-
Bitcoin $84,240.9863
0.07% - Ethereum
$1,928.5384
-0.01% - Tether USDt
$1.0000
0.00% - XRP
$2.3913
-1.06% - BNB
$607.9687
2.36% - Solana
$135.2029
0.91% - USDC
$1.0002
0.04% - Dogecoin
$0.1760
1.28% - Cardano
$0.7408
-0.22% - TRON
$0.2200
-0.62% - Pi
$1.5076
3.25% - Chainlink
$14.0874
1.68% - UNUS SED LEO
$9.8210
0.09% - Toncoin
$3.4765
18.51% - Stellar
$0.2741
-0.52% - Hedera
$0.1923
-0.06% - Avalanche
$19.4370
3.91% - Shiba Inu
$0.0...01299
1.39% - Sui
$2.3335
-1.48% - Litecoin
$92.4074
0.52% - Polkadot
$4.3198
0.90% - Bitcoin Cash
$338.5411
1.49% - MANTRA
$6.6280
4.51% - Ethena USDe
$0.9998
0.00% - Bitget Token
$4.4752
1.32% - Dai
$1.0000
0.00% - Hyperliquid
$13.6393
-7.17% - Monero
$211.2785
0.46% - Uniswap
$6.2748
2.39% - Aptos
$5.3443
0.11%
What is YFI coin? What can YFI coins do? How to store YFI coins?
As a governance token, YFI Coin (YFI) empowers holders to actively shape the future of the Yearn.finance DeFi protocol.
Oct 07, 2024 at 09:36 pm
What is YFI Coin?
YFI Coin (YFI) is the native token of the decentralized finance (DeFi) platform Yearn.finance. It is a governance token that gives holders voting rights on proposals that affect the protocol's development.
What Can YFI Coins Do?
YFI coins can be used to:
- Govern the Yearn.finance protocol by voting on proposals that affect the protocol's development.
- Stake YFI coins to earn rewards in the form of
- Participate in Yearn.finance's yield farming programs.
How to Store YFI Coins
YFI coins can be stored in a variety of wallets, including:
- Hardware wallets such as the Ledger Nano X and Trezor Model T.
- Software wallets such as the MetaMask and Coinbase Wallet.
- Exchange wallets such as the Binance and Coinbase Pro.
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.
- The cryptocurrency market has been on a rollercoaster ride this past week
- 2025-03-16 14:45:55
- US creates 'Strategic Bitcoin Reserve' in latest proof of President Trump's support for the cryptocurrency sector
- 2025-03-16 14:45:55
- TRON Emerges as the Highest Revenue-Generating Blockchain, Outperforming Ethereum and Bitcoin
- 2025-03-16 14:45:55
- Qubetics (QUBE) is one of the Best Cryptos to Watch in 2025
- 2025-03-16 14:45:55
- Despite Ongoing Legal Battles, Ripple's XRP Token Continues to Garner Increasing Attention
- 2025-03-16 14:45:55
- 1933 George V penny could be worth a hefty sum
- 2025-03-16 14:45:55
Related knowledge
What does "composability" mean in DeFi?
Mar 14,2025 at 12:36pm
Key Points:Composability in DeFi refers to the ability of different decentralized finance (DeFi) protocols to interact and combine seamlessly, creating novel financial products and services.This interoperability is a core tenet of the DeFi ecosystem, fostering innovation and efficiency.Understanding composability requires exploring its mechanisms, benef...
What is token economics in DeFi?
Mar 14,2025 at 03:20am
Key Points:Token economics in DeFi defines how tokens are used to incentivize and govern decentralized finance (DeFi) protocols.It encompasses token utility, distribution mechanisms, and economic models designed to ensure sustainability and growth.Understanding token economics is crucial for evaluating the long-term viability and potential risks of DeFi...
How are transaction fees calculated in DeFi?
Mar 14,2025 at 04:25am
Key Points:DeFi transaction fees vary significantly depending on the specific protocol, network congestion, and the complexity of the transaction.Gas fees, a crucial component, are paid in the native token of the blockchain (e.g., ETH on Ethereum).Factors influencing gas fees include the type of transaction, data size, and network demand.Protocols often...
What is a cross-chain bridge? What is its role in DeFi?
Mar 14,2025 at 10:00am
Key Points:Cross-chain bridges facilitate the transfer of assets between different blockchains.They are crucial for DeFi's interoperability, allowing users to access diverse applications and liquidity pools across various networks.Several types of cross-chain bridges exist, each with its own security and scalability trade-offs.Understanding the risks as...
What is the role of governance tokens in DeFi?
Mar 13,2025 at 07:10pm
Key Points:Governance tokens grant holders voting rights on platform decisions.They incentivize community participation and platform development.Voting power is typically proportional to token holdings.Governance proposals can range from protocol upgrades to fee adjustments.They are crucial for decentralized decision-making in DeFi.Risks include manipul...
What is a lending protocol? How does lending work in DeFi?
Mar 16,2025 at 12:46pm
Key Points:Lending protocols are decentralized applications (dApps) built on blockchain networks that facilitate peer-to-peer lending and borrowing of cryptocurrencies.DeFi lending operates without intermediaries like banks, leveraging smart contracts for automated processes.Users earn interest by lending their crypto assets, while borrowers gain access...
What does "composability" mean in DeFi?
Mar 14,2025 at 12:36pm
Key Points:Composability in DeFi refers to the ability of different decentralized finance (DeFi) protocols to interact and combine seamlessly, creating novel financial products and services.This interoperability is a core tenet of the DeFi ecosystem, fostering innovation and efficiency.Understanding composability requires exploring its mechanisms, benef...
What is token economics in DeFi?
Mar 14,2025 at 03:20am
Key Points:Token economics in DeFi defines how tokens are used to incentivize and govern decentralized finance (DeFi) protocols.It encompasses token utility, distribution mechanisms, and economic models designed to ensure sustainability and growth.Understanding token economics is crucial for evaluating the long-term viability and potential risks of DeFi...
How are transaction fees calculated in DeFi?
Mar 14,2025 at 04:25am
Key Points:DeFi transaction fees vary significantly depending on the specific protocol, network congestion, and the complexity of the transaction.Gas fees, a crucial component, are paid in the native token of the blockchain (e.g., ETH on Ethereum).Factors influencing gas fees include the type of transaction, data size, and network demand.Protocols often...
What is a cross-chain bridge? What is its role in DeFi?
Mar 14,2025 at 10:00am
Key Points:Cross-chain bridges facilitate the transfer of assets between different blockchains.They are crucial for DeFi's interoperability, allowing users to access diverse applications and liquidity pools across various networks.Several types of cross-chain bridges exist, each with its own security and scalability trade-offs.Understanding the risks as...
What is the role of governance tokens in DeFi?
Mar 13,2025 at 07:10pm
Key Points:Governance tokens grant holders voting rights on platform decisions.They incentivize community participation and platform development.Voting power is typically proportional to token holdings.Governance proposals can range from protocol upgrades to fee adjustments.They are crucial for decentralized decision-making in DeFi.Risks include manipul...
What is a lending protocol? How does lending work in DeFi?
Mar 16,2025 at 12:46pm
Key Points:Lending protocols are decentralized applications (dApps) built on blockchain networks that facilitate peer-to-peer lending and borrowing of cryptocurrencies.DeFi lending operates without intermediaries like banks, leveraging smart contracts for automated processes.Users earn interest by lending their crypto assets, while borrowers gain access...
See all articles
