Buy YfDAI.finance (YF-DAI)
What is YfDAI.finance?
YfDAI.finance is a permissionless decentralised finance (DeFi) ecosystem that provides various financial services such as staking, farming, lending/borrowing, SafePredict, insurance, and features its own decentralised exchange (DEX) called SafeSwap. The platform is built with a mission to enhance the DeFi space by de-risking the purchase of new projects through rigorous due diligence and adherence to strict protocols.
How does YfDAI.finance work?
YfDAI.finance operates on the Ethereum blockchain, utilising its decentralised network to ensure secure and transparent financial services. It employs smart contracts to automate and manage its DeFi services, including staking, farming, lending/borrowing, and insurance, ensuring secure, transparent, and immutable transactions. Ethereum's shift to a Proof of Stake (PoS) consensus mechanism provides an energy-efficient backbone that supports YfDAI.finance's operations.
What are the potential use cases for YfDAI.finance?
YfDAI.finance supports a comprehensive DeFi ecosystem with several use cases:
- Lending and Borrowing: Offers platforms for instant liquidity and earning attractive interest rates.
- Staking and Yield Farming: Users can participate in staking to earn rewards or contribute to liquidity pools.
- Decentralised Exchange (DEX): The SafeSwap DEX facilitates secure and transparent cryptocurrency trading.
- Financial Inclusion: Aims to provide services to unbanked populations and plans integration with e-commerce for cryptocurrency transactions.
- Blockchain Services: Collaborations with other DeFi projects enhance liquidity and network security.
What is the history of YfDAI.finance?
YfDAI.finance emerged as a community-driven DeFi platform focusing on security, transparency, and user-friendly services. Despite the founders maintaining a level of anonymity, significant efforts have been made to establish strategic alliances within the DeFi landscape. The platform's governance token, YF-DAI, enables holders to influence the platform's future and partake in yield farming and other financial benefits. Since its launch, YfDAI.finance has been committed to expanding its services and market presence within the DeFi sector.
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Frequently Asked Questions (FAQs)
What is the current price of YfDAI.finance (YF-DAI)?
The YfDAI.finance price is $37.2 AUD, representing a -2.71% from the day prior.
Where is the best place to buy YfDAI.finance (YF-DAI) in Australia?
The best place to buy YfDAI.finance (YF-DAI) 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 YfDAI.finance (YF-DAI) 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 YfDAI.finance (YF-DAI)?
The trading volume of YfDAI.finance (YF-DAI) is $35.8K AUD in the last 24hrs, representing a -2.71% from the day prior.
How can I buy YfDAI.finance (YF-DAI)?
YfDAI.finance (YF-DAI) 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 YfDAI.finance (YF-DAI)?
The current market cap of YfDAI.finance (YF-DAI) is $731.9K AUD.
Can I convert YfDAI.finance (YF-DAI) to cash?
Yes - With Coinstash you can convert your YfDAI.finance (YF-DAI) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many YfDAI.finance (YF-DAI) are there?
The current circulating supply of YfDAI.finance (YF-DAI) is 20.6K.
Is Coinstash a safe place to buy YfDAI.finance (YF-DAI) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling YfDAI.finance (YF-DAI) 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.