The Yearn.finance protocol governance token YFI coin is the native governance token of the Yearn.finance platform, with a total circulation of 30,000. The holder has platform governance rights and can receive rewards.
Issuing country of yfi coin
YFI coin is a governance token issued by the Yearn.finance protocol, Yearn.finance is a A decentralized financial platform that provides a range of financial products, such as income aggregation and loan services.
Yearn.finance Team
Yearn.finance was created by a team led by Andre Cronje and Anton Bukov, both veterans of the cryptocurrency industry. The team is distributed across the globe and has no specific headquarters location.
Use of YFI Coin
YFI Coin holders have the governance rights of the Yearn.finance protocol and can vote on the future development of the protocol. They can also receive part of the revenue from the platform as a reward.
Issuance
The total circulation of YFI coins is constant at 30,000, which means that no new YFI coins will be minted.
Listed Exchanges
YFI Coin is listed on many major cryptocurrency exchanges, including Binance, Huobi, and FTX.
Yearn.finance (YFI) continues its decline amid heavy volatility and is currently trading at $5567.48. Its value has plunged 8.73% since yesterday, with daily trading volume reaching $26.19 million. As prices continue to move lower, investors are keeping a close eye on where YFI will go next.
From a technical perspective, YFI’s downtrend is clearly visible. Its 200-day moving average (MA) at $6,200 is currently acting as strong resistance, hampering any rebound attempts. Additionally, the 100-day moving average (MA) at $5,800 is also providing resistance to the price.
In terms of support, YFI’s 50-day moving average is $4,800, and if it falls below this level, further losses are likely. However, losses are expected to be limited due to strong support near $4,200.
Overall, YFI’s technical indicators suggest that it is currently in a bear trend. Failure to rebound above $6,200 may continue the decline to $4,800. It is crucial to be patient and monitor price action for signs of a reversal of the trend.
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