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What is YFI coin? What can YFI coins do? How to store YFI coins?
As a governance token, YFI Coin (YFI) empowers holders to actively shape the future of the Yearn.finance DeFi protocol.
Oct 07, 2024 at 09:36 pm
What is YFI Coin?
YFI Coin (YFI) is the native token of the decentralized finance (DeFi) platform Yearn.finance. It is a governance token that gives holders voting rights on proposals that affect the protocol's development.
What Can YFI Coins Do?
YFI coins can be used to:
- Govern the Yearn.finance protocol by voting on proposals that affect the protocol's development.
- Stake YFI coins to earn rewards in the form of
- Participate in Yearn.finance's yield farming programs.
How to Store YFI Coins
YFI coins can be stored in a variety of wallets, including:
- Hardware wallets such as the Ledger Nano X and Trezor Model T.
- Software wallets such as the MetaMask and Coinbase Wallet.
- Exchange wallets such as the Binance and Coinbase Pro.
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