investors can put their crypto towards the new project and earn rewards in the form of the project's new tokens. It's a way for the project to raise capital and for investors to get in on the ground floor.
