The last couple of years showed a great surge in the popularity of Decentralized Finance. And it is not surprising, since it gives people a lot of advantages, from the possibility to make transfers without a bank account to the absence of a centralized third party.
Up to 1.7 billion people don’t have access to financial services, the fees for bank transactions are insanely high, and your privacy is far from ideal. Not to mention how easy it is for centralized entities to cancel your transactions or even block your bank account – without any kind of explanation.
Therefore, DeFi is a way better solution for both companies and individuals. And if you don’t know what services to choose in order to join this movement, we have a suggestion – Yearnify Finance.
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What is Yearnify Finance?
Yearnify Finance is a new and innovative DeFi project brought to life by improving the features of Yearn Finance (YFY), with the aim of providing users with reliable yields on their assets.
The platform was built with the Ethereum protocol and it’s known especially because it increases the annual percentage yields (APY) of the cryptos deposited into the DeFi system. Plus, it provides users with a lot of options to choose from – staking, farming, borrowing, and mortgage.
Due to its high returns and security power, Yearnify conquered a lot of crypto enthusiasts. It is considered one of the strongest platforms from a scalability, interoperability, developability, and governance viewpoint.
How to join Yearnify Finance?
If you want to be part of the Yearnify community, be sure to get your YFY tokens on time, because they have a limited supply of just 29,000 YFY to distribute to the community, through Airdrops and Pre-sale events.
And guess what. The final round of Pre-sale is already live. You can easily buy them with ETH after you connect your Metamask – that can be created following the instructions here.
In case you ask yourself if it’s worth it, find that Yearnify announced that its token is already listed on big exchange platforms like Hotbit, Uniswap, and Kucoin. Therefore, it should hit an initial listing price of $3,200 before the end of the year.
What is the Yearnify ecosystem?
In the shortest way possible, Yearnify is a friendly and secure yield farming platform that was created with the aim of providing an opportunity for YFY holders to benefit from all the ecosystem’s platforms.
Contrary to the general belief, the platform supports a lot more than just its token. It also supports stable coins like DAI, USDC, USDT, TUSD, and sUSD.
The ecosystem of Yearnify includes everything you would need to join the crypto world properly:
- The Yearnify Finance – that enables investors to earn YFY tokens as revenue by staking;
- The Lending option – that guarantees users up to 29% APR earnings;
- The Yield Farming – where you can move assets around within Compound;
- The Yearnify SWAP – for smooth transactions;
- DApps – so that you can use your tokens like any other fiat currency, but without the fear of central entities.
How is the YFY Token supply distributed?
As we said before, Yearnify has a total supply of just 29,000 YFY, so that it can stay stable all the time and not generate inflation. The Tokenomics of Yean Finance looks like this:
- 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
Overview
If you want to join the crypto world, make sure to enter with the right foot. Companies like Yearnify allow you to choose from a variety of options and therefore find what kind of DeFi investment is suited for you.
If you want to find out more, make sure to check out their website, Telegram channel, or contact them via email at support@yearnify.com.
The post Join an Innovative DeFi project: Up to 85% Off on Yearnify’s Token Pre-sale appeared first on Blockonomi.
December 16, 2020 at 05:52AM https://blockonomi.com from Blockonomi https://ift.tt/3gTXxnH
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