So, what is the 圜RV? 圜RV is similar to a set of yToken (yUSDT, yUSDC, yTUSD, yDAI) indexes. When depositing the yUSDT, the 圜RV can be obtained. These deposited stablecoins are converted to yToken, users to obtain 圜RV tokens. There is a yPool liquidity pool on Curve, in which you can deposit USDT, USDC, TUSD as well as DAI on yPool. In short, the current Yearn Finance is the revenue optimizer for token storage. Yearn optimizes the storage proceeds through an algorithm, due to the different interest rates of the different lending protocols. Storage interest is available by depositing assets like USDC into lending protocols such as Compound, Aave. Users can generate yToken, and get yToken (Yield Optimized Tokens). To understand YFI mining, first you should understand yToken, 圜RV tokens. Currently Yearn is a community system, so if most of the later community members support the additional issue, then the tokens will not be limited to the current 30,000 total. All the tokens were distributed among the users of the project. There is no VC quota, or even team rewards. To ensure fairness in distribution, the tokens are not pre-mined. The release of YFI tokens is an extreme example where 100% of its supply is distributed within nine days. The current total of 30,000 YFI tokens are distributed to users. YFI Token SupplyĮarly Yearn had three liquid pools, each assigned 10,000 YFI. The value of governance token mainly comes from the prosperity and health of their governance ecology. YFI is the governance token of Yearn Finance. Source: CypherHunter Number of Fans on Each Social Media Source: CoinGecko About Yearn Finance Token-YFI Token Economics Overview Multi-signed ownership contains only active members of the DeFi community, and Cronje is not part of the signers. To make any changes to the agreement, at least six of these nine members need to be approved by the Multi-sig wallet. The nine members are the closest members to the board. Initially, only founder Cronje had the right to cast tokens and now it has since expanded to include nine members. The project rebranding has also introduced new products, such as Vaults, StableCredit, yInsure and Earn. Due to the early surge in its token YFI, Yearn Finance is financially healthy in the short term. The project has no fundraising and is distributed entirely through liquid mining. Source: CoinMarketCap VC Fund Back up Yearn Yearn was built together by participants from around the world, and Andre Cronje is simply the creator of the Yearn project. Unlike the current public cognition that Yearn is only developed independently by Andre, the fair and just charm of the Yearn project has attracted a large number of top talents around the world. From early technology enthusiasts to blockchain project consultants to self-hired Yearn Finance creator, Andre Cronje has now become a pivotal core role in the DeFi field. Andre Cronje is from Goldman Sachs and has 20 years of experience in fintech engineering. The soul figure and founder is the famous Andre Cronje. Yearn is designed to lower the entry threshold for DeFi, allowing users to achieve high returns without proactive capital management or volatile asset exposure. Its goal is to simplify the path to the expanding DeFi space for investors unfamiliar with blockchain technology or wishing to invest less than serious traders. It uses automated revenue strategies to give users the maximum profit from yield farming. Yearn Finance is a yield aggregator for decentralized finance (DeFi) investors. About Yearn Finance Overview of Yearn Finance Join the Trading Community: Learn & Earn from Bingbon. 2.3 Holder Wallet Address of YFI(ERC-20).2.1.2 Mechanism of YFI Liquidity Mining.1.4 Number of Fans on Each Social Media.
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