It was only when chatting with beginners around me that I realized how many people hadn’t got this straight.
When YFI was launched, there was no pre-mine or presale, and the team didn’t reserve any tokens for itself. All YFI was distributed through liquidity provision.
Yield aggregators pool funds to run strategies. This can spread out the gas costs of frequent rebalancing for individuals, but it also adds several layers of smart contract risk.
$YFI is Yearn’s governance token. Its initial supply was just 30,000 tokens. Currently: 2284.
What was the first context in which you learned about this?
When YFI was launched, there was no pre-mine or presale, and the team didn’t reserve any tokens for itself. All YFI was distributed through liquidity provision.
Yield aggregators pool funds to run strategies. This can spread out the gas costs of frequent rebalancing for individuals, but it also adds several layers of smart contract risk.
$YFI is Yearn’s governance token. Its initial supply was just 30,000 tokens. Currently: 2284.
What was the first context in which you learned about this?