N0031

nYFI price
N0031

This is a preview page.
For more details on listing tiers, refer to Listings Review Criteria Section B - (3).
Total supply
2.67M N0031
Max. supply
--
Circulating supply
2.67M N0031


nYFI community

skeleton-white
 
 
 
 
 
 

nYFI News

  • Top
    Top
  • Latest
    Latest
CMC Daily Analysis

About nYFI

nYFI is the QP(quote pool) token of YFI/ETH pair on NEST Protocol.

NEST Protocol is a distributed oracle network,also a permissionless community of token holders, data providers, and validators. As a oracle, NEST Protocol privide a creative solution to verficate onchain data, e.g. quotes of digital assets. In NEST network, all data are directly generated on-chain: users(so called, Quote Miners) upload their own asset price quotes with certain amount of collateral , and the quotes will input to NEST's price chain after a fixed verification period. (During the verification period, the users' collateral are open for all forms of arbitrage, only the quotes with no collateral have been traded will be accepted) While the NEST‘s open network remaining permissionless and decentralized, the quotes and other onchain data’s reliability and authenticity are secured by the game theroy between Quote miners, Verifiers and Price Callers.(The quote miners are rewarded with NEST token or a type of Ntoken; Verifiers earn profits directly based on the calculation of price deviation) So far, NEST's quote miners are providing real time quotes for over 50 active trading pairs like ETH/USDT, YFI/ETH etc. Those quotes are accepted by many Open Price Feed format, and then be used by DEX/ reporters like Cofix and Coinbase Pro.