$YFI is the native governance token of Yearn Finance a decentralized finance protocol built on the
Ethereum blockchain Yearn Finance provides automated yield farming strategies to help users maximize returns on their cryptocurrency investments holders can participate in the governance of the platform voting on protocol upgrades, changes and other key decisions
Here are some key points about $YFI:
Governance Token gives holders the ability to vote on proposals for the Yearn Finance protocol
No Pre-mine or Initial Token Sale was unique in that it had no pre-mine or ICO
The tokens were distributed to liquidity providers who used Yearn’s products
Limited Supply has a maximum supply of 30,000 tokens, making it a highly scarce asset
Utility Beyond governance is used for voting on decisions regarding changes to the platfor such as strategy updates, fee structures, and protocol parameters
Yearn Finance's innovative approach to yield optimization and $YFI's governance role have made it a prominent project in the DeFi ecosystem
