Yearn Finance is a DeFi aggregator service that uses automation to assist investors get the most money out of yield farming. Its purpose is to make the rapidly expanding DeFi business more understandable for investors who aren't tech-savvy or prefer to speak in a less serious tone than professional traders. Yearn Finance, the leading yield...
The decentralized finance (DeFi) industry has changed how people access financial services. Previously, interested parties went through intermediaries, such as banks, to get loans, borrow money and save. Yet, statistics show that many people don't have access to traditional...
YFI pioneered the first community-fair-launched token distribution, distributing 30,000 tokens to early protocol users via a surprise yield farming announcement on July 17, 2020. Its purpose is to allow voting and to collect cash flows from the protocol's fees. Yearn Finance is a Decentralized Finance (DeFi) product suite that offers lending aggregation, yield generation, and...
Michael Kong, CEO and CIO of Fantom (FTM) Foundation has come forward to clear the air from the recent Anton Nell’s statement. Developers Andre Cronje and Anton Nell in a tweet announced that they are leaving Defi and crypto space. Developers’ declaration sent the Fantom (FTM) and Yearn Finance (YFI) tokens towards the freefall. Will...
Fantom Foundation has responded to the news of Andre Conje exiting crypto. The announcement which came early on Sunday saw Anton Nell and Andre Conje announce their departure from crypto and decentralized finance (DeFi) and any contribution thereof. This had sent shocked the community as it came seemingly out of nowhere, leaving many questioning the fate of the blockchain. Fantom Foundation had been...
Yearn, the seventh-largest DeFi application on Ethereum by Total Value Locked (TVL), has launched its service on the Arbitrum Ethereum Layer-2 network. Four months ago, Yearn took its first steps outside of the Ethereum base chain when Yearn added support for the Fantom Layer-1 blockchain. By a...
Unprecedented demand for goods and services in the US market has pushed the prices to go off the roof. For the first time in nearly 40 years, inflation in the US breached the 7% mark. As a result, to put an end to the misery, the Fed has started tapering with plans to reduce asset purchases in 2022 by nearly $30 billion. As...
Thanks to the growing buzz surrounding non-fungible tokens in the gaming Industry. Creators are creating play-to-earn games while leveraging NFTs to create an avenue for players to earn money to supplement their income. DeFi Kingdoms is a special kind of game that incorporates decentralized finance and NFTs. This has helped the growing Industry attract interested users....
Andre Cronje, best known for creating the popular yield aggregator Yearn Finance (YFI), recently argued on Twitter that the DeFi sector should ditch the old buzzword and stop calling itself “decentralized”–in favour of a more accurate descriptive term....
YFI is the governance token for the Yearn Finance protocol. Its purpose is for voting and to receive cash flows from the fees earned by the protocol. Yearn Finance is a suite of products in Decentralized Finance (DeFi) that provides lending aggregation, yield generation, and insurance on the Ethereum blockchain. The protocol is maintained by various...
Yearn Finance has acquired over 8.15 YFI as part of a planned buyback, it announced in a tweet yesterday. An average of $408,000 was paid by the team for the holdings. “Yearn has purchased an additional 8.15 YFI for $408K at an average price of $50,121 per YFI,” the team wrote on...
DeFi protocols Curve and Yearn Finance are connected as one relies heavily on the other for liquidity provision and pools. Respective token prices, however, are currently in a state of divergence. The divergence was observed by Messari researcher Mira Christanto, who noted that the two DeFi protocols are intrinsically linked so when one goes...
Yet another exciting update on the Crypto.com exchange. This time, the popular crypto fintech platform has disclosed plans to list three new cryptocurrencies as loan currencies on its lending platform. This is great news for the entire Crypto.com community as users will have more options to choose from when accessing the fintech’s platform loan feature. Interestingly, it has also added support for DAI...
The price of Yearn Finance's YFI token has jumped after Grayscale's YFI trust registration was publicized online. Grayscale Pushes YFI Higher On Feb. 10, the asset management firm Grayscale Investments LLC....
Yearn Finance has passed a proposal to increase the maximum supply of its YFI token, according to the project's governance pages. Yearn Finance Breaks Its Supply Cap...
The vote to mint an additional 6,666 YFI in order to fund future development on the Yearn protocol has passed.
Yearn.Finance is back in the game after a massive 40% breakout in just one day on January 7 and a lot of continuation in the next three days touching $39,939 on Binance and $40,000 on several exchanges. YFI price is currently changing hands at $31,500 after a consolidation period of a few days. The digital asset has been extremely volatile in the past...
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...
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