Yfii vs yfi
![yfii vs yfi yfii vs yfi](https://s3.tradingview.com/c/CPELYvHs_big.png)
The hard fork implemented the proposal, known as YIP-8, which makes YFII rewards decrease each week, following a pattern popularized by Bitcoin (BTC). However, it was not adopted due to not meeting yearn.finance’s requisite 33% quorum requirement.Īs a result, a group of users opted to hard fork the protocol to create DFI.MONEY, with its own token, YFII. In July 2020, mining and farming of yearn.finance’s YFI token ended, and a proposal to protect liquidity provision from whales earned 80% support among protocol participants. Who Are the Founders of DFI.MONEY?ĭFI.MONEY originated as a hard fork of yearn.finance, the aggregator for DeFi returns created by Andre Cronje.Ĭronje left the original incarnation of yearn.finance, iEarn, in early 2020, only to return to continue its development, whereupon its popularity grew considerably as DeFi became more mainstream. The native token of DFI.MONEY is YFII, a fixed-supply token which liquidity providers earn in accordance with their network interaction. In addition to protocol changes, DFI.MONEY has also released new products, chief among which, the Vault, it describes as its “killer product.”
#Yfii vs yfi upgrade#
Launched in July 2020, it aims to optimize returns for DeFi investors while adhering to changes proposed in an upgrade plan called YIP-8. DFI.MONEY, also known as YFII, is a fork of popular decentralized finance (DeFi) aggregator platform yearn.finance (YFI).