Price for today
437 USD -4,32%
0,00000000 BTC -4,32%
Name: DFIMoney
Symbol: YFII
Circulating supply: 0 $
Max supply: 0 $
Price: 437 $
Volume 24h: 88356 $
Market Cap: 19.094 M $
Percent change 24h: -4,3 %
DFI.MONEY (YFII) is a strategic fork of the renowned DeFi platform Yearn.finance, launched in July 2020 to adapt to the evolving DeFi landscape through the implementation of YIP-8 proposals. It introduces enhancements such as the innovative Vault, described as a flagship product aimed at maximizing DeFi investors' returns. YFII, the platform's native token, is crucial within the ecosystem, used predominantly by liquidity providers who earn it by interacting with various network protocols. This token not only facilitates governance but also plays a key role in the operational dynamics of the platform, enhancing user engagement and investment opportunities in the decentralized finance space.
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.
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 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.
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.
YFII coin is a mineable crypto asset. A trader can also get it via farming through several pools. There are three options:
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.
DFI.Money platform was originally created as a farming aggregator. It still operates as such, but its spectrum of services has expanded since then. In 2021, this platform operates with smart contracts and vaults.
Vault is one of the major products of this network. It is a yield aggregator, required to use farming pools with this currency’s coins. The essence is simple. Traders and users deposit some amount of token. After that, they got a notification that the farming process was complete. Users can also write and share farming strategies. The latter ones are put to vote by the members of the farming community. The one that gets the biggest amount of votes will be used during the next farming.
This ERC-20 token has, like any other token, its own features and unique elements. Here are some main peculiarities of this coin you should keep in mind:
The maximum supply of YFII is 39,375 coins. By the middle of 2021, 98% of these coins are already in circulation. No pre-sale or early distribution of tokens from the total supply ever happened.
During the launch of the coin, it was announced that the developers won’t increase the maximum supply of YFII. This is required to avoid inflation. The distribution of tokens is based on liquidity provision, while the reward for it decreases every week.
According to Digitalcoinprice experts, expect the price per coin to increase up to 2028, when, they assume, it will reach a $11.000 point. This means that DFI.Money can be a profitable long-term investment. Still, don’t forget that if the price dynamics of a certain coin doesn’t satisfy you, there is always an option to sell it and diversify your portfolio with something else.
