YFDAI.FINANCE price

YF-DAI

#2603

Existing DeFi solutions lack the well thought out tokenomics of YFDAI which are deflationary instead of inflationary. The fees generated by the ecosystem are distributed to the burn contract and the Staking/Farming rewards. Once the total supply reaches 13,950 the burning will end and the distribution of fees previously going to the burn contract will be distributed according to governance voting. Other protocols may offer Staking and Farming or they may offer lending and borrowing with a limited set of tokens, but YFDAI has a full suite of DeFi products coming out by the end of the year. YFDAI is also bridging the gap between DeFi and the rest of the world by obtaining a financial service license and e-money license which will enable crypto – fiat exchange on their YFDAI centralized exchange. They also plan on opening an ecommerce site and issuing a debit card. Ultimately, YFDAI aims to unlock the full potential of digital assets for their owners.

The YF-DAI token is used to pay fees on the site and will facilitate governance of the YFDAI protocol. Liquidity providers are a key component to ensure the sustainability of a decentralized finance protocol by facilitating liquidity within the protocol. They will therefore be rewarded with YF-DAI tokens via liquidity mining, in addition to a percentage of trading and borrowing fees. Platform users who use YF-DAI for lending, borrowing or trading will be rewarded with governance power in the form of YF-DAI tokens to encourage not only use of the platform’s services, but also to facilitate distributed governance.