Golden Outpost | Woofy, a new project that splits YFI tokens, is here.YFI breaks through $90,000

Last night and this morning, Yearn.finance (YFI) suddenly emerged.

According to data from Huobi Global, as of press time, YFI has risen to 95887.53YSDT, an increase of 70% from 56297.92USDT when the market opened on May 11. Now it has fallen back, and the quotation is 85458.19USDT.

This round of YFI's rise is directly related to the new projects launched by its core developers.

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On May 12, yearn.finance (YFI) core developer banteg tweeted about Woofy, a new project that splits YFI tokens. Woofy tokens use a special Woof technology that allows two-way conversion between WOOFY and YFI. According to Woofy’s official exchange website, every 1 YFI can be exchanged for 1 million WOOFY tokens, and WOOFY can also be exchanged back to (Unwoof) YFI.

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In this regard, SushiSwap co-founder 0×Maki tweeted today that the SushiHOUSE proposal approved 2% of the DeFi distributable funds. I think it is the only sensible thing to allocate 1% of the funds to WOOFY, and the rest will be allocated to the yearn ecosystem. index. Another Twitter user said that the high price of YFI is not conducive to speculative traders. Many traders are looking for cryptocurrencies below $1, and Woofy may continue the DOGE and SHIB craze.

Currently, the BiKi platform supports the exchange of YFI to WOOFY, and will open the WOOFY/USDT trading pair at 11:30 on May 12 (GMT+8), and the deposit and withdrawal business is now open. In addition, it can also be exchanged on the woofy official website https://woofy.finance/.

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