Buy DFI.Money (YFII)

DFI.Money (YFII) is a Decentralized Finance (DeFi) platform that aims to provide users with access to advanced features in the realm of financial services, such as aggregated liquidity provision, leveraged trading, automated market making and more. It started out as a fork of yearn.finance (YFI), after its Improvement Proposal #8 (YIP-8) was rejected.

The YFII token is the native utility token of the DFI.Money platform, which users can earn by contributing liquidity to its aggregated liquidity pool, or use it for governance purposes. Moreover, it offers a range of services that optimize profits for lending providers by moving funds between protocols such as Aave and Compound autonomously for higher yield rates.

In order to provide further convenience for its users, DFI Money has also created a number of additional products and services such as automated liquidity mining and an open protocol for self-servicing smart contracts which both facilitate easier access to capital markets in DeFi space. Furthermore, the platform also offers guidance on best practices when deploying their strategies through the YFII protocol which help users maximize their gains from each transaction.

Overall, DFI Money provides users with an array of opportunities to make better decisions when it comes to their finances with improved safety and security features than traditional finance solutions.

DFI.money was created as a spin-off from Yearn.finance. After Cronje left the original Yearn.finance, he later returned to develop it further. As a result, Yearn.finance became increasingly popular using DeFi.

After mining and farming of the YFI token was no longer possible, a proposal to protect the liquidity facility from huge whales came up. After a larger majority of protocol participants voted in favour, the proposal still did not go ahead. For instance, the proposal did not meet Yearn.finance's 33% qourum requirement. On this, a group of users decided to make a split-off with DFI.money.