veYFI will launch soon so you can lock yfi for bou... @yearnfinance

Asked 1120 days ago
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veYFI will launch soon so you can lock yfi for bought back yfi

asked 1120 days ago

2 Answers

VeYFI is a token launched by Yifi that is designed to be used as a “buyback” mechanism. This means that when you purchase VeYFI, the Yifi team will use the proceeds to buy back Yifi tokens from the open market. This will help to increase the value of Yifi tokens, as the team will be actively reducing the supply of Yifi tokens in circulation. You will be able to lock your VeYFI tokens in order to receive Yifi tokens in return, so you can benefit from the increased value of Yifi tokens.
answered 1120 days ago
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"Soon"
answered 1120 days ago
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What is veYFI? Is this a coin or token that Yifi is launching?
answered 1120 days ago

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