Details about Yield Farming Token cryptocurrency
Yield Farming Token
YFT
Unknown for now
€35,052 ( 0%)
€0
23,400
11,530
1
Unknown
https://yft.finance
@yftfinance
18307800x
€55655800
Yield Farming Token price charts
YFT exchanges
Yield Farming Token, the crypto
Yield Farming Token (YFT) is a cryptocurrency token that is used for yield farming, a practice in which investors can earn rewards by staking or locking up their cryptocurrency in a liquidity pool. The YFT token is used to incentivize users to provide liquidity to these pools and to reward them for participating in the ecosystem.
The point
The main point of Yield Farming Token (YFT) is to provide a way for investors to earn rewards on their cryptocurrency holdings by participating in yield farming. By staking their coins in liquidity pools, users can earn a share of the transaction fees generated by the pool, as well as YFT tokens that are used to incentivize participation and reward users for contributing to the ecosystem.
The problem
Yield Farming Token (YFT) aims to solve the problem of low returns on cryptocurrency holdings by creating a mechanism for users to earn rewards on their coins. By participating in yield farming, investors can earn a share of the transaction fees generated by the liquidity pool, as well as additional YFT tokens that can be exchanged for other cryptocurrencies or sold for profit. This provides a way for investors to earn a higher return on their cryptocurrency holdings and to participate in the growing ecosystem of decentralized finance (DeFi).
Compare YFT and BTC performance
Timeframe | YFT | BTC |
---|---|---|
1h change | 0 % | -0.295642 % |
24h change | 0 % | 0.188804 % |
7 day change | 0 % | 4.76438 % |
14 day change | 0 % | -4.08912 % |
30 day change | -77.86 % | 5.52845 % |
200 day change | -31.06 % | 139.09 % |
Year change | 0 % | 150.706 % |