YieldFarming Index YFX
1. Summary
- Description
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Description of YieldFarming Index (YFX)
Description of YieldFarming Index (YFX)
YieldFarming Index (YFX) is a decentralized hedge fund that generates high returns on investment by farming strategies and exclusive investment opportunities. It is designed to address the common issue of inadequate capital allocation in the crypto market, particularly in UniV2 and Zyberswap projects, where incentives were historically low compared to the fees generated. By leveraging hedging between quantitative and qualitative trading strategies, YFX aims to deliver a consistent return of 2.0-2.5% MoM on the underlying Treasury value, translating to a conservative estimate of 40% APR.
Unique Strategy
YFX has raised $2 million through a private sale and presale on GMD Protocol's launchpad. The funds are currently deployed in various yield farming applications to improve the fund's value and enhance the value of the YFX token. This approach focuses on yield farming through the bear market, steadily improving the relative fund value.
Token Usage
The YFX token can be used for staking in single-stake vaults, which distribute a portion of the protocol's revenue to stakers. This model incentivizes users to participate in the protocol and contribute to its growth.
| Price | |
| 52W High price | $9.49 |
| 52W High date | 23rd Oct 2024 (7 months ago) |
| All Time High (ATH) Date | 17th Oct 2024 (8 months ago) |
| ATH Price | $12.30 |
| % From ATH | -91.75% |
| All Time Low (ATL) Date | 11th Mar 2023 (2 years ago) |
| ATL Price | $0.66 |
| % From ATL | 53.29% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $3.00 |
| Total Supply | 2.67M |
YFX
How does YieldFarming Index's (YFX) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
0.0%
YFX
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Similar Market Cap
60 Day Return
1.8%
YFX
-
Similar Market Cap
1 Year Return
23.6%
YFX
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Similar Market Cap
No GitHub repos found. Either the project is not open source or we don't have data yet.
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Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | |
|---|---|
| Active Reddit Users (past 24h) | |
| Discord users | 1,599 |
| Active Discord Users | 5 |
| Telegram Users | |
| Twitter followers | 1,551 |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://yfxprotocol.xyz/ |
|---|---|
| Explorer | https://arbiscan.io/token/0xaaE0c3856e665ff9b3E287... |
| @YieldfarmingI |
What is the correct contract address for YieldFarming Index?
| Arbitrum-one | 0xaae0c3856e665ff9b3e2872b6d75939d810b7e40 |
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Has YieldFarming Index been audited for security?
No security audits found for this project.
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