YFII (Trade YFII with MEXC Global ) is a DeFi protocol that facilitates yield aggregation and ensures a fair distribution of tokens using a token halving model. It is a fork of Yearn Finance, commonly known as YFI. This article covers everything you need to know about DFI.Money and a guide on how to buy YFII tokens on MEXC.
Who created DFI.Money or Yearn Finance II (YFII)?
Andre Cronje, a South African programmer who has worked on more than 25 DeFi projects, is the creator of Yearn Finance (YFI), DFI.Money (YFII), and other DeFi initiatives. Yearn.finance's YFI token's mining and farming came to a stop in July 2020, and a proposal to safeguard liquidity from whales received 80% of the support of protocol users. However, it was not implemented since yEarn Improvement Proposal #8 (YIP-8) was denied and did not reach the necessary 33% quorum requirement of yearn.finance. It planned to extend the minting of the platform utility token YFI by an additional 2 months and with a weekly-halving emission curve. Due to this, some users decided to hard fork the protocol and establish DFI.MONEY, which has its own coin called YFII.'
How to buy DFI.Money or Yearn Finance II (YFII)?
You can buy DFI.Money or Yearn Finance II (YFII) on MEXC by the following the steps:
Who created DFI.Money or Yearn Finance II (YFII)?
Andre Cronje, a South African programmer who has worked on more than 25 DeFi projects, is the creator of Yearn Finance (YFI), DFI.Money (YFII), and other DeFi initiatives. Yearn.finance's YFI token's mining and farming came to a stop in July 2020, and a proposal to safeguard liquidity from whales received 80% of the support of protocol users. However, it was not implemented since yEarn Improvement Proposal #8 (YIP-8) was denied and did not reach the necessary 33% quorum requirement of yearn.finance. It planned to extend the minting of the platform utility token YFI by an additional 2 months and with a weekly-halving emission curve. Due to this, some users decided to hard fork the protocol and establish DFI.MONEY, which has its own coin called YFII.'
How to buy DFI.Money or Yearn Finance II (YFII)?
You can buy DFI.Money or Yearn Finance II (YFII) on MEXC by the following the steps:
- Log in to your MEXC account and click [Trade]. Click on [Spot].
- Search “YFII” using the search bar to see the available trading pairs. Take YFI/USDT as an example.
- Scroll down and go to the [Spot] box. Enter the amount of YFII you want to buy. You can choose from opening a Limit order, a Market order or a Stop-limit order. Take Market order as an example. Click [Buy YFII] to confirm your order. You will find the purchased YFII in your Spot Wallet.
