The developers of the popular DeFi project Yearn.finance kept their promise and launched their own token, repeating the Dogecoin theme.
The WOOFY token is pegged to YFI at a rate of 1 million to 1. The project hopes that such an asset will be more attractive to speculative traders who may be deterred by such expensive tokens as YFI. WOOFY is now the eighth most liquid asset on the Uniswap v3 exchange, surpassing Wrapped DogeCoin (WDOGE) and Shiba Inu (SHIB).
Although YFI holders did not receive any additional tokens in connection with the launch of WOOFY, the airdrop did take place. One of the users, in a commentary to the announcement, urged to send photos of “myself, in which a dog licks your face,” to the lead developer of Yearn.finance banteg. Given the frivolity of everything that happens around Dogecoin, many ignored the offer. However, banteg decided to reward those who responded.
“Woofy airdrop. Sometimes, if you’re addicted enough to memes, a comic airdrop can become a reality, ”he wrote. – Thanks to everyone who posted photos with their dogs, you make the world brighter. Every person who posted a real photo received an airdrop of 5,000 WOOFY ($ 420). ”
Woofy Airdrop
Sometimes, if you meme hard enough, you can turn a joke airdrop into reality. Thanks to everyone who posted a pic with their dog, you make the world brighter. Each person who posted a real photo has got a 5000 WOOFY ($420) airdrop.https://t.co/g1TCMeI78b https://t.co/tNrJpCGGDk pic.twitter.com/eP59AUVyuP
– banteg (@bantg) May 12, 2021
Image: rb12abc, danielnjoo, duchoang1810
The YFI token, meanwhile, continued to rise in price after hitting a new all-time high yesterday. Today its price has surpassed $ 90,000 for the first time, confirming the effectiveness of banteg’s chosen method of drawing attention.
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