How was a token with none reserved for the team issued back then?
Definition: In July 2020, Andre Cronje issued the governance token YFI, with an initial total supply of 30,000 tokens.
The logic behind it: Yield aggregator protocols pool funds to execute strategies. This can spread out the gas costs of frequent rebalancing for individuals, but it also adds several layers of smart contract risk.
$YFI was launched by Andre Cronje in 2020 and is Yearn's governance token.
Playing it safe is nothing to be ashamed of; staying in the game matters more than making a big profit once.
#YFI
Definition: In July 2020, Andre Cronje issued the governance token YFI, with an initial total supply of 30,000 tokens.
The logic behind it: Yield aggregator protocols pool funds to execute strategies. This can spread out the gas costs of frequent rebalancing for individuals, but it also adds several layers of smart contract risk.
$YFI was launched by Andre Cronje in 2020 and is Yearn's governance token.
Playing it safe is nothing to be ashamed of; staying in the game matters more than making a big profit once.
#YFI