DFI.Money is a fork of Yearn.Finance (YFI) which arose from disagreements in the YFI community. Yearn is a yield aggregator for DeFi lending platforms that rebalances for highest yield during contract interaction which supports Compound, dYdX, Aave and DDEX protocols. When users put their money into the platform, it automatically transfers the assets into the protocol that has the highest yield, and returns a proof of stake called yToken. Users can send back yTokens at any time to withdraw their deposits along with the interest.
Bitvavo makes it as easy as possible to buy digital assets and cryptocurrencies.
1. Sign Up
Create a free account with which you can buy, sell, send, receive and store DFI Money. Access your Bitvavo account from every location, on mobile and desktop.
2. Transfer Funds
Verify your account and transfer Euros to your Bitvavo wallet using one of the 8 supported payment methods.
3. Buy and Trade
Buy or sell over 150 digital assets and pay a maximum trading fee of 0.25%. Store your assets in your Bitvavo wallet or send them to your external wallet.
Storing DFI Money and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store DFI Money without any technical knowledge. Here is a brief overview of the existing wallet options to store your DFI Money:
Hosted wallets are wallets where the private keys to your DFI Money are managed by a third party such as Bitvavo. Access to your account is protected by a password and other advanced security features. Once you are logged in, you can easily and conveniently manage your DFI Money online. Bitvavo offers standard hosted wallets for all digital assets that are offered on the platform.
A software wallet is a program installed on your computer or other device in order to use and manage your DFI Money. Using a software wallet gives you full control over your private keys, so you are not dependent on third parties. The risk is that you alone are in charge of the security of your DFI Money, and if malicious parties have access to your device, your private keys (and therefore your DFI Money) can be stolen.
A hardware wallet is a physical device on which you can store your DFI Money offline. It is one of the safest ways to store your DFI Money, because the private keys are stored on a separate and offline device. Access to this device is often protected by a password. In many ways, a hardware wallet can be compared to a safe in which your DFI Money is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive DFI Money. Once you have purchased DFI Money on Bitvavo, you can choose to send your DFI Money from your Bitvavo wallet to your own software or hardware wallet.