Aave YFI v1 (AYFI)
Details about Aave YFI v1 cryptocurrency
Aave YFI v1
AYFI
Unknown for now
€3,653
761
35.628
Unknown
https://aave.com/atokens
@aaveaave
Aave YFI v1 price charts
AYFI exchanges
Aave YFI v1, the crypto
Aave YFI v1 (AYFI) is a decentralized finance (DeFi) crypto asset that is built on the Ethereum blockchain. It is the native token of Aave's Yearn integration, a lending protocol that allows users to lend and borrow cryptocurrencies, with the added benefit of liquidity mining through Yearn.Finance. AYFI token holders can vote on proposals related to the governance of the platform and receive a share of the fees generated by the protocol.
The point
The main point of Aave YFI v1 (AYFI) is to integrate the Yearn Finance ecosystem into Aave's lending platform. This integration allows Yearn users to access Aave's lending and borrowing functions, which offer a greater degree of flexibility than Yearn's limited strategies. Additionally, AYFI serves as a governance token for the integrated platform, allowing token holders to have a say in the future development of the protocol.
The problem
The problem that Aave YFI v1 (AYFI) tries to solve is the lack of interoperability and limited functionality within the DeFi space. By integrating Yearn Finance's strategies into Aave's lending platform, users are able to access a wider range of lending and borrowing options. Additionally, by introducing a governance token, users have a say in the development and direction of the protocol, which can help to address issues and improve the platform over time.
Compare AYFI and BTC performance
Timeframe | AYFI | BTC |
---|---|---|
1h change | 0 % | 0.0803122 % |
24h change | 0 % | 2.73864 % |
7 day change | 0 % | 8.9486 % |
14 day change | 0 % | 1.0014 % |
30 day change | 0 % | 25.4427 % |
200 day change | -52.31 % | 172.675 % |
Year change | -44.15 % | 160.362 % |