PRESS RELEASE. YfDFI Finance, the innovative community-centered DeFi financial center, joined forces with the established project Ferrum Network to revolutionize the way staking is currently seen. The partnership’s initial phase will focus on staking, but the ambitions reach further, including liquidity farming and many more aspects of the DeFi spectrum.
Throughout the last couple of months, YfDFI Finance (https://yfdfi.finance) emerged from an idea to a self-governed community powered by their YFD token. The project aims to become the first DeFi financial center fully powered by its community. The term financial center is chosen because of the wide range of products the team wishes to provide, ranging from staking, farming, swapping, trading all the way to self-banking and insurance products.
The industry has been introduced to hundreds of Yearn Finance forks over the past months, one more diverse than the other. Instead of merely devoting time and resources to creating yet another copy, the YfDFI Finance’s early-contributors chose to start from scratch and set a completely new standard for community-focused projects. The ultimate goal is to provide services known in centralized finance throughout DeFi products while redistributing the profits to the YFD token holders. The course of the project is wholly decided upon by the community through a governance protocol. Community members earn voting rights by acquiring and staking tokens. On the staking end, YfDFI’s community called for the expertise of Ferrum Network to extend its staking possibilities.
Staking is often known as a service provided by a project among their…
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