YFDAI.FINANCE

YFDAI.FINANCE (YF-DAI)

$2,895.99 USD (3.38%)
0.14929921 BTC (2.48%)
4.73788900 ETH (1.00%)
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  • Market Cap
    $11,543,415 USD
    595.10666188 BTC
    18,885 ETH
  • Volume (24h)
    $3,573,223 USD
    184.21314008 BTC
    5,846 ETH
  • Circulating Supply
    3,986 YF-DAI
  • Total Supply
    21,000 YF-DAI
  • Max Supply
    21,000 YF-DAI

About YFDAI.FINANCE

YFDAI.FINANCE price today is $2,895.99 USD with a 24-hour trading volume of $3,573,223 USD. YFDAI.FINANCE is up 3.38% in the last 24 hours. The current CoinMarketCap ranking is #507, with a market cap of $11,543,415 USD. It has a circulating supply of 3,986 YF-DAI coins and a max. supply of 21,000 YF-DAI coins. The top exchanges for trading in YFDAI.FINANCE are currently CoinTiger, Bilaxy, and ExMarkets. You can find others listed on our crypto exchanges page.

What is YFDAI?

YFDAI is an entire permission less DeFi ecosystem that combines Staking & Farming services and soon, Lending/Borrowing services, SafePredict, and Insurance together with their own DEX called SafeSwap and their own LaunchPad where legitimate projects in the DeFi space can launch their new vetted projects with contract audits, locked liquidity and locked dev tokens in time release smart contracts. Whereas other DeFi protocols rely upon minting new tokens to sustain their staking and farming rewards, YFDAI has allocated tokens for these products which will be replenished with fees generated by the ecosystem. YFDAI also has a deflationary burn mechanism built into the platform that will ultimately reduce the total supply to just 13,950 tokens.

YFDAI’s mission is to clean up the DeFi space by de-risking the purchase of new projects by performing due diligence vetting and requiring adherence to the same protocols that YFDAI itself adhered to on their launch. YFDAI’s motto is ‘no more exit scams or rug pulls.’

How is YFDAI different from other DeFi protocols?

Existing DeFi solutions lack the well thought out tokenomics of YFDAI which are deflationary instead of inflationary. The fees generated by the ecosystem are distributed to the burn contract and the Staking/Farming rewards. Once the total supply reaches 13,950 the burning will end and the distribution of fees previously going to the burn contract will be distributed according to governance voting. Other protocols may offer Staking and Farming or they may offer lending and borrowing with a limited set of tokens, but YFDAI has a full suite of DeFi products coming out by the end of the year. YFDAI is also bridging the gap between DeFi and the rest of the world by obtaining a financial service license and e-money license which will enable crypto – fiat exchange on their YFDAI centralized exchange. They also plan on opening an ecommerce site and issuing a debit card. Ultimately, YFDAI aims to unlock the full potential of digital assets for their owners.

What is the purpose of YFDAI's native YF-DAI token?

The YF-DAI token is used to pay fees on the site and will facilitate governance of the YFDAI protocol. Liquidity providers are a key component to ensure the sustainability of a decentralized finance protocol by facilitating liquidity within the protocol. They will therefore be rewarded with YF-DAI tokens via liquidity mining, in addition to a percentage of trading and borrowing fees. Platform users who use YF-DAI for lending, borrowing or trading will be rewarded with governance power in the form of YF-DAI tokens to encourage not only use of the platform’s services, but also to facilitate distributed governance.

YFDAI.FINANCE Price Today
YFDAI.FINANCE Price$2,895.99 USD
24 Hour High / Low
$2,930.81 USD /
$2,801.95 USD
24 Hour Volume$3,573,223 USD
Market Cap$11,543,415 USD
Market Rank#507
Yesterday's YFDAI.FINANCE Price
Yesterday's High / Low
$2,910.62 USD /
$2,647.80 USD
Yesterday's Open / Close
$2,697.61 USD /
$2,858.56 USD
Yesterday's Change$160.95 USD (5.97%)
Yesterday's Volume$3,418,624 USD
Historic YFDAI.FINANCE Price
7 Day High / Low
$2,930.81 USD /
$2,218.74 USD
30 Day High / Low
$3,191.48 USD /
$865.62 USD
90 Day High / Low
$3,191.48 USD /
$108.15 USD
52 Week High / Low
$3,191.48 USD /
$108.15 USD
All Time High
$3,191.48 USD
(Nov 24, 2020)
All Time Low
$108.15 USD
(Sep 08, 2020)
YFDAI.FINANCE ROI
2,574.24%
YFDAI.FINANCE Supply Details
Circulating Supply3,986 YF-DAI
Total Supply21,000 YF-DAI
Max Supply21,000 YF-DAI
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