We are happy to announce that YFI has joined the family of the over 200 cryptocurrencies available for exchange and purchase on Changelly! Starting today, users will be able to exchange it with other digital assets at floating rates on our platform.
YFI is a token that serves as a coordination tool for Yearn’s contributors, community, and associated protocols. It was created to decentralize the management and development of all Yearn products while providing an environment for fast-paced innovation.
When the YFI token contract was deployed, users of various DeFi protocols were able to obtain it by providing liquidity to specific pools. 30,000 tokens were awarded proportionally to liquidity providers of Curve Finance yPool, the YFI/DAI Balancer pool and the YFI/yPool LP token Balancer pool. The output tokens of depositing in these pools were staked through a discontinued Yearn interface, and stakers were rewarded in YFI for approximately 7 days.
We are excited to work with such an innovative and progressive team! We believe that this collaboration will be successful for both companies.
YFI, an Ethereum-based protocol, launched in early 2020 by Andre Cronje, financial technology developer from South Africa, who was motivated to create a token with highest yields on deposits of ether, stablecoins and altcoins. The idea was born after finding inconsistencies in the yields offered by different DeFi applications.
Changelly provides an ecosystem of products and services that enables customers to have a one-stop-shop experience when engaging with crypto.
Operating since 2015, Changelly acts as an intermediary between crypto exchanges and users, offering access to 200 cryptocurrencies that can be effortlessly swapped within 10 minutes on desktop and on-the-go via Changelly mobile app.
In 2020, Changelly branched out to accommodate the needs of traders. PRO has been built as a platform focused on the customer’s needs, effectively enabling retail buying and selling digital tokens and coins. Piggy-backing on the great support system found within Changelly, Changelly PRO will provide the community with high limits, effective pricing, fast execution, and 24/7 live support.
Learn more about Changelly:
Changelly Website: changelly.com
Changelly PRO website: pro.changelly.com