What is DeFi ?
DeFi is an abbreviation of the phrase decentralized finance, which generally refers to digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum. Simply speaking, it’s blockchain-based financial software that can be pieced together like Lego pieces.
To get a feel of the products and services that exist within the Ethereum DeFi ecosystem, let’s learn more about the Yearnify Finance ecosystem.
What is Yearnify Finance?
Yearnify Finance is a community-centered DeFi-project. It has been modeled to take the successful features of Yearn Finance (YFI), and improve upon them. Yearnify aims to make the true value of yield farming finance accessible to all users, in the most secure and simplest way possible.
The DeFi Platform focuses on staking, farming, borrowing, and mortgage. It is powerful enough from a scalability, interoperability, developability, and governance standpoint, and will help make the Web3 vision a reality delivering more value for investment.
Yearnify Finance is composed with the protocols built on Ethereum. It increases the annual percentage yields (APY) of the cryptocurrencies that are deposited into the DeFi system. It is considered one of the most innovative sources of passive income by most Defi investors. And has drawn attention due to its high returns and well-rounded platform security.
The Yearnify Finance Ecosystem
Yearnify is building a transparent, secured, user-friendly, and simple yield farming platform, that will provide an opportunity for YFY holders to benefit from all of Yearnify Finance’s platforms.
It supports various stablecoins such as DAI, USDC, USDT, TUSD, and sUSD. And moves these stablecoins between multiple supported DeFi protocols like Compound, Aave, dYdX, and Curve, on the basis of which asset pool is offering the highest yield.
Let’s see what all Yearnify Finance ecosystem consists of:
- Yearnify Finance staking platform that enables investors to earn a yield on YFY token. Depositing, and selecting the staking amount, get an APR of 29%, and can be unlocked anytime with the FYFY Token as a reward
- Lending – YFY provides the highest yield in the market today. Up to 29% APR for supported coins (DAI, USDC, USDT, TUSD, BUSD, PAX). Stake YFY and Earn 29% APR, coins can be unlocked anytime without any locking period or other obstacles on your way
- Yield Farming – It is simply based on a farmer who plants and harvests all his crops. The more you farm, the more the harvest, the more the investment the more the profit. With YFY you will be able to enjoy Yield Farming to its fullest
- Yearnify SWAP– Exchange between your assets without sending anything to anyone or without any fear of loss
- Dapps – Yearnify is also developing its own dApp running on the Ethereum Network. It will allow users to access the platform from all major ERC-20 crypto wallets (Trust wallet, MEW, Metamask, etc.
HOW to buy YFY Tokens : ( pre-sale )
The fact that makes Yearnify unique is its limited token supply. Only 29,000 YFY minted will be distributed to the community through Airdrops and Pre-sale events.
Yearnify Finance has also made some big announcements with regards to the YFY Token listing on big exchanges like Uniswap, Kucoin, and Hotbit , before the end of the year with an initial listing price of 3200$ per YFY Token.
Presale link: https://yearnify.com/index.php/pre-sale-yfy-token/
Go to the YFY presale link, then connect Your Metamask, Get your ETH ready, add the amount you want to buy, and press buy YFY, if you do not have Metamask, simply follow instructions here https://telegra.ph/YEARNIFY-FINANCE-PRE-SALE-IS-LIVE-10-18
( Tokens unsold would be Burned , Uniswap liquidity will be locked 100% for 1 year)
Yearnify Finance Tokenomics :
Token Type: ERC-20
Token symbol: YFY
Token Name: Yearnify Finance
Contract : 0xb9ae6fe574982e891666a5b1c2b33e79eb5dabb5
Total Supply: 29,000 YFY
Circulating Supply: 12,000 YFY
Initial Uniswap Liquidity: 9,000 YFY
YFY for Pre-sale: 8,000 YFY
Team Tokens: 500 YFY
Marketing & Development : 2,000 YFY
Airdrops: 8,000 YFY
Yearnify Finance is the latest DeFi cryptocurrency system that is gaining a lot of attention. As it allows regular people to access advanced and rewarding investment strategies. It is pretty sure that YFY holds a promising future in the crypto world.
Yearnify Finance Community :
Telegram channel – https://t.me/yearnifynews
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