What is YFI Coin (yfiu)?
The YFI coin is the governance token of the decentralized lending protocol year
The YFI coin is the governance token of the decentralized lending protocol yearn.finance. It allows users to seamlessly mine and earn profits on the DeFi platform through an automated market-making mechanism. The value of its token YFI lies in its governance function, which rewards liquidity providers and supports liquidity pools. It has a total supply of 21 million tokens (with 10% allocated to liquidity providers), of which only 2% will be locked in the system, and the remaining 20% will be held by the community. In addition, Yearn has also launched the governance token YFI, which is currently listed on mainstream exchanges such as Bittrex, Coinbase, and Huobi.
What is yfiu Coin?
yfiu is the governance token of DeFi projects Aave and Compound. YFIU is being liquidity-mined on the decentralized exchange dFinance, and the obtained YFI will be burned and distributed to liquidity contributors (stakeholders). yfiu is currently being launched on the Ethereum mainnet. It is reported that the project, codenamed “yfi,” aims to introduce token economics in the coming months, including a platform for incentivizing the ecosystem and a decentralized governance system. Furthermore, yfiu has features such as scalability and community control, making it more transparent.
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