EYFI Finance has completed a free airdrop round through its 17th June, its Defi smart yield farming platform. The Current market cap of EYFI token is $108.2 million which is reached in 24 hours. The company’s first round from leading blockchain funds, including, Black Edge Capital, AU21. Genesis Block Ventures, Spark Digital, Solidity Ventures, MoonWhale, and Morningstar Ventures.
EYFI Finance aims to reduce the barrier for entry for both yield farmers and liquidity providers, opening the DeFi world for those two distinct groups of people that either don’t master the skills to create strategies or hold a low volume of funds in order to participate within the DEFI world.
Outsmarting Defi With Smart Yield Farming
With the EYFI Smart yield farming craze that’s taken the DeFi world by storm over the past 12 months, the number and complexity of yield farms has soared, as have the number of blockchains that now support liquidity mining. Farming is not for the faint-hearted or tech-averse however: it’s a hazardous pursuit that calls for negotiating constantly fluctuating APYs, mitigating impermanent loss, enduring smart contract risk, and frequently entering and exiting positions.
On paper, EYFI yield farming sounds like a simple way to earn a passive income from your crypto holdings. In practice, executed in a perilous environment where a single mistake can prove costly. That is where EYFI Finance comes in: By utilizing the proven success of social trading, the platform maximizes the upside by making it easier for humble investors and farmers to generate consistent yield, whatever their ability level.
This will be achieved by bringing liquidity providers and yield farmers together on the EYFI Finance. platform, where gamified smart trading strategies will incentivize participants to work together and reap the spoils. EYFI Finance will do for smart yield farming what social (or “copy”) trading has done for cryptocurrency trading.
The Co-Founder and CEO of EYFI Finance said: “We are very excited to see our vision come to life, I think that what is so special about our project is that everyone that is working on it, is also going to be a future user once we launch. That’s not something you see on every project, and I think it says a lot of what we are trying to build here.”
“We are excited to be partnering with EYFI Finance to bring social trading to DeFi. The growth of the DeFI industry has been breathtaking, but the experience is still difficult for many new users. EYFI Finance addresses this with customizable strategies and ‘copy farming’ make the decision making simpler for the common user. We look forward to developing the product and growing the feature set with them.”
Key features will include:
- EYFI Copy farming: Learn and auto-invest on the latest farming opportunities by following top farmers and browsing EYFI Finance leader boards.
- Farmer reputation based on proven APY results and historical track record.
- Investor reputation will enable top participants to unlock extra levels and access the highest alpha opportunities.
- Tokenized rewards for top farmers and liquidity providers.
- Non-custodial pools to save substantial gas by pooling investments with other investors utilizing the same protocols.
About EYFI Finance:
EYFI Finance started in June 2021, at the beginning of the EYFI yield farming craze, with a very clear vision of bringing the simplicity of ‘copy trading’ to the complex world of DeFi Yield Farming. An initiative that came from real necessity, EYFI Finance founders are DeFi enthusiasts from Israel, Cyprus, Ukraine and London with a true passion to democratize yield farming and helping crypto users around the world stay up to date with the constant evolution of the yield farming space.
For more details your can stay tuned with us and follow EYFI Finance Social media Channel and Join the Telegram channel today.
Telegram Group: https://t.me/Etheryieldfarming
Telegram Channel: https://t.me/etheryieldfarmingofficial