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Developer Yearn.finance suggested ...

Yearn.finance developer proposed to limit the emission of the YFI token
CONTENT

  • The creator of the project proposed to vote on the final ban on the issue of additional YFI tokens

  • The maximum emission of YFI tokens will be 30,000 units

  • In the market of centralized cryptocurrency exchanges, interest in the project continues to heat up

International consortium of news organizations developing transparency standards.

As the first intra-project vote, it was proposed to forever abandon the endless emission of the token

The main developer of the sensational cryptocurrency project Yearn.finance André Cronier proposed to limit the emission of the YFI token.

On the official website of the project, Cronje proposes to abandon the endless emission of the YFI token, limiting himself to 30,000 tokens.

Developer Yearn.finance suggested ...

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Voting within the network will be available in two weeks, when the project passes the final audit, Cronier noted..

“After starting network management, multi-signature will transfer all system rights to community management. The first official forced online voting will permanently restrict the [release of] YFI, ”wrote the creator of Yearn.finance.

Recall that from the very start, Yearn.finance caused an ambiguous reaction in the cryptocurrency community due to the lack of emission restrictions and explosive growth, which has already managed to overtake the highs of bitcoin.

“Few understand”

Meanwhile, the cryptocurrency community is trying in every possible way to stir up interest in the token, which has already been added to almost all major trading platforms..

In particular, the head of the BitMEX cryptocurrency exchange Arthur Hayes wrote on his Twitter page that “only a few understand” the potential of the YFI token to grow to $ 100,000.

However, Hayes refused to name at least some time frame for such a price increase..

In early September, BeInCrypto announced the first major correction of the decentralized finance market (DeFiDecentralized finance (DeFi) is financial services built on blockchain technology that offer users access to an open, efficient and … More).

Learn how to trade in the cryptocurrency market with BeInCrypto partner – the StormGain cryptocurrency exchange

Developer Yearn.finance suggested ...

The total value of funds blocked on DeFi platforms fell more than 20% from a peak of $ 9.5 billion.

At the same time, the token sank as the use of cryptocurrencies grew, new types of tokens appeared. They can represent value or something intangible like voices. Two … More YFI, crashing in a week from $ 35,770 to $ 20,465.

The current recovery in YFI price comes after the announcement of the Coinbase listing, however there is no guarantee that the token will continue to remain at such a high level..

At the time of this writing, the price of YFI / USDT is $ 36 341.

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