Yearn Finance Creator To Launch New AMM, What It’s All About?
Famous for his motto “I test in prod”, Andre Cronje, inventor of Yearn Finance and other DeFi protocols, will launch a new platform. Called ve(3,3) it has been designed as an Automated Market Maker (AMM) to operate with a “protocol for protocols” architecture. Related Reading | Solana DeFi Goes Stratospheric as Hubble Protocol Announces $3.6M Raise In other words, this new AMM will be easy to integrate with other platforms to incentivize their own liquidity and without tradeoffs. The protocols that decide to add ve(3,3) won’t lose fees, volumes, or liquidity, as the creator of Yearn....
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Yearn.finance (YFI) took a strong hit around 24 hours ago when a yet-to-launch project related to protocol experienced a bug. For those that don’t know, Andre Cronje, founder of Yearn.finance, deployed a series of new contracts relating to a new, still-to-launch game called Eminence Finance. Eminence is slated to be an Ethereum-based card game with […]
Members of the decentralized finance (defi) community are upset with Yearn Finance founder Andre Cronje over the mishap with Cronje’s secret Eminence (EMN) project. The Eminence protocol gathered $15 million before the project was ultimately hacked before the official launch. According to a recent blog post published on Medium, a group of defi community members plan to sue Yearn Finance founder, Andre Cronje, and fork YFI as well. As news.Bitcoin.com recently reported, there’s been a lack of trust in Cronje’s work since an undercover project that didn’t even launch....
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 […]
Andre Cronje, the prolific coder and creator of Yearn, said he's quit the project – and decentralized finance (DeFi) altogether – out of frustration with its realities.
Yearn Finance’s native token YFI has been seeing significant capitulation as the price has dropped from an all-time high (ATH) of $43k in mid-September to today’s $13,875 USD value. Despite the -67.7% loss since the token’s ATH, the Yearn Finance project still has around $624 million total value locked into the platform. Yearn Finance and the native token YFI has been a hot topic during the latter half of 2020. This is because the YFI token went from an all-time low of $739 on July 21, 2020, to reaching an ATH of $43k on September 12. In between that time, YFI saw a....