DiFy.Finance

DiFy.Finance (YFIII)

$281.32 USD (-2.40%)
0.01447154 BTC (-3.62%)
0.45930962 ETH (-5.05%)
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  • Market Cap
    $2,247,869 USD
    115.63190066 BTC
    3,670 ETH
  • Volume (24h)
    $391,956 USD
    20.16250441 BTC
    639.93429362 ETH
  • Circulating Supply
    7,990 YFIII

    Reported Circulating Supply

    10,000 YFIII
  • Total Supply
    30,000 YFIII
  • Max Supply
    30,000 YFIII

About DiFy.Finance

DiFy.Finance price today is $281.32 USD with a 24-hour trading volume of $391,956 USD. DiFy.Finance is down 2.40% in the last 24 hours. The current CoinMarketCap ranking is #988, with a market cap of $2,247,869 USD. It has a circulating supply of 7,990 YFIII coins and a max. supply of 30,000 YFIII coins. The top exchanges for trading in DiFy.Finance are currently BiKi, DigiFinex, Uniswap (V2), XT, and Bilaxy. You can find others listed on our crypto exchanges page.

What Is DiFy.Finance (YFIII)?

DiFy.Finance is an in-development software fork of yearn.finance (YFI) focused on mobile platform compatibility.

DiFy.Finance, like YFI, the platform it is based on, is an environment of decentralized finance (DeFi) lending aggregators: it allows users to provide liquidity for the ecosystem by parking their cryptocurrency tokens in a smart contract vault and earning interest in return.

By the virtue of it being an aggregator of lending services, YFIII users are able to optimize their interest yields in an automated manner by frequently rebalancing their investments between available options.

DiFy.Finance was launched on September 22, 2020, and was first listed on the DigiFinex exchange on September 28, 2020.

Who Are the Founders of DiFy.Finance?

As of October 2020, the founders of DiFy.Finance have not disclosed their identities, with a representative of the team claiming that the appropriate information will be published soon after launch.

What Makes DiFy.Finance Unique?

DiFy.Finance is part of the larger trend of decentralized finance: an industry that is focused on building decentralized financial instruments on top of existing smart-contract-enabled cryptocurrencies. These instruments include cryptocurrency lending, insurance, decentralized exchanges and other use cases.

As of October 2020, it is a rapidly growing industry with over $10 billion in locked assets, up from just over $500 million in October 2019.

YFIII specifically is an aggregator of cryptocurrency lending platforms, same as the platform it was forked from — yearn.finance. It allows users to deposit their cryptocurrency, which is converted into yTokens — on-blockchain obligations that are secured by collateral in a different cryptocurrency. These tokens are then automatically parked in different DeFi lending services in order to maximize the lenders’ profit in the form of interest.

YFIII’s unique advantage, and the reason for forking away from YFI, is to provide a more optimized crypto lending experience for mobile platforms.

Click here to learn more about yearn.finance, the project YFIII was forked from.

Find more decentralized finance projects on our DeFi page.

How Many DiFy.Finance [YFIII] Coins Are There in Circulation?

YFIII’s maximum supply is limited to 30,000 tokens, all of which are set to be openly distributed among the direct participants of the ecosystem with no pre-sale/ICO stage. According to the team behind the project, none of the YFIII tokens have been pre-allocated to the team members.

How Is the DiFy.Finance Network Secured?

YFIII, like the project it is based on — yearn.finance — is built on top of the Ethereum blockchain, meaning that its network is secured by the same hash function as ETH — Ethash. Ethash is a proof-of-work function that belongs to the Keccak family of hash functions.

Where Can You Buy DiFy.Finance [YFIII]?

As of October 2020, YFIII is available on three exchanges:

    Decentralized exchange:
DiFy.Finance Price Today
DiFy.Finance Price$281.32 USD
24 Hour High / Low
$330.90 USD /
$278.17 USD
24 Hour Volume$391,956 USD
Market Cap$2,247,869 USD
Market Rank#988
Yesterday's DiFy.Finance Price
Yesterday's High / Low
$330.90 USD /
$283.50 USD
Yesterday's Open / Close
$311.80 USD /
$310.47 USD
Yesterday's Change$-1.33 USD (-0.43%)
Yesterday's Volume$443,335 USD
Historic DiFy.Finance Price
7 Day High / Low
$357.43 USD /
$264.96 USD
30 Day High / Low
$788.07 USD /
$264.96 USD
90 Day High / Low
$1,860.14 USD /
$25.97 USD
52 Week High / Low
$1,860.14 USD /
$25.97 USD
All Time High
$1,860.14 USD
(Oct 09, 2020)
All Time Low
$25.97 USD
(Sep 25, 2020)
DiFy.Finance ROI
27.87%
DiFy.Finance Supply Details
Circulating Supply7,990 YFIII
Total Supply30,000 YFIII
Max Supply30,000 YFIII
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