I have just read about YFI this morning and it is an only coin which have the price is close to Bitcoin. But I see that this coin is quite unbalanced between the supply and the demand, so lead to the price is pushed very high
The supply is low and the demand is high.What will you expect with that? price will increase.
With a total supply of 30,000 then you sure will understand the economics of it. What I don't understand is that why it has a II version.
https://coinmarketcap.com/currencies/yearn-finance-ii/
Are they related?
They seemed to be connected with each other. If you will check below websites, they have similar statements -
https://yearn.finance/earn
https://yfii.finance/#/
Also, I don't believe being the new gold in crypto, YFI may be close to bitcoin's price but who are really using this coin? Honestly, most of us I assume haven't traded or used this coin in our entire crypto life.
With that warning of using them at their users risk.
What's with that? I didn't know that the project is still in beta and some users are in hype for this project.