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24 October 2020

DiFy.Finance (YFIII) Is an In-Development Software Fork of Yearn.Finance (YFI) | Press release Bitcoin News

DiFy.Finance (YFIII) Is an In-Development Software Fork of Yearn.Finance (YFI) | Press release Bitcoin News


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DiFy.Finance, like YFI, the platform it is based on, is an environment of decentralized finance (DeFi) lending aggregators: it allows users to provide liquidity for the ecosystem by parking their cryptocurrency tokens in a smart contract vault and earning interest in return.

YFIII specifically is an aggregator of cryptocurrency lending platforms, same as the platform it was forked from — yearn.finance.

It allows users to deposit their cryptocurrency, which is converted into yTokens — on-blockchain obligations that are secured by collateral in a different cryptocurrency.

It is a modern platform that allows DiFy.Finance and YFIII token holders to store their assets in a specially designed contract.

DiFy.Finance — Vote offers a decentralized platform that allows the community to perform on-chain voting.

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