How was a token with no team allocation issued?
When YFI was launched, there was no pre-mine or pre-sale, and the team didn’t reserve any tokens for themselves. All YFI was distributed through liquidity provision.
Before putting funds into a yield aggregator, check which underlying protocols it interacts with. A problem at any layer could put your funds at risk.
$YFI was issued by Andre Cronje in 2020 and is Yearn’s governance token.
If you understand, comment “1.” If you still have questions, leave a comment and ask away.
#YFI
When YFI was launched, there was no pre-mine or pre-sale, and the team didn’t reserve any tokens for themselves. All YFI was distributed through liquidity provision.
Before putting funds into a yield aggregator, check which underlying protocols it interacts with. A problem at any layer could put your funds at risk.
$YFI was issued by Andre Cronje in 2020 and is Yearn’s governance token.
If you understand, comment “1.” If you still have questions, leave a comment and ask away.
#YFI