Review on Yearfi Finance by Pedro O. Alvino M.
Performance aggregator that supports multiple protocols.
The cryptocurrency market in conjunction with decentralized finance is in a massive boom, so projects with this system capture the attention of investors and the crypto community, given the Yearfi project Finance, a fork of the YFI project, seeks a more design flexible and with higher benefits for users through coin lock and yield farming.
The project is still in a development phase, its system adds a performance staking and agriculture service, which according to the description of its system consists of a currency lock process for an estimated period of 10 months in terms of currency lock, in addition of adding currency swapping and yield farming, making it similar to other projects in the DeFi ecosystem.
The use of the token is still very low but given the low supply that counts, it may have some momentum when listing on exchanges, according to the history of tokens with a system similar to YFI.
Pros
- Designed as a high-yield agriculture DeFi ecosystem.
- Supports various decentralized finance service (DeFi) protocols.
- It has a very low supply of tokens.
- Offers stable currency yield agriculture.
Cons
- The project is still under development.
- You are in an area with many tough competitors in the market.
- Very little community in their social networks.
- The token locking system is very inflexible.
