đ„ Key insights on Andre Cronje
âFair launchâ only refers to how tokens are distributed. It doesnât mean the price wonât fluctuate wildly, or that the protocol has no smart contract risks.
Donât assume a token is safer just because âthe team didnât reserve any tokens.â Smart contract security and liquidity conditions matter just as much.
$YFI is Yearnâs governance token, with an initial total supply of only 30,000 tokens. Currently 2015.
If you know someone whoâs just getting into the space, you can share this with them.
#YFI
In a highly volatile market, risk management comes first.
âFair launchâ only refers to how tokens are distributed. It doesnât mean the price wonât fluctuate wildly, or that the protocol has no smart contract risks.
Donât assume a token is safer just because âthe team didnât reserve any tokens.â Smart contract security and liquidity conditions matter just as much.
$YFI is Yearnâs governance token, with an initial total supply of only 30,000 tokens. Currently 2015.
If you know someone whoâs just getting into the space, you can share this with them.
#YFI
In a highly volatile market, risk management comes first.
