Community Forex Questions
What is DFI money?
DFI Money (DFI.Money, ticker code YFII) investors enjoyed a 400 percent boost from the middle of 2021 to the end of August 2021, when the coin reached an all-time high price of $7,760. It has since declined, reaching new lows in May 2022.
Yearn.Finance (YFI), a fork of Yearn.Finance (YFI), is a platform that allows users to deposit and stake ERC-20 tokens to earn daily interest. YFII is an Ethereum-based token that governs the DFI.Money platform. It allows players to earn rewards for depositing tokens.
On May 25, 2022, investors saw the price of YFII drop 70% in an hour, from $1,227 to $312. Rumors spread on social media that DFI Money enticed investors with a high annual percentage yield (APY) before shutting down the business. After a few hours, the price jumped to $940 and began the next day at $755.
Yearn.Finance (YFI), a fork of Yearn.Finance (YFI), is a platform that allows users to deposit and stake ERC-20 tokens to earn daily interest. YFII is an Ethereum-based token that governs the DFI.Money platform. It allows players to earn rewards for depositing tokens.
On May 25, 2022, investors saw the price of YFII drop 70% in an hour, from $1,227 to $312. Rumors spread on social media that DFI Money enticed investors with a high annual percentage yield (APY) before shutting down the business. After a few hours, the price jumped to $940 and began the next day at $755.
Jun 29, 2022 08:05