[APAC] Crypto Spotlight: Have you met YFI yet?

Did you hear the news? We’ve got two new cryptocurrencies in the Wirex app – YFI and UNI. We’re also scrapping exchange fees when you buy these tokens for a whole month!

On top of that, you can also get a $5 bonus when you buy $50 worth of YFI. *

But what is YFI all about? Here’s what you need to know before you start buying or exchanging.

Say hello to YFI

Meet YFI - a relatively new cryptocurrency, created by Andre Conje and launched in 2020. YFI offers several lending and trading services. It also serves to deploy contracts on the Ethereum blockchain, as well as other decentralised exchanges like Balancer and Curve.

What does it do?

YFI is all about lending and trading:

APY – shows you a collection of interest rates across different lending protocols

Earn – looks for the highest interest rate you can earn when lending

Vault – shows you several investment strategies which give you the best returns from other DeFi projects

Zaps – collects and puts together multiple trades, allowing you to complete multiple investments at once.


Crypto Spotlight YFI June EEA & APAC Terms & Conditions
The following terms and conditions (“Terms”) shall apply to the Crypto Spotlight Might Promotion (the “Promotion”) which is offered by UAB Wirex in the European Economic Area (“EEA”) and Wirex Pte Ltd in the Asia Pacific (“APAC”) (each separately referred to as “Wirex”):
1. The Promotion will run from 00:01AM (GMT) on 14 June 2021 until 23:59 (GMT) on 20 June 2021 (the “Promotion Period”).
2. This Promotion is only open to verified users of the Wirex Service (as defined by the applicable Wirex terms & conditions: Wirex | Making currencies equal and available to everyone) resident in the EEA and APAC regions (“Eligible Participants”). For the avoidance of doubt, no other users of the Wirex Service are eligible for this Promotion.
3. The Promotion applies to Eligible Participants who makes a YFI cryptocurrency purchase with a minimum exchange value of at least EUR 50 (in the EEA) and US$50 (in APAC) via debit or credit card in the Wirex app during the Promotion Period (“Qualifying Transaction”).
4. Any Eligible Participants who make a Qualifying Transaction prior to or after the Promotion Period will not be counted.
5. Qualifying Transactions are limited to one per customer during the promotion period.
6. The Reward will be paid to all Eligible Participants who make a Qualifying Transaction within the Promotion Period (“Qualifying Participants”).
7. The Reward will be paid to Qualifying Participants’ accounts within 30 Working Days of the end of the Promotion Period. Once a Qualifying Participant has received the Reward, it can be converted to traditional fiat currency through the Wirex Service.
8. “EUR” means Euro.
9. “Reward” means the WXT equivalent to EUR 5 (in the EEA) and US$5 (in APAC) which will be calculated by an exchange rate set by Wirex from time to time in its absolute discretion. For the avoidance of doubt, there is no specified total Reward amount for this Promotion and the Reward may be amended or cancelled by Wirex at any time.
10. “US$” means United States Dollar.
11. “Working Days” means Monday to Friday, excluding weekends and any public holidays when the banks of England are closed for business.
12. “YFI” means the Yearn Finance Ethereum token cryptocurrency available through the Wirex app in the EEA and APAC.
13. Subject to applicable law, Wirex will not under any circumstances be liable to compensate Wirex users, Eligible Participants, Qualifying Participants or other third parties for any losses or damages occurring as a result of their participation or engagement with this Promotion.
14. Wirex may, at its sole discretion, revise any of these Terms or terminate this Promotion at any time without prior notice to Wirex users, Eligible Participants, Qualifying Participants or other third parties.
15. This Promotion is launched by Wirex independently and there are no partnerships between Wirex and any merchant or other third parties relating to this Promotion.
16. The Terms of this Promotion are governed by the laws of England and the parties irrevocably agree that the courts of England shall have exclusive jurisdiction to hear, settle and/or determine any dispute, controversy or claim (including any non-contractual dispute, controversy or claim) arising out of or in connection with this Promotion.
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