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CyberFi Token (CFI) is a utility token developed on the Ethereum blockchain. It was created as a part of a larger project, CyberFi Protocol, which is an open-source, peer-to-peer protocol for lending, borrowing, and trading digital assets on the Ethereum network. CFI is the native token of the CyberFi Protocol and is used to facilitate transactions, access services, and incentivize users to participate in the network.
CFI was launched in 2020 with the mission to create a trustless, secure, and accessible lending platform for users all around the world. The CyberFi Protocol was designed to provide users with a decentralized, secure and cost-effective financial service platform. It also aims to improve transaction speeds, reduce transaction costs, and facilitate trustless lending and borrowing. CFI tokens are used to incentivize users who participate in the network and to reward those who provide liquidity and network security. By providing a platform for decentralized finance, CyberFi Protocol seeks to empower users and create a more equitable and accessible financial system.