Tag: yfiusd

Oct 24 2020

Top DeFi coins Yearn.finance (YFI) and AAVE rip 10% higher as Bitcoin holds $13k

Oct 24 2020 Published at CryptoSlate under tags  aaveusd altcoins defi price watch yfiusd

The past seven days have actually been quite mediocre for top coins in the decentralized finance (DeFi) space. Compared to Bitcoin and Ethereum, which both have gained around 15 percent in the past seven days, many DeFi coins have oscillated around a zero percent weekly performance....

Oct 23 2020

Yearn.finance Price Prediction: YFI Yearns For A Bottom, Breakdown Under $10,000 Seems Imminent?

Oct 23 2020 Published at Coingape under tags  altcoin news defi news news price analysis yearn

Yearn finance attempts to build a breakout above the $13,000 support but hits a barrier at the 50 SMA. YFI/USD could resume the breakdown aiming for...

Oct 22 2020

This Yearn.finance (YFI) “competitor,” Harvest, just hit $1,000,000,000 in deposits

Oct 22 2020 Published at CryptoSlate under tags  altcoins defi yfiusd

Most investors lack the knowledge, time, and spare Ethereum to yield farm for themselves. Thus, like with index funds and other "simple" financial products, innovators in the cryptocurrency space have created platforms that automate the process. Yearn.finance is by far the largest of these products. After YFI launched months ago,...

Oct 20 2020

Founder of DeFi’s Yearn.finance (YFI) just launched another Ethereum experiment

Oct 20 2020 Published at CryptoSlate under tags  defi yfiusd

Yearn.finance (YFI) founder Andre Cronje is full of ideas, even after he managed to roll out one of the most successful crypto projects in history. The DeFi innovator recently unveiled his latest experiment, a network called the Keep3r Network, whose native token is KPR....

Oct 19 2020

After helping Yearn.finance to $1b, Blue Kirby called it quits. But now he’s back

Oct 19 2020 Published at CryptoSlate under tags  people yfiusd

As crazy as it may sound, one of the most talked-about figures in the Ethereum and DeFi space over recent weeks has been a pseudonymous user called "Blue Kirby." After creating his account in July, Blue Kirby, under the guise of a blue version of the Nintendo character Kirby, built up a massive following on Twitter by providing users insights into...

Oct 18 2020

Ethereum data: Top crypto investor Polychain has accumulated 330 Yearn.finance (YFI)

Oct 18 2020 Published at CryptoSlate under tags  altcoins defi yfiusd

Yearn.finance (YFI) has faced an extreme decline in recent weeks as the once- leading DeFi project has faced a series of shortcomings. As CryptoSlate reported previously, FTX and Alameda Research CEO Sam Bankman-Fried said that the asset's...

Oct 15 2020

Yearn.Finance Founder Admits Backfiring of ‘Test In Prod’ Statement; Clarifies Building for Devs

Oct 15 2020 Published at Coingape under tags  andre cronje defi defi news yearn.finance yfiusd

So far, 2020 has been a great year for decentralized finance [DeF[]. This also goes for the several DeFi platforms including Yearn. Finance. But the same cannot be said for it...

Oct 14 2020

Yearn.finance founder launched a new Ethereum experiment, gained $6m in hours

Oct 14 2020 Published at CryptoSlate under tags  defi yfiusd

One of the most prominent innovators in DeFi, Yearn.finance (YFI) founder Andre Cronje shocked the crypto industry once again on Tuesday when he rolled out his latest experiment. Unfortunately, users did not heed the warning that this was an experiment, subsequently siphoning over $6 million worth of capital into the contracts. Many were hoping to get in early on a project launched by...

Yearn.finance: YFI could dump again if this resistance is not flipped into support

Yearn.finance immediate upside capped by the 50 SMA as bearish pressure intensifies. On-chain analysis suggests that the path with the least hurdles...

Oct 13 2020

Fund manager on why DeFi’s Yearn.finance (YFI) dropped 75% from highs

Oct 13 2020 Published at CryptoSlate under tags  defi yfiusd

Yearn.finance (YFI) has undergone a strong decline over recent weeks after a record-setting rally. According to CryptoSlate market data, the Ethereum-based YFI coin currently trades for $15,800 — a price 65 percent off the all-time high price of $44,000. At the recent trending...

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 08 2020

YFI, LEND, CRV, UNI Prices Plunge, is it The Death of DeFi?

Oct 08 2020 Published at Coingape under tags  aave crv crvusd curve defi

Tokens related to decentralized finance are getting battered again today with many of the top performing ones in recent months losing double digits over the past week. Analysts are starting to call DeFi a bubble. The...

Oct 07 2020

Buy Signals Trigger On DeFi Tokens Chainlink & YFI As Hopes Of Rebound Mount

Oct 07 2020 Published at Bitcoinist.com under tags  altcoins bitcoin chainlink defi ethereum

DeFi tokens like Chainlink and Yearn.Finance dominated the crypto market all throughout the summer months. But a recent shift in sentiment has prompted investors to derisk and these same coins have been crashing deeply. And while there's no certainty that a reversal is near, a buy setup has triggered on these two once top-performing tokens that could at least provide a dead cat...

Oct 06 2020

Yearn.finance’s (YFI) loudest bull, Blue Kirby, distances himself from the Ethereum protocol

Oct 06 2020 Published at CryptoSlate under tags  altcoins defi yfiusd

Like Bitcoin, Yearn.finance (YFI) doesn't have a centralized figurehead. For the sake of the long-term security and stability of the protocol, it shouldn't have one anyway. But also like Bitcoin and other top crypto-assets, Yearn.finance has promoters or "shillers," one could say. The most prominent of these promoters is "Blue Kirby," a Twitter user that created his account shortly after the launch of...

Oct 05 2020

Yearn Finance’s YFI Token Loses Ground After Slashing Over 55% Since ATH

Oct 05 2020 Published at Coingape under tags  defi defi news ufiusdt yearn.finance yfi

Buoyed by the stellar returns, several DeFi-based tokens have enjoyed the wild wave in the decentralized space. One of the...

Yearn.finance faces capitulatory decline as investors remove the “Cronje premium”

Oct 05 2020 Published at CryptoSlate under tags  analysis defi price watch yfibtc yfiusd

The price of Yearn.finance’s governance token – YFI – has been plummeting as of late, with the sell-side pressure overwhelming the cryptocurrency’s bulls as it shatters multiple key support levels that were previously boosting its outlook. This has struck a blow to the community sentiment that has been so pivotal for incubating its growth, which has been compounded by the exit of prominent...

Oct 01 2020

Yearn.finance Price Forecast: YFI Poised For A Rally To $35,000

Yearn.finance bounces off support validating a key bullish outlook. The formation of double-bottom pattern prints a positive picture for gains...

Sep 30 2020

Why analysts are concerned with Yearn.finance (YFI) following EMN debacle

Sep 30 2020 Published at CryptoSlate under tags  analysis defi price watch yfibtc yfiusd

YFI – the governance token of the Yearn.finance ecosystem – has been plunging lower throughout the past 24 hours, with it reverting nearly all of its recent gains as buying pressure begins evaporating. Yesterday, the drama surrounding one of the external projects being developed by Yearn.finance founder Andre Cronje helped fuel the token’s ongoing downtrend. This external project was a card game...

DeFi darling Yearn.finance (YFI) deployed a new token—then $15m was stolen

Sep 30 2020 Published at CryptoSlate under tags  altcoins defi yfiusd

It's been yet another crazy day for the decentralized finance (DeFi) ecosystem. If you've been on Twitter, you likely know of a new Ethereum project called Eminence and the subsequent $15 million hack. Here's a brief recap of what happened for those not yet in the know. The launch(?) 24 hours ago as of this article's writing, Andre Cronje, the founder of...

Sep 24 2020

Yearn.finance (YFI) yields are plunging: is this a risk for the Ethereum DeFi darling?

Sep 24 2020 Published at CryptoSlate under tags  defi price watch yfiusd

It's fair to say that it's been a slow past few weeks for the decentralized finance space. Due to a confluence of trends including but not limited to DeFi becoming crowded, venture capital firms launching "industrial-scale farms," and Ethereum-based coins dropping, the yields offered through the top "farms" have plunged. Case in point: Yearn.finance's...

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