What does yfii coin mean (yfii coin issuance price)?
What does yfii coin mean? According to official news from yfii.finance, yfii co
What does yfii coin mean? According to official news from yfii.finance, yfii coin’s English full name is YFII. Its main feature is the issuance and destruction of yfii tokens, with mining rewards proportional to the annual yield. At the same time, this token has other features such as participating in liquidity mining, collateralized borrowing, and various financial applications.
It is understood that yfii (also known as YFII) is a decentralized cross-chain DeFi protocol, currently supported and under development by multiple project teams, including platforms such as Uniswap, Compound, Aave, and MakerDAO, which are already trading on the Ethereum network.
What is the issuance price of yfii coin?
yfii coin is a decentralized community-driven DeFi project, mainly composed of three components:
1. Protocol fees;
2. Issuance price.
Specifically, the token has a total supply of 100 million, with 10% used for mining rewards to yFI holders and support team members.
3. Each transaction burns 30%; 5% is allocated to contributors; 4% goes to the development fund; 8% is provided to investors; 3% serves as liquidity incentives.
4. Platform token, currently valued at approximately $1 billion, accounting for 70% of the market.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/23516/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
How Coinbase’s Vision Can Accelerate UK’s Cryptocurrency Industry
On April 18th, Coinbase emphasized in a blog article on April 16th that the UK can \”accelerate\” its cryptocurrency industry and become the \”innovation center of the Web3 economy\”.
04/18/202389 -
What is Bitcoin (what form of digital currency is Bitcoin)
According to LongHash, Bitcoin is a type of digital asset. In the field of Cryptocurrency, there are mainly two statements: one is asymmetric cryptocurrency assets, the other is a value storage means or unit of account, and the other is point-to-point payment; Another view is that this “Electronic cash” approach also has risks – because it relies on intermediaries. Therefore, Bitcoin belongs to the asymmetric category (i.e. decentralized and anonymous), but is not a true form of currency What form of digital currency is Bitcoin?According to media reports, in the months since the birth of Bitcoin, more and more people have begun to pay attention to digital currency. Since 2013, over 4 million people have purchased Ethereum (ETH) worth around $1 million, with a total value of nearly $10 million. Although Bitcoin is currently the only cryptocurrency asset that can be used as a legal currency and has a stable price, its issuer has not conducted any relevant research, and…
08/07/202389 -
Bitpanda Launches Public Beta for Pantos Token Protocol
On February 15, it was reported that the multi-chain Token protocol Pantos developed by Bitpanda, the Austrian cryptocurrency trading platform, opened the publ…
02/15/2023121 -
Volatility in Cryptocurrencies and the Importance of Risk Control
According to the latest data from CoinGecko, MKR is now quoting US $613.34, down 21.1% in 24 hours. The market fluctuates greatly. Please do a good job in risk…
03/11/2023146 -
Decentralized Domain Name Platform SPACE ID Reaches 1 Million Registrations
On April 19th, as of 21:00 Beijing time on April 19th, the total registration volume of. bnb and. arb domains under the decentralized domain name platform SPACE ID has exceeded 1 m
04/19/2023104 -
Development of Web3 Game Console: The NFT Cube by SinVerse Studios
On April 11th, it was reported that Web3 game studio SinVerse Studios received a multi million dollar investment from DWF Labs, with the exact amount not disclosed. Through the str
04/11/202397 -
Understanding the Recent Surge of Active BTC Supply – Exploring Glassnode Data
According to reports, Glassnode data shows that the final active supply of BTC in 5-7 years reached a 7-month high, with a value of 10496160.395 ETHs.
ETH\’s last active supply reac03/21/2023105 -
Bitcoin Opportunity Fund: Aiming to Cater High Net Worth Investors
According to a report from Bloomberg, multiple investors plan to raise $100 million to launch the Bitcoin Opportunity Fund, aimed at catering to high net worth investors who want to invest in the world’s largest cryptocurrency. Several investors plan to raise $100 million to launch Bitcoin Opportunity Fund Analysis based on this information:In a recent report from Bloomberg, it was revealed that a group of investors are planning to launch the Bitcoin Opportunity Fund to raise $100 million. The objective of this fund is to cater to high net worth investors who are interested in investing in the world’s largest cryptocurrency, Bitcoin. This development comes at a time where Bitcoin is experiencing a tremendous surge in value and interest, with its price hitting all-time highs in the past few months. The Bitcoin Opportunity Fund is expected to provide a unique investment opportunity for high net worth investors by providing exposure to the potential benefits of investing in Bitcoin. The goal…
03/17/2023106 -
Bitcoin Ordinal Surges as NFT Popularity Increases
According to reports, Dune data shows that Bitcoin ordinal has minted 520200 NFTs in the past two months, while the number of NFTs minted five weeks ago was less than 50000. Bitcoin ordinal NFT has over 500000 foundries Analysis based on this information:The latest reports reveal that the minting activity of Bitcoin ordinal has increased significantly in the past two months. According to Dune Data, the blockchain analysis platform, Bitcoin ordinal has minted 520200 non-fungible tokens (NFTs) during this period. This marks a huge surge in the number of NFTs minted as compared to the previous months. Five weeks ago, the number of NFTs minted by Bitcoin ordinal was less than 50000, indicating a remarkable growth in the popularity of NFTs in recent times. The booming NFT market has attracted a lot of attention recently due to its potential for revolutionizing the art and collectibles industry. NFTs are digital assets that are stored on blockchain networks and provide a certificate…
03/19/2023129 -
What is darmacash in Chinese (what does damsel mean in Chinese)
<img src='https://img.doulai.com/pic/enpic.php?k=darmacash What is it in Chinese? Imgalt=darmacash What is it in Chinese? Images} Darmacash What is a coin in Chinese? Cash (DRAC) is translated as DASH in Chinese, and its full English name is Darmacash. Simply put, it is a token on a blockchain network controlled and owned by a user named “Dala”. Its working method is similar to the mining algorithm of Bitcoin, which rewards users by setting a fixed number of new currencies in blocks. If you want to purchase digital assets, you can transfer them to this address by paying transaction fees. However, because there is no pre approval function, you can only use USDT and ETH, two Stablecoin, to purchase them. According to official sources, DAMSEL is a blockchain based network system. It uses a special encoding method called damsel to perform transactions and data storage, which implements encrypted computing through a new method called “scaling”. This technology allows users to run nodes without making…
-
Ripple’s CTO David Schwartz Refrains From Commenting on Bank Collapse
It is reported that David Schwartz, the chief technology officer of Ripple, said in response to the question about whether the company had contacted the failed Silicon Valley bank that the official statement of Ripple would be released soon. He will not make any personal comments on this matter before making a statement. The collapse of Silicon Valley banks has shaken the global financial markets, but as of the writing of this article, Ripple has not provided any statement on whether there is any capital exposure in Silicon Valley banks. (u.today) Ripple CTO: An official statement will be issued soon on the situation of banks in Silicon Valley Analysis based on this information:The recent collapse of a Silicon Valley bank has sent shockwaves throughout the global financial markets, raising questions about the extent of its impact on Ripple, a leading blockchain-based payments platform. As the market awaits a statement from Ripple, David Schwartz, the company’s chief technology officer, has remained…
03/12/2023116 -
What is the spot price of EOS now?
What is eos spot? What is eos spot? The Chinese name of eos spot is EOS, which i
08/10/202392 -
Galxe collaborates with Ava Labs to integrate OAT onto Avalanche
On March 22, the Web3 infrastructure service provider Galxe announced a partnership with Avalanche blockchain developer Ava Labs to integrate its on-chain achievement token (OAT) o
03/22/2023111 -
Wuxi’s Three-Year Action Plan for the Meta Universe Innovation and Development
According to reports, according to the official website of Wuxi Municipal Bureau of Industry and Information Technology in Jiangsu Province, recently, the “Three Year Action Plan for the Innovation and Development of Wuxi’s Meta Universe (2023-2025)” was released. By 2025, Wuxi will strive to become a “meta technology” innovation highland, “meta industry” development highland, and “meta work” creation highland in the field of Meta Universe. The technological innovation ability, core industry scale, and application demonstration of Meta Universe are at the leading level in China, The universe has become a new engine to boost the development of our city’s digital economy. Wuxi Releases a Three Year Action Plan for Innovation and Development of Metaverse to Strengthen Key Technologies in Metaverse Analysis based on this information:The Wuxi Municipal Bureau of Industry and Information Technology in Jiangsu Province has recently released a Three-Year Action Plan for the Innovation and Development of Wuxi’s Meta Universe (2023-2025). The plan outlines Wuxi’s objectives and vision…
03/16/2023109 -
Silicon Valley Bank Trading Suspension and Pre-Market Decline
It was reported that the trading of Silicon Valley Bank (SIVB. O) was temporarily suspended, and the pre-market decline narrowed to 40%.
The trading of…
03/10/2023106 -
What is the origin of the Wing Bit miner e10 (How to restore the factory settings of the Wing Bit miner)
What is the origin of the Wing Bit miner e10? According to official sources, th
08/19/202384