DeFi growth and potential Grayscale YFI security push Yearn.finance to $45.9K
Yearn finance’s recent partnership with Badger DAO, cross-platform DeFi integration and a potential Grayscale Investments YFI security back YFI’s rally to a new high. In the early hours of Feb. 11 Yearn.finance (YFI) experienced a high volume spike which pushed the price to a new all-time high at $45,900. Data from Cointelegraph Markets and TradingView shows that YFI hit a swing low at $33,638 on Feb.10 before experiencing a 26% breakout of 26%. The move appeared to be motivated by a corporate registration filing with the State of Delaware which showed Grayscale Investments registering the....
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Grayscale Investments, the world’s largest digital asset manager, has filed to register a new cryptocurrency trust for Yearn Finance (YFI).
Yearn Finance’s governance token YFI reached a new milestone on Friday as its price crossed over the $50,000-mark for the first time in history. The gains appeared as Grayscale Investments, a New York-based cryptocurrency management firm, registered an LLC for a prospective Yearn Finance Trust. That prompted traders to raise their bids for YFI, given […]
Yearn.finance used to be the darling of the DeFi sector, with investors pouring massive sums of capital into the YFI token while largely looking towards it to become one of the largest and most widely used platforms within the decentralized finance ecosystem. The sentiment surrounding the Yearn project began to shift a few weeks ago, […]
Yearn.finance (YFI), a leading decentralized finance protocol, has been hyping up the launch of its v2 Vaults. While Yearn.finance is an umbrella DeFi ecosystem, it is currently best known for its Vaults product. Vaults are contracts where users can deposit cryptocurrencies such as Ethereum, USDC, YFI, and others to earn a regular yield paid in […]
One of the fastest growing DeFi projects, Yearn.finance has spawned a range of core products that provide passive earnings on crypto assets. Launched in July 2020, Yearn.finance has emerged as one of the major players in the emerging decentralized finance (DeFi) space that provides services such as staking, lending aggregation and yield generation on the Ethereum blockchain. Boasting the most user-friendly crypto trading services that are being meted out autonomously, the project uses its native ERC-20 Yearn Finance (YFI) cryptocurrency to incentivize those who lock their crypto tokens in....