DFI.money (YFII) price has increased today.
The price of DFI.money (YFII) is $417.70 today with a 24-hour trading volume of $4,279,073.83. This represents a 1.00% price increase in the last 24 hours and a -1.50% price decline in the past 7 days. With a circulating supply of 40 Thousand YFII, DFI.money is valued at a market cap of $16,533,895.
What is DFI.Money?
DFi.Money, originally known as YFII, is a yield farming aggregator. This project is a fork of yearn.finance, but with Yearn Improvement Proposal 8, or YIP-8 implemented. This means that unlike the original YFI protocol, DFI.Money halves the weekly supply of governance tokens. The governance token can be obtained through yield-farming.
What are YFII tokens?
YFII tokens are DFI.Money’s native governance tokens. As the protocol is developed further, YFII tokens will be used to shape the protocol’s future. YFII tokens can be staked to earn the protocol’s fees in the form of more YFII tokens.
The total supply of YFII is 40,000 and has been completely distributed over a 10 week period. Using a weekly halving basis, 20,000 tokens were emitted in the first week, distributed equally to stakers in both yCRV pools and YFII-BAL liquidity pools.
yCRV could be obtained by depositing liquidity in Curve Finance’s yPool, and YFII-BAL pool tokens are obtained by providing liquidity to the 98% / 2% YFII-BAL pool on Balancer.
How does DFI.Money work?
YFII is a yield aggregator for cryptocurrency assets that aims to achieve the highest yield using a set of yield farming strategies. These yield farming strategies can be developed by anyone to be voted upon. The strategies with the highest votes from the community will be implemented.
Users can choose to deposit a wide range of assets, including stablecoins and Ether, into any one of DFI.Money’s vaults. Once a deposit has been made, users will receive a corresponding amount of iTokens which represent their claim on the assets deposited. The iTokens will bear interest, allowing users to receive more assets than they have deposited upon withdrawal.
The iTokens do not need to be redeemed and can be exchanged on the market. The price of iTokens with respect to the original asset (for example iUSDT to USDT) is always above 1 and will continue increasing as the vault continues to generate yield. They can also be further staked into other yield-farming programs to earn even more returns.
How do I get YFII tokens?
Besides that, you can still earn YFII tokens through staking on the DFI.Money platform. Users can stake their existing YFII into the available pools to earn more YFII. To know more about this and other yield farming programs, you may head over to our Yield Farming page.
Where can you buy DFI.money?
YFII tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade DFI.money is Deepcoin, where the most active trading pair YFII/USDT has a trading volume of $88,672.50 in the last 24 hours. Other popular options include DigiFinex and OKX.
What is the daily trading volume of DFI.money (YFII)?
The trading volume of DFI.money (YFII) is $4,270,957.85 in the last 24 hours, representing a 8.90% increase from one day ago and signalling a recent rise in market activity.
What is the all-time high for DFI.money (YFII)?
The highest price paid for DFI.money (YFII) is $9,251.70, which was recorded on Sep 01, 2020 (about 3 years). Comparatively, the current price is -95.50% lower than the all-time high price.
What is the all-time low for DFI.money (YFII)?
The lowest price paid for DFI.money (YFII) is $97.84, which was recorded on Aug 03, 2020 (about 3 years). Comparatively, the current price is 325.30% higher than the all-time low price.
What is the market cap of DFI.money (YFII)?
Market capitalization of DFI.money (YFII) is $16,533,895 and is ranked #701 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of YFII tokens (40 Thousand tokens are tradable on the market today).
What is the fully diluted valuation of DFI.money (YFII)?
The fully diluted valuation (FDV) of DFI.money (YFII) is $16,645,373. This is a statistical representation of the maximum market cap, assuming the maximum number of 40 Thousand YFII tokens are in circulation today. Depending on how the emission schedule of YFII tokens are designed, it might take multiple years before FDV is realized.
How does the price performance of DFI.money compare against its peers?
With a price decline of -1.70% in the last 7 days, DFI.money (YFII) is underperforming the global cryptocurrency market which is up 1.50%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.
What is the market sentiment of DFI.money today?
The community is bullish as more than 60% of users are feeling good about DFI.money (YFII) today.
How to add DFI.money (YFII) to MetaMask?
Adding DFI.money (YFII) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import YFII as a token. You can copy YFII’s contract address (0xa1d0e215a23d7030842fc67ce582a6afa3ccab83) and import it manually, or if you've installed MetaMask's chrome extension, add YFII to MetaMask with one click on CoinGecko.
Add YFII to MetaMask.