DFI.MONEY, commonly known as a fork of the popular DeFi resource platform yearn.finance (YFI), was launched in July 2020. This project aims to optimize returns for DeFi investors and complies with the changes proposed in an upgrade plan called YIP-8.
In addition to protocol changes, DFI.MONEY has launched new products described as the “killer product” of the Vault. DFI.MONEY’s native token, YFII, is a fixed supply token earned by liquidity providers based on their interactions with the network.
Although DFI.MONEY plays the same role in the DeFi market as yearn.finance, it has different protocol rules and some new features for its token. Therefore, the project targets both the original users of the predecessor who voted in favor of YIP-8 and new DeFi investors looking to maximize their returns through liquidity provision.
According to the DFI.MONEY website, the protocol is community-owned and by default does not offer incentives such as developer rewards. Users can participate in one or both of two liquidity pools, including Curve (CFI) or Balancer (BAL), and earn YFII tokens for providing liquidity.
DFI.MONEY has also introduced a new feature called Vault, which aims to automatically achieve the highest yield for any token without the need for manual transaction adjustment by users.
As the popularity of DeFi (Decentralized Finance) increases, an appreciation in the value of YFII is observed. At the time of writing, the DFI Money Coin, trading at $2,250, is also trading at 0.04458 BTC in the YFII BTC trading pair.