Yearn tweeted that it had purchased over $7.5 million worth of YFI, adding that its treasury was armed with $45 million with the intention of buying more tokens in the future. The altcoin first got a boost last week as word spread that Yearn had gone on a major shopping spree buying back its own token. The YFI token’s price has been on fire over the past week, more than doubling from $18,867 on December 15th to a high of $39,353 on December 20th. Yearn.Finance (YFI) is a decentralized finance (DeFi) protocol that offers lending and trading services so users can optimize their crypto asset earnings. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.An altcoin that helps holders earn yields is lapping the field as the crypto markets try to recover from a difficult month. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content.
Yfi tokenomics full#
Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website.
The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. As such, only YFI tokens staked in phase 1 or locked in phase 2 would be eligible to be used for voting. Finally, the proposal aims to introduce a restriction on Yearn Governance. Furthermore, the proposal seeks to grant Yearn Developers the ability to roll out the features accordingly. The team intends to introduce four different methods to reward holders for locking up their tokens.
The repurchased tokens would be distributed as rewards to YFI holders who are actively involved in the community’s governance. According to the proposed changes, a portion of the YFI tokens would be purchased from the open market using Yearn’s Treasury. The team proposed a change to the project’s tokenomics. The primary goal of the Yearn.Finance team is to ensure that the DeFi services are available to investors who are not technically inclined
The platform uses automation to allow investors to maximize profits from yield farming. Formerly known as iEarn, Yearn.Finance is an aggregator service for decentralized finance investors.
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