Yearn is a financial platform that supports multiple DeFi protocols. It will automatically move positions between the agreements to help savers get the highest financial income. The platform aggregates the Compound, dYdX, Aave, and DDEX agreements. When users deposit, the platform will automatically allocate funds to the agreement with the highest revenue. Then yearn will give the user a proof of rights and interests called yToken, and the user can withdraw the tokens they originally deposited and the corresponding income through ytoken.
YFI will stop mining on July 26. In order to ensure that liquidity is not withdrawn from mining on a large scale, community governance YIP-8 has proposed an additional issuance proposal, halving the weekly additional issuance of each mining pool. Although the proposal received a support rate of more than 80%, it failed because the total vote rate did not meet the minimum requirement of 33%. To ensure that Andre's genius concept and system are not controlled by the previous giant whale account, the YFI project was forked, code-named YFII. YFII adopts a halving and additional issuance mechanism similar to Bitcoin to ensure a more fair distribution of tokens to community members.
The total amount of YFII is 60,000, and each of the three pools is 20,000. The initial state of each pool is 10,000. The output is halved every 7 days. The corresponding proportion of YFII is allocated according to the share of Defi users providing liquidity for each pool. YFII will Complete the distribution within the next 10 weeks.
Full name: DFI.Money
Abbreviation full name: YFII
YFII/USDT transaction: https://www.gx.com/trade/YFII USDT
Official website: https://dfi.money/
Block explorer: https://cn.etherscan.com/token/0xa1d0E215a23d7030842FC67cE582a6aFa3CCaB83
Smart contract: 0xa1d0E215a23d7030842FC67cE582a6aFa3CCaB83