-
Bitcoin
$88,682.85
-3.34% -
Ethereum
$3,086.37
-6.44% -
Tether USDt
$0.9999
-0.18% -
Solana
$211.45
-2.20% -
BNB
$624.51
-0.98% -
Dogecoin
$0.3884
-7.68% -
XRP
$0.7135
-0.34% -
USDC
$0.9994
-0.05% -
Cardano
$0.5483
-7.33% -
TRON
$0.1788
-0.66% -
Shiba Inu
$0.0...02468
-7.59% -
Toncoin
$5.22
-3.91% -
Avalanche
$31.70
-8.22% -
Sui
$3.28
0.97% -
Pepe
$0.0...02068
12.38% -
Bitcoin Cash
$421.63
-3.47% -
Chainlink
$13.02
-8.50% -
Polkadot
$4.82
-10.50% -
UNUS SED LEO
$7.39
-0.44% -
NEAR Protocol
$5.20
-4.89% -
Aptos
$11.16
-8.97% -
Litecoin
$78.39
2.27% -
Dai
$0.9997
0.00% -
Uniswap
$8.21
-8.70% -
Cronos
$0.1568
-10.90% -
Internet Computer
$8.08
-7.48% -
dogwifhat
$3.81
1.81% -
Stellar
$0.1234
-5.72% -
Bittensor
$498.62
-10.87% -
Render
$6.68
-9.57%
When was YFI coin issued? Learn about the origin of YFI coin in one article
YFI Coin, a decentralized finance (DeFi) protocol, was first issued on July 17, 2020 through a liquidity mining event.
Oct 06, 2024 at 08:36 am
When was YFI Coin Issued? Exploring the Origin of YFI
1. Background of YFI Coin
YFI, also known as Yearn Finance, is a decentralized finance (DeFi) protocol that automates yield farming strategies for users. It was created by Andre Cronje and Anton Nell in July 2020.
2. Issuance of YFI Coin
YFI coins were first issued on July 17, 2020 through a liquidity mining event. The initial supply was set at 30,000 YFI, with no pre-mine or allocation for the team.
3. Liquidity Mining Event
Users were able to participate in the liquidity mining event by providing liquidity to the YFI/ETH Uniswap pool. In return, they received YFI tokens as rewards. The event ended on July 25, 2020.
4. Distribution of YFI Coins
The initial distribution of YFI coins was as follows:
- 8,000 YFI (27%) to liquidity providers in the YFI/ETH Uniswap pool
- 17,000 YFI (57%) to Yearn Finance governance participants (YFI holders)
- 4,000 YFI (13%) to the Yearn Finance team and treasury
- 1,000 YFI (3%) to advisors and contributors
5. Significance of YFI Coin
The issuance of YFI coins marked a significant milestone in the development of Yearn Finance. It allowed users to participate in the governance of the protocol and earn rewards for their contributions. The limited supply of YFI coins also made it a highly sought-after asset in the DeFi ecosystem.
Conclusion
YFI coins were first issued on July 17, 2020 through a liquidity mining event. The initial supply was set at 30,000 YFI, with no pre-mine or allocation for the team. The distribution of YFI coins was carefully designed to incentivize users to participate in the governance and growth of Yearn Finance.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
BetHog Redefines Online Gaming with Unique Visual Games Built on the Solana Blockchain
- 2024-11-15 00:20:02
-
230th Anniversary Flowing Hair High Relief Gold Coin Released by the United States Mint
- 2024-11-15 00:20:02
-
Metacade Announces the Launch of Its First Independent Game, Gangs of Metacadia, on Base
- 2024-11-15 00:20:02
-
MetaMask Wallet Integration Enhances Trading; Plus Wallet's Reward Features Shine – XRP Rallies Post-Trump Victory
- 2024-11-15 00:20:02
-
Former SEC Chairman Jay Clayton Hints New Crypto Regulations Could Reshape the Industry
- 2024-11-15 00:20:02
-
Blast Royale's $NOOB Token Lands on KuCoin, Bitget, Gate.io, and MEXC
- 2024-11-15 00:20:02
Related knowledge
What is the investment prospect of INJ coins
Nov 12,2024 at 04:16pm
What is the Investment Prospect of INJ Coins?Introduction to INJ CoinsINJ coins are the native utility tokens of the Injective Protocol, a decentralized derivatives exchange platform built on the Cosmos blockchain. The Injective Protocol aims to provide a fast, secure, and scalable platform for trading derivatives, spot markets, and futures contracts. I...
Does INJ coin have a ten-thousand-fold potential
Nov 13,2024 at 01:26pm
Does INJ Coin Have a Ten-Thousand-Fold Potential?Determining the potential for astronomical growth, such as ten-fold expansions, involves evaluating a cryptocurrency's underlying fundamentals, market dynamics, and long-term prospects. In the case of INJ coin, an in-depth analysis of these factors reveals a path towards significant appreciation.Understan...
Does INJ coin have a thousandfold potential
Nov 11,2024 at 05:58pm
INJ Coin and Its Thousandfold PotentialIntroductionInjective Protocol (INJ) is a decentralized exchange (DEX) platform that enables trustless peer-to-peer trading of cryptocurrencies and derivatives. The platform is powered by its native token, INJ, which is used for governance, staking, and paying transaction fees. In recent years, INJ coin has gained ...
Does INJ coin have a hundredfold potential
Nov 13,2024 at 04:28pm
Does INJ Coin Have a Hundredfold Potential?In the realm of decentralized finance (DeFi), INJ coin stands out as a promising project with innovative features and significant growth potential. Its mission to revolutionize insurance industry through blockchain technology has garnered considerable attention from investors and industry experts alike. However...
What is the highest price of INJ coins in history
Nov 12,2024 at 03:04pm
What is the Highest Price of INJ Coins in History?INJ, the native token of the Injective Protocol, a decentralized exchange (DEX) built on the Cosmos blockchain, has experienced significant price fluctuations since its launch in 2021. While the cryptocurrency market is known for its volatility, INJ has consistently demonstrated strong performance, attra...
What wallet is good for INJ coins
Nov 14,2024 at 09:02pm
What Wallets Are Compatible with INJ Coins (INJ)?INJ coins, the native cryptocurrency of the Injective Protocol, are supported by several reputable wallets. Each wallet offers distinct features and advantages, catering to diverse user needs. Here's a comprehensive guide to the wallets compatible with INJ coins:1. Injective WalletOfficial wallet develope...
What is the investment prospect of INJ coins
Nov 12,2024 at 04:16pm
What is the Investment Prospect of INJ Coins?Introduction to INJ CoinsINJ coins are the native utility tokens of the Injective Protocol, a decentralized derivatives exchange platform built on the Cosmos blockchain. The Injective Protocol aims to provide a fast, secure, and scalable platform for trading derivatives, spot markets, and futures contracts. I...
Does INJ coin have a ten-thousand-fold potential
Nov 13,2024 at 01:26pm
Does INJ Coin Have a Ten-Thousand-Fold Potential?Determining the potential for astronomical growth, such as ten-fold expansions, involves evaluating a cryptocurrency's underlying fundamentals, market dynamics, and long-term prospects. In the case of INJ coin, an in-depth analysis of these factors reveals a path towards significant appreciation.Understan...
Does INJ coin have a thousandfold potential
Nov 11,2024 at 05:58pm
INJ Coin and Its Thousandfold PotentialIntroductionInjective Protocol (INJ) is a decentralized exchange (DEX) platform that enables trustless peer-to-peer trading of cryptocurrencies and derivatives. The platform is powered by its native token, INJ, which is used for governance, staking, and paying transaction fees. In recent years, INJ coin has gained ...
Does INJ coin have a hundredfold potential
Nov 13,2024 at 04:28pm
Does INJ Coin Have a Hundredfold Potential?In the realm of decentralized finance (DeFi), INJ coin stands out as a promising project with innovative features and significant growth potential. Its mission to revolutionize insurance industry through blockchain technology has garnered considerable attention from investors and industry experts alike. However...
What is the highest price of INJ coins in history
Nov 12,2024 at 03:04pm
What is the Highest Price of INJ Coins in History?INJ, the native token of the Injective Protocol, a decentralized exchange (DEX) built on the Cosmos blockchain, has experienced significant price fluctuations since its launch in 2021. While the cryptocurrency market is known for its volatility, INJ has consistently demonstrated strong performance, attra...
What wallet is good for INJ coins
Nov 14,2024 at 09:02pm
What Wallets Are Compatible with INJ Coins (INJ)?INJ coins, the native cryptocurrency of the Injective Protocol, are supported by several reputable wallets. Each wallet offers distinct features and advantages, catering to diverse user needs. Here's a comprehensive guide to the wallets compatible with INJ coins:1. Injective WalletOfficial wallet develope...
See all articles