The iTokens do not need to be redeemed and can be exchanged on the market. The iTokens will bear interest, allowing users to receive more assets than they have deposited upon withdrawal. Once a deposit has been made, users will receive a corresponding amount of iTokens which represent their claim on the assets deposited. Users can choose to deposit a wide range of assets, including stablecoins and Ether, into any one of DFI.Money’s vaults. The strategies with the highest votes from the community will be implemented. These yield farming strategies can be developed by anyone to be voted upon. YFII is a yield aggregator for cryptocurrency assets that aims to achieve the highest yield using a set of yield farming strategies. YCRV could be obtained by depositing liquidity in Curve Finance’s yPool, and YFII-BAL pool tokens are obtained by providing liquidity to the 98% / 2% YFII-BAL pool on Balancer. Using a weekly halving basis, 20,000 tokens were emitted in the first week, distributed equally to stakers in both 圜RV pools and YFII- BAL liquidity pools. The total supply of YFII is 40,000 and has been completely distributed over a 10 week period. YFII tokens can be staked to earn the protocol’s fees in the form of more YFII tokens. As the protocol is developed further, YFII tokens will be used to shape the protocol’s future.
YFII tokens are DFI.Money’s native governance tokens. The governance token can be obtained through yield-farming. This means that unlike the original YFI protocol, DFI.Money halves the weekly supply of governance tokens. This project is a fork of yearn.finance, but with Yearn Improvement Proposal 8, or YIP-8 implemented.
DFi.Money, originally known as YFII, is a yield farming aggregator.
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