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.’

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.

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.

The all-time high of YF-DAI was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of YFDAI.FINANCE (YF-DAI) is 0. The current price of YF-DAI is down 0% from its all-time high.

As of , there is currently 3,986.00 YF-DAI in circulation. YF-DAI has a maximum supply of 21,000.00.

The current market cap of YF-DAI is 158,041.15. It is calculated by multiplying the current supply of YF-DAI by its real-time market price of 39.65.

The all-time low of YF-DAI was 0 , from which the coin is now up 0%. The all-time low price of YFDAI.FINANCE (YF-DAI) is 0. The current price of YF-DAI is up 0% from its all-time low.

YFDAI.FINANCE (YF-DAI) has a market capitalization of $158,041.15 and is ranked #2180 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze YFDAI.FINANCE (YF-DAI) price trends and patterns to find the best time to purchase YF-DAI.