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About EIFI

Decentralized finance (Defi) has shifted the way that cryptocurrency users interact with the protocol. Instead of a novel infrastructure for processing data, Blockchain assets for the first time could enjoy currency features like compound interest and decentralized trading. Compared to traditional financial services, Defi protocols gave back the asset ownership to users rather than intermediaries and created a market that could be trusted by protocol rather than centralized entities. As one of the most mature smart contract platforms, Ethereum currently hosts over 90% of the assets in Defi.We have worked tirelessly to contribute our efforts towards the advancement of the specialized development field of centralized and decentralized exchange development. Our early development has led some industry experts to refer to the EYFI Team as ‘pioneers’ of Crypto exchange technology. Since our launch, we have continued to learn and grow as an organization, and our once small team has grown into a far-reaching and diverse group; at present we have to Team members from nearly every continent. EYFI Finance is committed to providing professional Crypto asset management platform and services for 1,00,000 users in over 40+ countries worldwide, with an EYFI community of over 20,000 people in Europe, Vietnam, South Africa, the USA, Russia, Korea, and China.

Eifi FInance (EIFI) is a cryptocurrency launched in 2021. EIFI has a current supply of 0 with 0 in circulation. The last known price of EIFI is 0.001980449172 USD and is -0.000017643901 over the last 24 hours. It is currently trading on active market(s) with $3.86 traded over the last 24 hours. More information can be found at https://eifi.com.

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EIFI Price Statistics
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Updated Jun 24, 2024 4:30 am
Eifi FInance
Mkt Cap $0
There's nothing here for now
Curve Finance Founder's Large Token Holdings Lead to Market Panic
Curve Finance Founder's Large Token Holdings Lead to Market Panic
According to Bloomberg, in the cryptocurrency industry, it's typical for founders to accumulate substantial amounts of their project's native token as a stake in the business. This approach, while promoting transparency and offering a more liquid exit strategy, can sometimes lead to complications. For instance, when executives and venture-capital backers hold significant portions of a token, market liquidity can become scarce when they sell. This has led some to resort to unconventional methods to liquidate their holdings. A recent incident involving Curve Finance founder Michael Egorov serves as a prime example. Egorov's trading of nearly $96 million in stablecoin loans was backed by approximately $140 million of his CRV holdings as collateral. This collateral was spread across several DeFi platforms, including Curve's own LlamaLend. However, when the price of CRV plummeted following the hack of a small DeFi lender this month, the value of Egorov's collateral also fell, forcing his positions into liquidation. This forced selling resulted in millions of dollars in bad debt for Egorov and Curve, and triggered widespread market panic among CRV investors. The value of the coin briefly hit a record low following the liquidation. Egorov subsequently sold more CRV tokens in an over-the-counter deal to cover most of Curve's bad debt. In a statement, Egorov confirmed that he personally repaid most of the bad debt and was committed to ensuring that all users could withdraw their deposits without any issues. This incident highlights the challenges faced by crypto founders and early backers when they attempt to realize the value of their holdings. The market's volatility and immaturity often mean that holdings are too dense for buyers to handle when sold in large quantities. This experimental nature of crypto markets allows for such situations, giving buyers, sellers, and builders the freedom to test the boundaries of finance without traditional rules.
Jun 24, 2024 3:33 am

Frequently Asked Questions

  • What is the all-time high price of Eifi FInance (EIFI)?

    The all-time high of EIFI was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Eifi FInance (EIFI) is 0. The current price of EIFI is down 0% from its all-time high.

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  • How much Eifi FInance (EIFI) is there in circulation?

    As of , there is currently 0 EIFI in circulation. EIFI has a maximum supply of 150.00M.

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  • What is the market cap of Eifi FInance (EIFI)?

    The current market cap of EIFI is 0. It is calculated by multiplying the current supply of EIFI by its real-time market price of 0.001980449172.

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  • What is the all-time low price of Eifi FInance (EIFI)?

    The all-time low of EIFI was 0 , from which the coin is now up 0%. The all-time low price of Eifi FInance (EIFI) is 0. The current price of EIFI is up 0% from its all-time low.

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  • Is Eifi FInance (EIFI) a good investment?

    Eifi FInance (EIFI) has a market capitalization of $0 and is ranked #7188 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Eifi FInance (EIFI) price trends and patterns to find the best time to purchase EIFI.

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