Buy DFI.money (YFII)
What is DFI.money?
DFI.money, symbolised by YFII, is a decentralized finance (DeFi) platform that is a fork of the Yearn.Finance (YFI) protocol. It focuses on optimizing returns for DeFi investors by implementing strategies like the YIP-8 proposal and is built on the Ethereum blockchain. Its primary aim is to maximize yield farming through automated processes and community governance.
How does DFI.money work?
DFI.money operates using smart contracts on the Ethereum blockchain, adhering to Ethereum's Proof of Stake (PoS) consensus mechanism. YFII, the native ERC-20 token, acts as a governance token, allowing token holders to vote on protocol changes. The platform automates yield farming strategies via Vaults, reallocating assets for optimal returns. It supports liquidity provision, staking, and decentralized borrowing and lending.
What are the potential use cases for DFI.money?
DFI.money is primarily used for yield farming, decentralized finance transactions, and governance participation. Its Vaults optimize yield farming by reallocating funds to the most profitable protocols. It facilitates community-driven governance and can potentially enhance financial inclusion by providing DeFi services to underserved regions.
What is the history of DFI.money?
DFI.money originated as a hard fork of Yearn.Finance following the rejection of a YIP-8 proposal intended to modify the token supply. It was launched in July 2020 by a developer group known as White Noise, with the aim to adopt YIP-8's strategies. The project quickly grew in popularity, reaching a significant market cap and price milestones soon after launching. The platform continually evolves with its community governance and market-driven strategies.
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Frequently Asked Questions (FAQs)
What is the current price of DFI.money (YFII)?
The DFI.money price is $576.53 AUD, representing a +0.93% from the day prior.
Where is the best place to buy DFI.money (YFII) in Australia?
The best place to buy DFI.money (YFII) 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 DFI.money (YFII) 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 DFI.money (YFII)?
The trading volume of DFI.money (YFII) is $2.6M AUD in the last 24hrs, representing a +0.93% from the day prior.
How can I buy DFI.money (YFII)?
DFI.money (YFII) 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 DFI.money (YFII)?
The current market cap of DFI.money (YFII) is $22.5M AUD.
Can I convert DFI.money (YFII) to cash?
Yes - With Coinstash you can convert your DFI.money (YFII) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many DFI.money (YFII) are there?
The current circulating supply of DFI.money (YFII) is 39.7K.
Is Coinstash a safe place to buy DFI.money (YFII) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling DFI.money (YFII) 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.