I've recently heard about these yfii tokens and I'm curious to know more about them. Could someone explain to me what yfii tokens are and what they represent?
5 answers
Sara
Sun Dec 15 2024
YFII tokens serve as DFI.Money's native governance tokens, playing a crucial role in the protocol's ecosystem.
LightningStrike
Sat Dec 14 2024
As the development of the protocol progresses, YFII tokens will be utilized to influence and shape its future direction and evolution.
KimchiQueenCharmingKiss
Sat Dec 14 2024
Holders of YFII tokens have the opportunity to stake their tokens to earn fees generated by the protocol. These fees are paid out in the form of additional YFII tokens.
Margherita
Sat Dec 14 2024
The total supply of YFII tokens is limited to 40,000, ensuring a finite and scarce asset within the DFI.Money ecosystem.
AzureWave
Sat Dec 14 2024
The distribution of YFII tokens took place over a span of 10 weeks, ensuring a fair and gradual release of tokens into the market.