Is the number of yfi coins fixed?

Yes, the number of YFI coins is fixed at 30,000. This limited supply is intended to: Maintain the value of YFI Reward early adopters Promote the long-term stability of the protocol

The number of YFI coins is fixed

Yearn.finance (YFI) is a decentralized finance (DeFi) protocol with its native token YFI Has a limited supply.

Fixed Quantity

Unlike most cryptocurrencies, the supply of YFI coins is fixed at 30,000 coins. This means that once all YFI coins are mined, no new YFI coins can be created.

Reasons

This limit on supply is intended to prevent inflation, thereby:

• Maintain YFI The value of
• Rewards early adopters
• Encourages long-term growth and stability of the protocol

Distribution of YFI Coins

The allocation is as follows:

• 66% allocated to Yearn.finance Community members use liquidity mining
• 22.5% allocated to Yearn.finance team
• 7.5% allocated to seed investors
• 4% allocated to Yearn.finance Vault

Liquidity Mining

YFI Coin’s liquidity mining program was launched in July 2020 and continued for approximately two years. It allows users to earn YFI coin rewards by providing assets into liquidity pools. The program has now ended and all YFI coins have been mined.

Conclusion

Therefore, the number of YFI coins is fixed, 30,000. This limited supply is designed to preserve the value of YFI, reward early adopters, and promote the long-term stability of the protocol.

Yearn.finance (YFI) continues its decline amid heavy volatility and is currently trading at $5567.48. Its value has plunged 8.73% since yesterday, with daily trading volume reaching $26.19 million. As prices continue to move lower, investors are keeping a close eye on where YFI will go next.

From a technical perspective, YFI’s downtrend is clearly visible. Its 200-day moving average (MA) at $6,200 is currently acting as strong resistance, hampering any rebound attempts. Additionally, the 100-day moving average (MA) at $5,800 is also providing resistance to the price.

In terms of support, YFI’s 50-day moving average is $4,800, and if it falls below this level, further losses are likely. However, losses are expected to be limited due to strong support near $4,200.

Overall, YFI’s technical indicators suggest that it is currently in a bear trend. Failure to rebound above $6,200 may continue the decline to $4,800. It is crucial to be patient and monitor price action for signs of a reversal of the trend.

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