DiFy.Finance (YFIII) Is an In-Development Software Fork of Yearn.Finance (YFI)

DiFy.Finance (YFIII) Is an In-Development Software Fork of Yearn.Finance (YFI)


DiFy.Finance, like YFI, the platform it is based on, is an environment of decentralized finance (DeFi) lending aggregators: it allows users to provide liquidity for the ecosystem by parking their cryptocurrency tokens in a smart contract vault and earning interest in return.

By the virtue of it being an aggregator of lending services, YFIII users are able to optimize their interest yields in an automated manner by frequently rebalancing their investments between available options.

Trending: 'Seinfeld' Cast Members Pushing Fundraising Effort to Turn Texas Blue: 'Texas Has Never Been a Red State'

What Makes DiFy.Finance Unique?

DiFy.Finance is part of the larger trend of decentralized finance: an industry that is focused on building decentralized financial instruments on top of existing smart-contract-enabled cryptocurrencies. These instruments include cryptocurrency lending, insurance, decentralized exchanges and other use cases.

As of October 2020, it is a rapidly growing industry with over $10 billion in locked assets, up from just over $500 million in October 2019.

YFIII specifically is an aggregator of cryptocurrency lending platforms,

Continue reading

You Might Like

Do NOT follow this link or you will be banned from the site!