Details about Moon YFI cryptocurrency
Moon YFI
MYFI
Unknown for now
€0
27,680
1
Unknown
https://moonyfi.network/
@moon_yfi
Moon YFI price charts
MYFI exchanges
Moon YFI, the crypto
Moon YFI (MYFI) is a cryptocurrency that is an offshoot of Yearn Finance (YFI), one of the most popular decentralized finance (DeFi) protocols in the cryptocurrency space. MYFI is an experimental cryptocurrency project that aims to provide holders with the opportunity to earn more cryptocurrency by participating in DeFi protocols and liquidity provision.
The point
The main point of Moon YFI (MYFI) is to incentivize holders to provide liquidity to DeFi protocols by offering them additional rewards in the form of MYFI tokens. The project aims to create a self-sustaining ecosystem where the more liquidity providers there are, the more valuable the token becomes, which in turn attracts more liquidity providers, creating a virtuous cycle.
The problem
Moon YFI (MYFI) tries to solve the problem of low liquidity in DeFi protocols by incentivizing liquidity providers to participate. By rewarding liquidity providers with MYFI tokens, the project aims to create a more robust and self-sustaining ecosystem that can handle more transactions and attract more users. Additionally, MYFI provides holders with exposure to the broader DeFi ecosystem, allowing them to earn passive income on their cryptocurrency holdings.
Compare MYFI and BTC performance
| Timeframe | MYFI | BTC |
|---|---|---|
| 1h change | 0 % | 0.77796 % |
| 24h change | 0 % | -1.20569 % |
| 7 day change | 64.76 % | 0.0916028 % |
| 14 day change | 0 % | -8.1602 % |
| 30 day change | 0 % | -7.83751 % |
| 200 day change | 0 % | 127.067 % |
| Year change | 0 % | 139.895 % |