What is DFI.Money (YFII) Coin
DFI.MONEY, also known as YFII, is a fork of popular decentralized finance (DeFi) aggregator platform yearn.finance (YFI). Launched in July 2020, it aims to optimize returns for DeFi investors while adhering to changes proposed in an upgrade plan called YIP-8.
In addition to protocol changes, DFI.MONEY has also released new products, chief among which, the Vault, it describes as its “killer product.” The native token of DFI.MONEY is YFII coin, a fixed-supply token which liquidity providers earn in accordance with their network interaction.
- DFI.Money (YFII) is a Decentralized Finance (DeFi) platform which aims to build products on aggregated liquidity provision, leveraged trading, automated marketing making, and more.
- DFI.Money (YFII) is a fork of yearn.finance (YFI), after yEarn Improvement Proposal #8 (YIP-8) which proposed to prolong the minting of the platform utility token YFI by another 2 months and with a weekly-halving emission curve was rejected.
- The YFII token is the native utility token of the DFI.Money platform. Users can earn it by contributing liquidity to DFI.Money’s aggregated liquidity pool, and use the token for platform governance.
- DFI.Money currently provides a profit optimizing service for lending providers, moving providers’ funds between lending protocols such as Aave, and Compound autonomously for highest return. Future strategies are being developed in its vaults section.
How To Buy DFI.Money (YFII) Coin
1.Step: Everyone who is planning to invest in or benefit from the advantages of cryptocurrencies wonders the answer to Where to buy Yfii coin question. First, you need an online wallet to buy cryptocurrencies. You need to sign up to Binance exchange from here, which is preferred globally to buy coins and you can buy coins with fiat currencies. You can quickly access many assets and trade types such as altcoins, future markets, and margin by creating a Binance account.
2.Step: Complete your registration by typing an email to the email section or typing your phone number on the section available on the mobile tab. Click/tap on the “Buy Crypto with Your Credit Card” option after the registration and verify your identity.
3.Step: Continue the process by typing the amount you would like to invest and your preferred cryptocurrency. Keep in mind that for security reasons, your credit card/debit cardholder information must match with the name available on your account. If you would like to buy cryptocurrencies with a wire transfer, you need to follow the Buy Crypto > Third-Party Payment options to pick your preferred fiat currency to buy cryptocurrencies.
4.Step: If the cryptocurrency you are planning to buy is not available on the list, buy USDT “You can always redeem 1 USDT Coin for US $1.00”. You can buy any coin you want with USDT by following Buy-Sell > Classic steps. We have provided the answer to How to buy Dfi.money coin, now you can view the cryptocurrencies you bought by clicking on the wallet summary available on your Binance account. You can sell your assets when their value increases, or you can withdraw them to your bank account in desired fiat currency.
How Much is a DFI.Money (YFII) Coin
DFI.Money (YFII) coin prices are updated instantly in USD, Euro, Sterling currencies in the following table.
DFI.Money (YFII) Coin Review
You can learn more about DFI.Money (YFII) coin reviews and information on cryptocurrencies by visiting their official page available in the following.
Website https://dfi.money Github https://github.com/yfii Medium https://dfi-money.medium.com/ Documentation https://docs.dfi.money/ Telegram https://t.me/yfiifinance Discord https://discord.gg/XQ4wnmz