Decentralized Finance is definitely in the mainstream of the crypto industry. Smart contracts expanded the crypto usability, with users now being able to make different kinds of transactions without third parties. And thatâ€™s a relief. With so many high fees and breaches of privacy, itâ€™s no wonder people are so hyped about the idea of DeFi. It really gets you rid of anxiety, knowing that thereâ€™s nobody who can cancel your transactions â€œjust becauseâ€. Add that to the fact that 1.7 billion people donâ€™t even have a bank account. If you didnâ€™t have the chance to join yet, and you feel somewhat overwhelmed by all the DeFi options, hereâ€™s a suggestion â€“ Yearnify Finance.
Yearnify Finance â€“ What Is It?
Built on the ERC-20 protocol, the platform is known as one of the most promising projects, increasing the annual percentage yields (APY) of the cryptocurrencies deposited into the DeFi system.
The platform allows users to stake, farm, borrow, and conclude loan agreements, providing them with high returns, all in a secured environment.
How Can You Join the Pre-Sale?
If you made sure that Yearnify services are what you wish for, then you will need to get their token as soon as possible. The platform has a limited supply of just 29,000 YFY to distribute to users, and the final round of the pre-sale is already live.
In order to get its tokens, you just need to connect your Metamask and buy them with ETH. If you donâ€™t have an account on Metamask, just follow the instructions here.
Is It Worth It?
Think about that this way: Yearnify has its token already listed on big exchange platforms like Uniswap or Kucoin, meaning that it should hit the price of $3,200 before the end of the year. That means yes, it is definitely worth it to buy them now at a significantly lower price.
The Yearnify Ecosystem
In short, Yearnify is a secured yield farming platform developed with the goal of providing an opportunity for YFY holders to benefit from all the ecosystemâ€™s platforms.
Those platforms support not just YFY tokens, but also stable coins like USDT, TUSD, or DAI. Plus, they have everything you would need to start your DeFi adventure on the right foot:
The possibility to stake your tokens in order to get revenues;
Yield Farming and Lending options, that assure up to 29% APR earnings;
Smooth transactions with Yearnify SWAP;
A Quick Look at the Tokenomics
If you are curious by nature and you want to find out how Yearnify is distributing its 29,000 YFY supply, here is a short list with this information below:
Token Type: ERC-20
Token symbol: YFY
Token Name: Yearnify Finance
Total Supply: 29,000 YFY
Circulating Supply: 12,000 YFY
Initial Uniswap Liquidity: 9,000 YFY
YFY for Pre-sale: 8,000 YFY
Team Tokens: 500 YFY
Marketing & Development: 2,000 YFY
Airdrops: 8,000 YFY
Decentralized Finance is a hot topic right now and if you want to join this movement, you will take into consideration this recommendation. Yearnify gives you not just security and various rewards, but also the liberty to make your own choices regarding the way you use your crypto.
With that being said, stay tuned and follow the project on the website and Telegram channel. And if you have more questions, donâ€™t hesitate to contact email@example.com.
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.