yieldfarming.insureSAFE
$435
Market/Exchange
SAFE Price Prediction and Price Movement
SAFE has been down 0 percent over the last three months, and with its small market capitalization, it is very likely that such price movement may continue. However three months is still considered early in the crypto world and it is also likely that SAFE's price may bounce back if it has a solid team and has delivered what they promised on their white papers. Therefore traders should be careful and should research thoroughly and see if SAFE is backed by a solid development team and whether SAFE's technology has any potential to grow.
Please note that this analysis is purely base on SAFE's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
yieldfarming.insure Price Chart
About yieldfarming.insure
Governance token for the yieldfarming.insure ecosystem.
Yieldfarming.insure is described to be introducing a new type of farming, Insurance Mining. The project claims to incentivise farmers to buy cover on their staked assets and stake the yNFTs (given to them through yinsure.finance) on the platform. In return, stakers will receive $SAFE. Since yInsure offers two types of cover currency (ETH & DAI), there will be 2 pools, one for yNFT(ETH) and one for yNFT(DAI).
Users' reward rate for the yNFT pools is calculated by the “adjusted cover value”. This value is calculated (when you stake) by taking the original cover amount and multiplying it by the percent of time remaining before expiration.