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.
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