What Is DFI.Money (YFII)?
DFI.Money is about to reach maximum supply in 2021. This will eventually lead to its price change. But is it a good cryptocurrency to invest in this year?
DFI.Money is a DeFi platform, which is a fork of yEarn Finance (YFI). Its purpose is to build new products based on automated marketing making, leveraged trading, and liquidity provision. This platform moves one’s funds between protocols in order to get the highest return possible.
YFII cryptocurrency is an ERC-20 token, which is required to control the Yearn protocols. This coin is a native token of DFI.Money network. Launched in July 2020, it was completely distributed during the first 10 weeks after its release.
DFI.Money Price Live Data
To make price dynamics data more understandable to all traders, we present to you a YFII price chart. Study how DFI.Money price changes to make an investment decision.
On the graph, you will find DFI.Money live trading stats in different colors. The green color visualizes the increase of the YFII coin price in USD, the red one — its decrease. The horizontal axis presents the time frame, which allows you to see the exact period when the price changed. The vertical axis represents the price scale.
DFI.Money Exchange Rates
DFI.Money price peak was not long after its launch, in 2020. Back then, it reached $9,075 per coin. This happened in less than a month. In August 2020, the price per coin was about $1,000. During the first half of 2021, the YFII price was within the $1.500-$2.500 range. Today, it mostly depends on the demand and supply of the coin on the market.
How to Convert DFI.Money
In order to convert YFII crypto to whatever cryptocurrency you prefer, here are the steps you need to follow:
Step 1. Choose what you wish to exchange and specify the cryptocurrency you want to convert to.
Step 2. Enter the number of coins you wish to buy or sell in one of the fields. You only need to fill out one field; our algorithms will fill the other one automatically.
Step 3. Enter the wallet address where you want the funds to arrive and click the “Exchange” button.
Step 4. Send the required number of YFII coins using the special one-time deposit address the platform provides you with.
Step 5. The transaction starts and will take 5-30 minutes to complete at the best rate possible. If something goes wrong, we will inform you of what to do next.
Step 6. After the transaction is complete, you can see the details on the “Completed” page.
Can You Mine DFI.Money?
YFII coin is a mineable crypto asset. A trader can also get it via farming through several pools. There are three options:
- You can add 98%:2% DAI and YFI to the Balancer protocol. They will be further exchanged for BAL tokens and then for YFI.
- Stake your YFII in the “governance” pool.
- Deposit yCurve tokens to the Balancer exchange.
If a trader doesn’t want to farm these coins, there is an opportunity to buy them on crypto exchanges like Godex. Here, you can earn money by buying and selling coins at the best exchange rates on the market.