DiFy.Finance is a branch of Yearn Finance and has its YFIII tokens, designed to explore the best of financial innovation and improvise the financial system by using Decentralized Finance and Blockchain technology. DiFy.Finance offers a complete range of Defi based products and solutions. It aims to integrate verticals of the Defi system in one single roof. It is an ecosystem that allows consumers to carry their financial transactions feasibly and cost-effectively. To ensure complete decentralization within the ecosystem, DiFy.Finance implemented a voting system, which gives the community full authority to decide which distribution the operating group deserves.
What Is DiFy.Finance (YFIII)?
DiFy.Finance was launched on 22nd September 2020 and DigiFinex exchange was one of the first listings it was listed on. It is a branch of Yearn Finance that provide its users liquidity in the DeFi ecosystem by offering them to park their cryptocurrency tokens in a smart contract vault and earn interest as a reward.
What Makes DiFy.Finance Unique?
Decentralized finance as an industry is gaining rapid momentum with over $10 billion in just locked assets. Merely a year ago, it was around $500 million. Being a cryptocurrency lending platform, YFIII permits people to deposit their cryptocurrency and converts it into yTokens. This is proving to be a better optimized crypto lending experience for mobile platforms. It also offers liquidity in the trading activities through decentralized market making and instant swapping.
Is DiFy.Finance Safe?
The decision making in the application is primarily done by voting and the decision is registered in smart contract. This solves the single point failure by decentralizing the authority. It builds a DeFi instruments on top of existing smart-contract-enabled cryptocurrencies.
Security issues in finance tackled by decentralized blockchain based financial model Role of centralized entities removed through dis intermediation and smart contract-based decision-making. Also, YFIII is built on the Ethereum blockchain which means it is secured with the hash mechanism.
DiFy.Finance Market Position Today –
DiFy.Finance price today is $1,294.44 USD with a 24-hour trading volume of $1,122,619 USD. DiFy.Finance is down 6.51% in the last 24 hours. The current CoinMarketCap ranking is #494, with a market cap of $10,353,919 USD.
Number of DiFy.Finance [YFIII] Coins that are out in Circulation?
DiFy.Finance’s supply is limited to 30,000 tokens and is set to be distributed openly to the direct participants users without any pre-sale.
You can buy it on Uniswap at
Link for buy on UniSwap: https://app.uniswap.org/#/swap?outputCurrency=0x4be40bc9681d0a7c24a99b4c92f85b9053fc2a45