
‘Let’s Not Be Bitcoin’: Yearn Finance Considers Minting $200M in New YFI Tokens
Turns out the "no inflation" meme may not be here to stay.
Turns out the "no inflation" meme may not be here to stay.
Decentralized finance protocol Yearn Finance has entered the final preparations for its version two launch but that has failed to prevent its native YFI token from slumping. In its latest weekly update, Yearn Finance has summarized its most recent DeFi offerings, which include leveraged vaults when version two finally goes...
If you've been following the cryptocurrency space closely in 2020, you'll know that this was one of its busiest years to date. Though the community rallied behind a few heroes, several villains emerged during this year's frenzy. Top 10 Crypto Villains With Bitcoin earning renewed mainstream attention...
Popular DeFi protocol, Bounce Finance, which acts as an auction house, lottery, and prediction market, has integrated yEarn and opened up a yGift store. yEarn Launches NFT Marketplace on Bounce yGift labels itself as an NFT platform "for gifts, grants, and gratitude." NFTs are...
Yearn Finance is an Ethereum-based, open-source DeFi lending protocol. The concept of Yearn Finance is to maximize the user's yield by automatically moving the user funds among different DeFi lending protocols like Compound, Dydx, Curve, or Aave. It is one of the most popular and most decentralized DeFi projects in the crypto industry till now. The platform was single- handedly developed by Andre Cronje...
YFI had a wild week jumping from a low of $7,451 on November 5 to a peak of $17,500, and still currently trading at $15,165, outperforming the market, even Bitcoin. YFI has been trading inside a massive downtrend since September 13. The digital asset formed a head and shoulders pattern which broke bearish on October 2 with a lot of continuation, dropping the...
Whenever Andre Cronje, Founder Yearn Finance tweets about a coin, crypto users rush to buy that coin. This is what is happening to Hegic right now. It seems Hegic technology stack has impressed Andre. According to his tweet, he and Molly Wintermute, Hegic’s anonymous developer have come up with exciting ways to create generic call/put options for any Uniswap protocol pair. To take...
The prices of decentralized finance (DeFi) darlings Yearn.finance (YFI) and Uniswap (UNI) plummeted in the past week. Despite the DeFi marketwide correction, investors are positive that the pullback occurred. In the past seven days, YFI and UNI declined by by 8.39% and 5.98% respectively. The stagnant short-term trend of the two assets come after a 40% to 60% drawdown since September. Investor lays...
In the last week, the cryptocurrency market has experienced several major ups and downs, sending the volatility of many cryptocurrencies soaring. However, while most top-ten cryptocurrencies by market capitalization are either flat or trading in the green in the last week, most major DeFi coins are suffering from shattering losses over this timescale. As per data from CoinGecko, eight of the top ten...
Yearn.finance (YFI), Aave (LEND), and Maker have surged 12% to 30% overnight. The decentralized finance (DeFi) market strongly rebounded in a short period, lifting the overall market sentiment. Two factors primarily triggered the resurgence of DeFi in the last 24 hours. First, Bitcoin and Ethereum...
The explosive growth of Yearn Finance allured DeFi scalpers to Eminence Finance, the next big Andre project. These high-risk appetite DeFi proponents lost $15 million as the unaudited code of Eminence was exploited by an attacker. The project was not due to go live until the next three weeks and information was made public. As a matter of fact, there is no website,...
Decentralized finance (DeFi) tokens, including Uniswap (UNI) and Synthetix Network (SNX) are recovering with the lead of Yearn.finance (YFI). Following brutal 40% to 50% corrections across the market, the DeFi space is taking a breather. Since its peak on September 13 at $43,390, YFI dropped by more than 50% to as low as $21,640. Since its bottom on...
Since September 12, the price of Yearn.finance (YFI) dropped from $43,937 to as low as $26,222. YFI’s 40% decline within eight days caused other Y tokens and decentralized finance (DeFi) tokens to plummet. DFI.Money (YFII), YFLink (YFL), YFValue (YFV), and other Y tokens dropped harder than YFI in the past two weeks. DeFi market is taking a...