Tag: yearn finance

Oct 12 2020

Why investors are optimistic after “painful” DeFi correction despite YFI plunge

Oct 12 2020 Published at CryptoSlate under tags  analysis defi yearn finance yfiusd

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...

Oct 04 2020

DeFi Market Roundup: DeFi Suffers Major Losses

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...

Oct 01 2020

YFI, Aave, Maker surge up to 30% overnight, what’s fueling the DeFi recovery?

Oct 01 2020 Published at CryptoSlate under tags  aave analysis defi ethereum maker

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...

Sep 29 2020

Unreleased Project by Yearn Finance Lost $15 million

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,...

Sep 23 2020

UNI, SNX, and DeFi tokens recover on Yearn.finance (YFI) lead: what’s next?

Sep 23 2020 Published at CryptoSlate under tags  analysis yearn finance yfiusdt

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...

Sep 21 2020

Slump of Y tokens: why Yearn.finance (YFI)’s momentum is weakening—for now

Sep 21 2020 Published at CryptoSlate under tags  analysis edge yearn finance yfi yfiusd

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...

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