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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！
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