DiFy.Finance, like the YFI on which the platform is based, is an environment for decentralized finance (DeFi) loan aggregators: it allows users to deposit their cryptocurrency tokens in a smart contract vault and earn interest in return, Thereby providing liquidity for the ecosystem.
Since it is an aggregator of loan services, YFIII users can automatically optimize their interest income by frequently rebalancing their investments among the available options.
What makes DiFy.Finance unique?
DiFy.Finance is part of the decentralized finance megatrend: the industry is committed to building decentralized financial instruments on top of existing smart contract-based cryptocurrencies. These tools include cryptocurrency lending, insurance, decentralized transactions and other use cases.
As of October 2020, it is a fast-growing industry with more than $10 billion in locked assets, up from $500 million in October 2019.
YFIII, especially the aggregator of cryptocurrency lending platforms, is the same platform it derives from Yearn.finance. It allows users to deposit their own cryptocurrency and then convert it into yTokens (obligations on the blockchain, secured by collateral in different cryptocurrencies). Then, these tokens will be automatically parked in different DeFi lending services so that the borrower can get the maximum profit in the form of interest.
The unique advantage of YFIII is also the reason for abandoning YFI, which is to provide a more optimized crypto loan experience for mobile platforms.
How many finances [YFIII] Are the coins in circulation?
The maximum supply of YFIII is limited to 30,000 tokens, and all these tokens will be publicly distributed among the direct participants of the ecosystem, without a pre-sale/ICO stage. According to the team behind the project, YFIII tokens were not pre-allocated to team members.
How is the DiFy.Finance network protected?
Just like its project based on-yearn.finance, YFIII is built on the Ethereum blockchain, which means its network is protected by the same hash function as ETH-Ethash. Ethash is a proof-of-work function belonging to the Keccak hash function series.
DiFy.Finance-Farm provides cryptocurrency holders with an opportunity to pool their assets together, and provides a large amount of liquidity for everyone who wants to exchange the asset. In return, he gets a generous amount directly from the wallet Return.
This is a modern platform that allows DiFy.Finance and YFIII token holders to store their assets in specially designed contracts.Automatically set the storage percentage based on the price of the underlying asset and the number of assets in the pool
DiFy.Finance — Borrow:
The DiFy.Finance ecosystem is borrowing-borrowers can borrow assets in an over-collateralized (permanent) manner, choose USDT (Tether), Ethereum (ETH) or DAI, and receive YFIII as a reward for using the protocol.
DiFy.Finance — Voting:
DiFy.Finance-Voting provides a decentralized platform that allows the community to vote on the chain. All this voting data is recorded on the blockchain as a decentralized, unchanging ledger, with no place for bureaucratic manipulation or manipulation.
DiFy.Finance-safe deposit box is an agreement that can automatically perform crop planting. It uses AI and BigData to find innovative farming strategies with the goal of bringing maximum output to the community.
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