Details about Matic Aave Interest Bearing YFI cryptocurrency
Matic Aave Interest Bearing YFI
MAYFI
Unknown for now
€0
11
1
Unknown
https://www.aavegotchi.com/
@aavegotchi
Matic Aave Interest Bearing YFI price charts
MAYFI exchanges
Matic Aave Interest Bearing YFI, the crypto
Matic Aave Interest Bearing YFI (MAYFI) is a cryptocurrency that is the result of a collaboration between Matic and Aave, two popular blockchain projects. MAYFI is an interest-bearing token built on the Polygon (Matic) network that provides its holders with exposure to the yield generated by the Yearn Finance (YFI) ecosystem.
The point
The main point of Matic Aave Interest Bearing YFI (MAYFI) is to give cryptocurrency users access to the yield generated by the Yearn Finance (YFI) ecosystem. It does this by allowing users to earn interest on their MAYFI tokens, which are backed by funds deposited in the Aave protocol.
The problem
Matic Aave Interest Bearing YFI (MAYFI) tries to solve the problem of low yields for cryptocurrency holders. By building an interest-bearing token on the Polygon (Matic) network and backing it with funds deposited in the Aave protocol, MAYFI provides its holders with exposure to the yield generated by the Yearn Finance (YFI) ecosystem. This allows cryptocurrency users to earn higher yields on their assets without having to navigate complex DeFi protocols on their own.
Compare MAYFI and BTC performance
| Timeframe | MAYFI | BTC |
|---|---|---|
| 1h change | 0 % | 0.719949 % |
| 24h change | 0 % | -3.20741 % |
| 7 day change | 0 % | -9.26132 % |
| 14 day change | 0.07 % | -5.61515 % |
| 30 day change | -23.89 % | -15.3674 % |
| 200 day change | 0 % | 112.704 % |
| Year change | 0 % | 111.748 % |