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...
Decentralized Finance (DeFi) protocols have accumulated a total value locked (TVL) figure of $16.1B and feature a combined market cap of $20B. Now, investment into major DeFi protocols has raised the net worth of many individuals who were savvy enough to capitalize on the new opportunities and minted new millionaires. With the DeFi fever at all time high and major developments happening across,...
Yearn.Finance price is currently trading at $22,681 and remains inside a daily uptrend. However, it seems that bears are slowly taking control after the digital asset failed to hold two critical support levels on the daily chart. The entire cryptocurrency market remains relatively stable with Bitcoin hovering around $18,00 0 and inconclusive bearish breaks without continuation. Yearn.Finance Price Analysis: Bearish Targets Despite the...
We have come a long way since the early rise and fall of the cryptocurrency market back in 2017. A lot of new coins emerged, and interesting concepts shaped up in this new industry, establishing solid grounds to enter a prosperous 2021. But let's face it...If you don't own millions, you won't make millions with Bitcoin anymore like in the good old days,...
The long awaited second iteration of yield farming and DeFi strategy platform Yearn Finance was launched on 7th Dec. In the coming weeks, it will be deployed gradually and it is being expected that the complete deployment would finish by the end of Dec 2020. Besides bringing major capability enhancements to the premier Decentralized Finance (DeFi) protocol and is highly likely to push...
Yearn.Finance price is currently at $28,520 bounded inside a symmetrical triangle pattern formed on the 1-hour chart. The digital asset is still in a retracement period since its high on December 2 at $31,780. Both bulls and bears see different indicators to support their cause. Let's dive into the most important technical and on-chain metrics. Yearn.Finance Price Analysis: Technical Indicators The most critical...
Things move fast in decentralized finance. And top DeFi yield aggregator project Yearn moves even faster. Indeed, while the successful start of Ethereum 2.0 captured the majority of attention this week because it bodes a mainstream future for the network, there was another string of developments in recent days that will likely prove pivotal for [...] The post Yield Aggregator Protocol Yearn: Becoming...
Are you excited about the current Bitcoin rally? Do you want to make the most out of it, receive trading tips, daily technical analyses on cryptocurrencies, and join the discussion with our experts? We got all of your...
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...
The cryptocurrency market is hopping. The major cryptocurrencies like Bitcoin, Ethereum, and Ripple are displaying great performance but some of the altcoins are also displaying crazy progress. At the time of writing this, the Bitcoin price is sitting at $18132.79. Here are the...
On the 18th midnight UTC+1, Yearn.Finance made an incredible jump of 13% within 1 hour of trading. Volatility was going through the roof, as increased demand for this specific token sent its price shooting high. Usually, when prices behave in a...
On the 18th midnight UTC+1, Yearn.Finance made an incredible jump of 13% within 1 hour of trading. Volatility was going through the roof, as increased demand for this specific token sent its price shooting high. Usually, when prices behave in a...
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