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DFI.Money price prediction: Where next for YFII?

By Raphael Sanis


Updated

The Yearn Finance logo
DFI.Money was forked from the Yearn Finance protocol – Photo: Vladimir Kazakov/Shutterstock

DFI.Money is giving crypto investors the chance to earn the best staking rewards. Its aggregator automatically puts investors’ funds to work and guarantees “high yield profits” – according to its own website.

After experiencing a successful first year, its native token, YFII ,has proved vulnerable to bear markets, and the value has crashed along with the protocol’s total value locked (TVL). Some price prediction websites, such as TechNewsLeader, have said they expect YFII to gain yet more value in the coming months, but not all are convinced. 

What is DFI.Money (YFII)?

DFI.Money goes under the ticker YFII, as it originated as a fork from the Yearn Finance (YFI) protocol. It is hoping to be an improved decentralised finance (DeFi) aggregator where investors can lock in their crypto funds and automatically earn the highest yield.

To stand apart from its originator Yearn Finance, DFI.Money has launched new products. This includes its vault service. Investors can deposit certain assets and gain iTokens of the relevant currency, such as iETH or iUSDC. By owning these iTokens, users will gain yield just by holding them. 

Its documentation revealed:

“The Vault also saves you tons of gas during complex contract interactions because all you need to do is just deposit and withdraw.”

DFI.Money was founded by an anonymous group of users out of a frustration with Yearn Finance’s government procedures, where a proposal that gained 80% support was denied because it did not meet the 33% of total holders threshold.

Community-focused token

The team created its YFII token with the community in mind. There was no pre-mining, initial coin offering or development team rewards. Instead, the initial way to get your hands on the cryptocurrency is to provide liquidity. DFI.Money has since listed on numerous exchanges, both centralised and decentralised exchanges

After the founding team’s experience with Yearn Finance, YFII was created with governance in mind. Its documentation explains: 

“YFII has a governance contract from Genesis. Since the owner key has been burnt, monetary policies such as token issuance and inflation cannot be changed. Only four parameters in the gov contract are modifiable.”

YFII’s price history

Price history for DFI.Money

Source: CoinMarketCap 

YFII entered the market with an opening price of $610.03 on 29 July 2020 and saw its largest surge to date just a month later. DFI.Money was listed on the Binance exchange and its value rocketed to its all-time of $9,385.42 on 1 September 2020, according to CoinMarketCap.

It saw another peak over a week later as a USDC pool was added to the protocol with a 93% annual percentage yield (APY) rate. YFII climbed to a high of $6,897.67 on 12 September 2020. 

By the following month, the cryptocurrency had consolidated at around the $1,000 mark. It saw slight gains in February 2021, when a YFII PancakeSwap pool went live, offering 203% APY. DFI.Money surged above $3,000 on 13 February 2021.

XRP/USD

0.56 Price
+5.530% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.01168

ETH/USD

3,216.57 Price
+2.130% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 6.00

BCH/USD

520.25 Price
+2.970% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 2.50

BTC/USD

66,920.00 Price
+3.510% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 106.00

The token soared even higher in August that year. It rallied past $4,500 early that month and went on to a peak of $7,629.82 on 31 August 2021.

DFI.Money then fell along with the wider bearish market, plummeting throughout the rest of 2021 and into the new year. YFII eventually crashed below its launch price in May 2022, when it fell to a low of $497.28.

This has corresponded with a drop in the protocol’s TVL, from $1.15m in February 2021 to under $100,000 in late August 2022, according to DeFi Llama

YFII gained slightly since its May low, hitting $1,000.76 as August came to a close. Steady gains followed, with YFII rising to a three-month high of $1,953.47 on 9 November 2022.

As of 21 November 2022, the token is trading at approximately $1,757.35.

Price prediction analysis

At the time of writing on 21 November 2022, a YFII price predictions from TechNewsLeader said it could reach $1,625.12 in a year. Its DFI.Money price prediction for 2025 gave a suggested price between $3,552.70 and $4,032.09. It suggested the cryptocurrency could peak at a potential $38,739.49 in 2031.

Similarly, PricePrediction forecasted YFII could have surpassed a whopping $84,029.67 by 2030. It expected the token to average out at $4,030.58 this year. The DFI.Money price prediction for 2023 suggested a value of $5,743.40. 

The AMB Crypto DFI.Money crypto price prediction proposed a more gradual climb. The site expected the coin could reach a maximum of $3,065.34 this year and an average of $3,406.69 next year, before reaching an average of $5,669.08 in 2025. Its DFI.Money price prediction for 2030 suggested an average price of $20,251.69.

Conversely, he CaptainAltcoin DFI.Money price prediction for 2022 expected a pullback to $1,698.79 in December this year. The cryptocurrency could then achieve $3,536.13 in 2025, it suggested. But CaptainAltcoin was bearish in the longer term, and its DFI.Money coin price prediction suggested YFII could have become worthless by 2030.

When considering a YFII coin price prediction, it is important to keep in mind that cryptocurrency markets remain extremely volatile, making it difficult to accurately predict what a coin or token’s price will be in a few hours, and even harder to give long-term estimates. As such, analysts and algorithm-based forecasters can and do get their predictions wrong.

If you are considering investing in cryptocurrency tokens, we recommend that you always do your own research. Look at the latest market trends, news, technical and fundamental analysis, and expert opinions before making any investment decision. Keep in mind that past performance is no guarantee of future returns, and never trade with money that you cannot afford to lose. 

FAQs

How many DFI.Money coins are there?

As of 21 November 2022, there was a circulating supply of 38,596 YFII.

Is DFI.Money a good investment?

DFI.Money is a decentralised finance aggregator that automatically puts your digital assets to work and brings investors yield. But after the recent crypto crash that affected platforms such as FTX, Celsius Network and cryptocurrencies such as LUNA, investors should be wary of both the protocol and token. 

In volatile cryptocurrency markets, it is important to do your own research on a coin or token to determine if it is a good fit for your investment portfolio. Whether the YFII token is a suitable investment for you depends on your risk tolerance and how much you intend to invest, among other factors.

Keep in mind that past performance is no guarantee of future returns, and never invest money that you cannot afford to lose.

Will DFI.Money go up?

At the time of writing, there were some optimistic price predictions being made, such as the one from TechNewsLeader that anticipated YFII would eventually surpass $38,000. On the other hand, a YFII crypto price prediction from CaptainAltcoin saw a pullback for the coin.

In volatile cryptocurrency markets, it is important to do your own research on a coin or token to determine if it is a good fit for your investment portfolio. Whether YFII is a suitable investment for you depends on your risk tolerance and how much you intend to invest, among other factors.

Keep in mind that past performance is no guarantee of future returns, and do not risk money if you cannot afford to lose it all.

Should I invest in DFI.Money?

It depends. YFII saw a successful first year after exchange listings and adding new products to its protocol. But the token has started to wane and is fluctuating around its launch price.

Whether you should invest in YFII is a question that you will have to answer for yourself. Before you do so, however, you will need to conduct your own research. Never invest more money than you can afford, because prices will go down as well as up.

 

Markets in this article

CAKE/USD
CAKE/USD
3.0848 USD
0.1351 +4.650%
YFI/USD
YFI/USD
7708.05 USD
426.6 +5.990%

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