What does YFI do?
YFI is purely and simply a governance token.
Its holders are allowed to vote on decisions that affect Yearn.
While simple on paper, this can potentially be quite complex and lucrative though,
as evidenced by the decision to receive a pay a cut of the service fees to token holders.
It is strongly recommended not to invest money into Ctyptocurrencies using traditional Technical and Fundamental Analysis only.
That is not enough.
You have to find out everything possible.
You will only make for you, the money lost by someone else but more often than not, guess who that someone else is.....
YFI is purely and simply a governance token.
Its holders are allowed to vote on decisions that affect Yearn.
While simple on paper, this can potentially be quite complex and lucrative though,
as evidenced by the decision to receive a pay a cut of the service fees to token holders.
It is strongly recommended not to invest money into Ctyptocurrencies using traditional Technical and Fundamental Analysis only.
That is not enough.
You have to find out everything possible.
You will only make for you, the money lost by someone else but more often than not, guess who that someone else is.....