YFI与YFII被DeFi玩家爱称为“大姨夫”、“二姨夫”。
在8月末9月初的这几天，这两位“亲戚”携手双双发力，掀起了币圈新热潮。
In the days of late August and early September, the two “relatives” joined forces to set off a new wave of currency.
YFI从19281美元涨至最高39205美元，创下了加密货币价格新高；YFII从1125美元涨至最高9315美元， 价格翻了8倍。
YFI increased from US$ 19281 to US$ 39205, creating a new high price for encrypted currency; YFI II increased from US$ 1125 to US$ 9315, with prices doubling eightfold.
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其中，YFI从3美元治理代币到现在涨了万倍，甚至超过了被称为业界天花板的比特币，这仅仅花了不到2个月的时间。
Among them, YFI has increased by several thousand times from $3 to the present, even exceeding the bitcoin known as the industry ceiling, which took less than two months.
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DeFi走热以及YFI和YFII的诞生，为整个行业带来了许多的暴富神话。
The heat of DeFi and the birth of YFI and YFII have brought many violent myths to the industry as a whole.
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那么YFI,YFII到底是什么？
So what the hell is YFI, YFIII?
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与操作越来越简便的中心化交易所相比，去中心化金融拥有较高的门槛。
Decentralization has a high threshold compared to increasingly simple centralized exchanges.
特别是随着各DeFi项目产品的不断推出及火热，市场呈现利好的趋势，用户想跟上却不断被抛下。
In particular, as the products of the DeFi projects continued to be rolled out and hot, the market tended to be profitable and users were constantly left behind, trying to keep up with them.
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这时候聚合器出现了，为的就是降低使用门槛。
At that time, polymers appeared in order to lower the threshold for use.
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聚合器并不是去中心化金融首创的。
The polymer is not a financial initiative to centralize.
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在互联网领域，聚合器捕捉了绝大多数的价值。谷歌聚合了各种网站内容、Facebook聚合了社交关系和内容、亚马逊聚合了商品和交易等等。
In the area of the Internet, polymers capture the vast majority of values. Google brings together a variety of website content, Facebook brings together social relationships and content, Amazon brings together goods and transactions, and so on.
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而在币圈，聚合器是聚合各家流动性的平台。举个例子，A交易所有1万枚比特币买盘，B交易所有1万枚比特币卖盘，那么聚合器就是将这些聚合在一起，撮合交易。
And in the currency circle, the polymer is the platform to aggregate the mobility of each household. For example, A deals all 10,000 bitcoins for a plate, B trades all 10,000 bitcoins for a plate, so the polymer aggregates these together and arranges the deal.
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Yearn.finance是一个去中心化借贷聚合器，它将去中心化借贷平台的利息标准化，帮助用户把资产放在利息最高的平台上赚取利息收益。
Yearn.finance is a decentralized lending polymer that standardizes interest on the decentralized lending platform and helps users to put assets on the platform with the highest interest.
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7月中旬，Yearn.finance推出治理代币YFI。
In mid-July, Yearn.finance launched YFI for governance.
总供应量只有3万枚，没有私募、没有预售、没有团队预留，完全采取线上治理模式，由社区治理决定未来走向。
The total supply is only 30,000, with no private fund-raising, no pre-sales, no team reservations, and a fully online governance model, with community governance determining the way forward.
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尽管Yearn.finance的创始人Cronje公开说明YFI没有任何金钱价值，仅仅是为了将项目的控制权去中心化，下放到社群中去。
Although Cronje, the founder of Yearn.finance, publicly stated that YFI had no monetary value, it was merely to decentralize control over the project and decentralize it to the community.
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但市场的热情是抵挡不住的。
But the enthusiasm of the market is unstoppable.
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最初YFI加入Balancer流动池的时候，价格约为3美元，一周过后，YFI价格涨至最高价格4500美元。
When YFI first joined the Balancer pool, the price was about US$ 3 and after a week, YFI prices rose to a maximum price of US$ 4,500.
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代币价格上涨带来的收益十分具有吸引力。
The gains from the increase in the price of currencies are highly attractive.
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在7月26日，这3万枚YFI就被挖完了。如果没有了YFI这一挖矿收益，就可能导致大量用户、资金离开Yearn.finance，选择其他平台。
On 26 July, the 30,000 YFIs were excavated. Without the YFI mining proceeds, it would have led to a large number of users, funds, leaving Yearn.finance and choosing other platforms.
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为了挽留这些用户及资金，同样也为了保证平台的业务能正常运行，一些社区成员发起了增发提案——YIP-8提案。
In order to retain these users and funds, as well as to ensure the proper operation of the Platform, a number of community members have launched an additional proposal, the YIP-8 proposal.
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这个YIP-8提案虽然号称得到了80%的支持，但实际上，连最低要求33%都没有达到，最终提案没有通过。
Although the YIP-8 proposal had received 80 per cent of support, in practice the minimum requirement of 33 per cent had not been met and the final proposal had not been adopted.
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这些成员不死心呀，就发起了硬分叉，YFII诞生了。
If they didn't give up, they started the hard fork. YFII was born.
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YFII采取的是类似比特币的减半增发机制，每周增发量减半，总共10周。
YFII has adopted a half-per-cent growth mechanism similar to Bitcoin, with a half-per-week increase for a total of 10 weeks.
10月7日，YFII代币就会被挖完。
On 7 October, YFII tokens will be excavated.
届时会还出现新的“三姨夫”吗？现在是个未知数。
Is there going to be a new "thirteen-year-old"? It's an unknown number.
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YFI与YFII为何能一路暴涨呢？
Why would YFI and YFII go all the way up?
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1.?门槛降低，用户得以进入
1. Lower threshold and user access
市场想要得到发展，就需要有外部力量持续进入。
For markets to develop, they require sustained access by external forces.
Yearn.finance采用的聚合器概念就很好降低了DeFi的入门门槛。
The polymer concept adopted by Yearn.finance is a good way to lower the entry threshold for DeFi.
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2.?极度的稀缺性
2.? Extremely scarce.
代币总量包括了矿池锁定数量和外部流通量。
The total amount of the currency includes the number of locks and external circulation of the ponds.
总量少，并且大部分代币被锁在了不同的矿池中，外部流通的数量少之又少，供不应求，涨价是必然的。
The volume is small, and most of the tokens are locked in different ponds, and the volume of external circulation is minimal, supply is inadequate and price increases are inevitable.
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3.?踩在风头
♪ On the wind ♪
DeFi概念的走热、流动性挖矿的火爆，再加上前文说过的降低门槛。
The heating of the DeFi concept, the explosion of mobile mining, and the lowering of the threshold, as mentioned above.
多股“东风”一齐发力，用户肯定会看好。
Many of the “East Winds” are working together, and users are sure to look after them.
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4.?获取方式公平，社区疯狂传播
4. Equitable access, community madness.
没有团队份额、没有私、公募、没有预挖，只能通过为矿池提供流动性来获得代币的方式对散户非常友好。
No team share, no private, no public fund-raising, no pre-drawling, and very friendly to the diaspora only by providing liquidity to the ponds.
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这两个代币爆涨的很大一部分原因其实是DeFi。
The reason for a large part of the rise in these two tokens is, in fact, DeFi.
Cronje也表示，目前市场正处于狂热期，看上去很好，但这却是问题所在。“一旦诱惑消失，资金就会自动离开，那么支撑当今局面的力量也会崩塌。”
Cronje also said that the market is in a state of fanaticism and looks good, but that's the problem. “When the temptation disappears, the money will leave, and the forces that support today's situation will collapse.”
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不过好在，YFI与YFII也是有它们自己的价值的。例如做借贷套利的EARN、做流动性挖矿的Vault等产品。
But, as a matter of fact, YFI and YFII also have their own value. For example, EARN, loan arbitrage, Vault, etc.
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DeFi必然有降温的一天，但DeFi会持续存在。
DeFi is bound to have a day of cooling down, but DeFi will persist.
自身的产品就是能够在DeFi领域长久走下去的底气。
Its product is the bottom line that can go on for a long time in the area of DeFi.
期待YFI,YFII这大小姨夫能够给我们带来更多惊喜。
Let's hope YFI, YFII's big and small uncle brings us more surprises.
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