YFX

The YFX team has completed a significant token burn, permanently removing 19,964,117.87978 YFX tokens from circulation. This strategic burn reduces the total supply to 20,335,881.12022 YFX. The burn transaction has been verified and can be tracked on Etherscan: - Previous supply: ~40.3M YFX - Amount burned: ~19.96M YFX - New total supply: ~20.34M YFX This follows a similar burn of 20M FIRE tokens earlier this year, demonstrating the team's commitment to supply management. [View burn transaction on Etherscan](https://etherscan.io/tx/0x593e2eed6218e083ab0a1966548b750826b87085a9b4248fa4295936874c02d7)

YFX, the decentralized perpetual trading protocol, has announced a significant shift in its licensing model. The project has eliminated all commercial licenses, transitioning to a completely free, open-source model under the AGPL license. This move aligns with YFX's core mission as a decentralized perpetual trading protocol built for traders, by traders. The transition to AGPL ensures maximum transparency and community participation. - All previous commercial restrictions removed - Full codebase now freely accessible - AGPL license implementation effective May 11, 2025 Learn more at [YFX.com](https://yfx.com)

YFX, a DeFi trading platform, has announced its complete service termination effective May 11, 2025. Key points: - All trading services will cease - Users must withdraw assets before the deadline - Platform will be permanently discontinued This follows their initial closure announcement from April 2025. Users are strongly advised to: - Close all open positions - Cancel pending orders - Withdraw all assets immediately **Important**: After May 11, access to funds may be permanently lost. [Official announcement](https://medium.com/@yfxdefi/yfx-service-termination-announcement-effective-may-11-2025-8101bb298e1f)