YFUEL represents a fork of the Yearn.Finance (YFI) decentralized finances protocol (DeFi). It aggregates liquidity pools allowing its users to “yield farm” on their Ether-based assets. Yesterday it broke into the lists of the top gainers of the crypto segment.
When DeFi hype meets “listing pump” effects
It was announced yesterday that Cointiger, one of the leading cryptocurrencies exchange ecosystems, decided to add YFUEL Finance (YFUEL) to its spot positions suite in the next 1 week. Trading commenced around 10-20 September 2020. For the trading pair, it is still not explained in detail because it has only been announced briefly by the CoinTiger side. But this is a good start for YFUEL who will be stepping on their first CEX.
The price of YFUEL skyrocketed immediately after the listing announcement and reached its peak at $177 on Uniswap today which is 100% gains in the last 24 hours. Before that after getting an audit of their token, they will hold a swap according to the community agreement which will launch YFUEL token v2 which will be unminted compared to v1.
The swap will take place on 15th September 2020 where Grafuel Part #1 will be Launched. The Uniswap rate of YFUEL v.2 is 1 ETH = 1.5 YFUEL
At the same time, The team is still negotiating listings with some large Centralized Exchanges, which will become huge news prepared for the YFUEL community. Dev said it looks like this month we will get a minimum of 3 new CEX which will be announced as soon as all the fixes are up and can be reported
Waiting for more Yearn on Binance?
YFUEL Finance (YFUEL) forked from the initial version of the Yearn.Finance (YFI) protocol. It proposed Improvement in the implementation of Yearn.Finance Yearn DeFi process.
YFUEL aims to bring the true value of yearn finance accessible to all users, regardless of whether you are a big whale or small minnow, via its unique features, namely the voting of the inflationary rate of the supply and a referral system with automatic burning done fully on-chain.
YFUEL Finance optimizes that they could catch up with Yearn who was already successful on Binance. Will YFUEL be listed on Binance?