YFII coin is the platform token issued by Yearn.finance. YFII is a smart contract liquidity mining project established by the community based on the YFI proposal, which has not been voted through yet. In order to ensure that liquidity does not massively exit mining, the community governance proposed the issuance proposal under YIP-8, which will increase the issuance of each mining pool weekly.

YFII is not a standalone coin. According to relevant information, YFII is a token. It is not a copy of YFI, but a forked product. Simply put, it is a product that aggregates mining arbitrage.

In addition, the roller coaster-like ups and downs of DeFi projects like Sushi, Yam, and YFII, also make people wary of their security, and how to continuously accumulate user trust is also a key point to focus on in the future.

Centralized exchanges (CEX) have stricter listing strategies and higher listing fees, which has led many new high-quality projects to choose to complete their initial launches on decentralized exchanges (DEX) - the budding stage of value discovery. Recently, even popular projects such as UMA, BZRX, YFI, and YFII have all chosen Balancer as their main battlefield, while UMA and BZRX launched on Uniswap and mStable launched on Mesa.

When there is a short-term liquidity demand, investors can mortgage and borrow on platforms such as Cream, ForTube, and Venus. If there is idle funds, they can be invested in income aggregators such as YFII, Beefy, and Reef, to maximize returns. If the American stock market is doing well but lacks deposit channels or has high barriers in the traditional financial world, these funds can be used for investment.

YFII is a forked product of Yearn.finance (YFI). YFI and YFII are lovingly called "Big Uncle" and "Second Uncle" (or "Little Uncle") by DeFi players. Yearn.finance is a decentralized financial platform dedicated to providing aggregation financing, leverage trading, and other financial services. The YFII contract codes are forked directly.

The difficulty of use is much higher, and it requires a higher user cognition, which also greatly affects the speed of DeFi's development. In addition, the roller coaster-like ups and downs of DeFi projects such as Sushi, Yam, and YFII also make people wary of their security, and how to continuously accumulate user trust is also a key point to focus on in the future.

That's all for the introduction about YFII listing time. I hope it can be helpful to you.

Disclaimer: This article is authored by a netizen, and the views only represent the author's personal opinions, not necessarily those of Blockchain News.

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