Buy APY.Finance (APY)
What is APY.Finance?
APY.Finance is a decentralized finance (DeFi) platform designed to provide users with a secure and profitable means to earn passive income through optimized yield farming strategies. It offers a single access point for users to deposit their liquidity, subsequently managing yield farming by pooling user liquidity and distributing gas costs.
How does APY.Finance work?
APY.Finance operates using smart contracts on the Ethereum blockchain to automate yield farming strategies. The platform leverages algorithms for automated yield farming, gas cost distribution, and community-driven risk assessments. Users' tokens are deposited into a single pool of liquidity, with smart contracts executing strategies to maximize earnings by allocating assets to the most profitable pools.
What are the potential use cases for APY.Finance?
The primary use cases for APY.Finance include:
- Yield Farming: Automating strategies to maximize earnings.
- Liquidity Management: Efficient oversight of liquidity pools for optimising returns.
- Risk Assessment: Community-driven scoring to ensure strategy safety.
Its applications extend to DeFi platforms, cryptocurrency investments, and integration within blockchain ecosystems, primarily focused on the finance industry for enhancing yield farming capabilities.
What is the history of APY.Finance?
APY.Finance was founded in August 2020 by a team with a background in blockchain and DeFi. Initially launched on the Kovan testnet, the platform rapidly gained attention, winning 2nd place at HackMoney 2020. Following a successful seed funding round of $3.6 million and launching a liquidity mining rewards program, APY.Finance structured a three-phase decentralization roadmap to increase community control and strategy implementation. The platform collaborates with notable investment firms and promotes community involvement through governance tokens (APY) and voting mechanisms.
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Frequently Asked Questions (FAQs)
What is the current price of APY.Finance (APY)?
The APY.Finance price is $0.00167678 AUD, representing a -11.24% from the day prior.
Where is the best place to buy APY.Finance (APY) in Australia?
The best place to buy APY.Finance (APY) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell APY.Finance (APY) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of APY.Finance (APY)?
The trading volume of APY.Finance (APY) is $1.4K AUD in the last 24hrs, representing a -11.24% from the day prior.
How can I buy APY.Finance (APY)?
APY.Finance (APY) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of APY.Finance (APY)?
The current market cap of APY.Finance (APY) is $111.6K AUD.
Can I convert APY.Finance (APY) to cash?
Yes - With Coinstash you can convert your APY.Finance (APY) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many APY.Finance (APY) are there?
The current circulating supply of APY.Finance (APY) is 66.5M.
Is Coinstash a safe place to buy APY.Finance (APY) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling APY.Finance (APY) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.