PowerPool launches 'meta-governance token' for Yearn ecosystem

PowerPool launches 'meta-governance token' for Yearn ecosystem

Powerpool has launched an index and meta-governance token for the recently consolidated Yearn.finance ecosystem. PowerPool, a project exploring the utility of Ethereum-based governance tokens, has launched YETI — an index and “meta-governance” token for the Yearn.finance ecosystem.YETI was conceived by Messari’s Ryan Watkins, who published the proposal for a Yearn Finance ecosystem index token to PowerPool’s governance forums on Dec. 4.The Messari researcher noted that “despite development and community resources being merged” among the YFI ecosystem members, “governance among these....


Related News

Yearn.finance (YFI) Posts Bullish 3-Day Close as Analysts Eye Parabolic Upside

Yearn.finance’s price has seen some turbulence in the weeks following its intense rally to all-time highs of over $40,000. The governance token for the Yearn ecosystem – YFI – has been largely consolidating in the time since, with both buyers and sellers being unable to spark any sustained trend. This may be due to YFI […]

YFI Reclaims $20K as Yearn Finance Governance Approves Token Buyback

Yearn Finance beat Bitcoin in the race to claim $20,000 all over again. The protocol’s governance token YFI surged to $20,770 during the early Tuesday trading session. Its move upward brought the price up by 178.42 percent from its early-November nadir, confirming the beginning of a strong rebound that followed an 83 percent crash. Yearn […]

This Yearn.finance (YFI) Trend Could Lead to Serious Volatility Going Forward

Yearn.finance’s governance token – YFI – has been subjected to immense volatility throughout the past few days and weeks, which has come about due to conflicts within the community and weakness across the entire DeFi ecosystem. This downtrend that has sent the cryptocurrency from highs of over $40,000 to recent lows of $16,000 came about […]

Rabet Launches $RBT Governance Token To Promote user participation

Rabet, a consolidated non-custodial wallet made for DApps and DeFi Apps on the Stellar network is creating a community governed ecosystem through its governance token, RBT. There is a recent trend of on-chain governance that seeks to have users more engaged in cryptocurrency projects. The on-chain governance is there to guide the protocols to operate […]

Analyst: SushiSwap Token Price to Hit $9.00 Eventually as Strength Grows

Sushiswap’s governance token, called Sushi, has posted some massive gains as of late, benefiting from the inflows of capital into the DeFi market and regaining its hype and momentum following a partnership with Yearn.finance. Naturally, the clout and hype surrounding the Yearn ecosystem drew massive amounts of capital towards the Sushi token, with investors sending […]