DFI.money is a crypto seeking to improve and elevate DeFi investors’ rewards. It also goes by the name YFII and is regarded as a fork of the well-known DeFi aggregator platform (YFI). YFII’s main goal is to increase revenues by putting the highly valued crypto to use.

Since a community does not own DFI.money, there are no incentives available for commercialization, according to the protocol. Rather, when the liquidity providers engage with the network, they might receive a certain amount of tokens. There are 38,596 YFII coins available on the market as of right now for DFI.money. It also has a specialized vault and a recently introduced DFI.money offering.

How to Use DFI.Money?

When long-term investments are made, the DFI.Money (YFII) will yield a higher return. They can be used, for instance, in the following ways:

• Exchange: You can trade and exchange currencies on several trading platforms using the DFI.money (YFII) crypto.
• Investment: The YFII crypto will yield better profits when employed for long-term investments.
• International Transfer: You don’t have to worry about levy charges while using them to send funds fast worldwide.
• Online payment: DFI.money coins are accepted as a form of payment on a number of e-commerce websites.

Tokenomics of DFI.Money (YFII)

The DFI.Money platform’s native utility token is $YFII. It can be earned by contributing to DFI.Money liquidity pool. The platform is governed by the token.

After 20,000 tokens were burnt, the supply dropped to 40,000 from its initial 60,000. With the permanent burning of 8.1547 $YFII since then, there are currently 38,596 tokens in circulation.

Buying DFI.Money (YFII) in India

Below are a few simple steps you can follow and buy the YFII token in India with WazirX, India’s most trusted and widely used crypto exchange.

The best way to buy YFII tokens is by depositing INR in your WazirX wallet. Alternatively, you can also buy YFII using P2P trade; to get answers to all your queries related to the P2P trade, click here!

Step 1 – Sign-Up on the WazirX platform

To begin buying and selling YFII, you are required to create an account on the WazirX platform by signing up. Also, you can directly login if you have an account already on the platform.

For your reference, here’s how you can open an account on WazirX.

Step 2 – Set up your account security by verifying your email address.

This step is about verifying your email address. After you sign up on the WazirX platform, you’ll get a verification link on your registered email. By clicking on that link, you’ll get two options to ensure the security of your account – the authenticator app and mobile SMS.

Note: The authenticator app is a more secure way to stay safe when compared to mobile SMS because there’s a risk of delayed reception or SIM card hacking.

Step 3 – Complete the KYC process.

After choosing your country, you can proceed with completing the KYC process. Click here for a detailed overview.

Note: You must complete your KYC to be able to trade P2P or withdraw funds on the WazirX app.

Step 4 – Add funds to your WazirX wallet.

To add funds, simply go to your account on the WazirX app or web. Click on “Funds” and then on “Deposit INR.”

You can deposit INR using any mode (NEFT/ RTGS/ IMPS).

You can also buy YFII through P2P to the WazirX wallet. The YFII will act as funds to help you buy your favorite Cryptos.

Step 5 – Finally, buy YFII on WazirX.

You can now easily purchase YFII tokens using INR Deposits. In the case of P2P trade, check the YFII to INR here and YFII to USDT from here.

After logging in to your WazirX account, you can choose INR from the “Exchange” tab. You can also check all the price charts, order book data, and an order input form on the right side of the screen.

Click “Buy” after entering the amount and checking the total INR amount to be paid.

Your order will be placed according to the price you have input. And, in the case of P2P trade, a seller willing to sell at a price will be notified, and then you can exchange the tokens using P2P.

It might take a few minutes for the order to be completed, but as soon as it is executed, you will receive the YFII Tokens you purchased in your WazirX wallet.

Happy Trading!

Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.