Yearn’s merger with SushiSwap will be the most comprehensive to date

Yearn’s merger with SushiSwap will be the most comprehensive to date

YFI token holders will vote on some aspects of the integration. The flurry of Yearn.finance (YFI) “mergers” continues as the project announces the tightest DeFi integration yet, this time with SushiSwap (SUSHI), the decentralized exchange that began its life as a Uniswap fork.Announced by Yearn founder Andre Cronje on Tuesday, the collaboration involves a variety of synergies between the two ecosystems and other projects launched by Cronje.Like with previous integrations, the two teams will merge development resources and integrate their liquidity pools to increase the total value locked.....


Related News

Yearn Finance Set to Gobble Up SushiSwap for Its Fifth DeFi Merger

Yearn Finance is eyeing yet another merger – only this time, the candidate, SushiSwap, has a larger market size than Yearn itself.

Uniswap's growth lead bites back over Yearn Finance’s SushiSwap merger

Uniswap’s growth lead, Ashleigh Schap, has slammed Yearn Finance founder Andre Cronje for complaining about forked projects in the DeFi sector. Uniswap growth lead Ashleigh Schap has slammed a recent article from Yearn Finance founder Cronje that criticized forked protocols in the DeFi space, with Schap describing Yearn’s recent merger with SushiSwap as validating a "stolen DApp". Cronje’s Jan.12 blog post, "Building in DeFi sucks," complained about the risk of competitors forking his code, and combining such with attractive tokenomics in a bid to siphon away users from the products that....

The Yearn.finance effect: Why SushiSwap (SUSHI) rallied 75% in 1 week

Improving fundamentals and a major merger with Yearn.finance may help SushiSwap reassert itself as one of the dominant DeFi platforms. The price of SUSHI, the native token of SushiSwap decentralized exchange, has rallied 38% in the past 10 days. At its monthly peak, the governance token had achieved a 75% price increase but the recent 10% pullback in Bitcoin price has weighted on SUSHI's price action. One of the primary factors underpinning SUSHI's bullish price action was a strong relief rally in the decentralized finance sector following an extended correction that dominated the month of....

Yearn.finance mergers and sideways Bitcoin price propel DeFi tokens higher

Select DeFi tokens have outperformed Bitcoin and altcoins as investors cheer the news of mutually beneficial partnerships. Yearn.finance has been busy announcing a slew of mergers in the past week, and these have the decentralized finance space buzzing once again. Just after the Yearn and Pickle Finance merger, Yearn has announced a partnership with Cream to launch Cream v2.Some of the key takeaways are that teams from both protocols will merge their development resources and Yearn vault shares can be kept as a collateral to borrow on Cream. Yield farmers might also benefit as Yearn vault....

SushiSwap is eating into Uniswap’s market share following Yearn merger

Since merging into the Yearn ecosystem, the sometimes controversial decentralized exchange SushiSwap has been consistently eating into Uniswap’s dominance of the sector. Following its merger into the Yearn ecosystem, SushiSwap has been making significant inroads into the market share of leading decentralized exchange Uniswap. On Jan. 29, Messari researcher Mira Christanto tweeted data illustrating that Uniswap’s share of the Automated Market Maker sector has declined as Sushi’s share expanded from mid-December until last week. Relative market share of AMM Dexes: MessariChristanto asserts....