Yearn Finance continues acquisition spree with Cover
"That's how shit gets done here," says one team member This morning, Yearn founder Andre Cronje announced the latest in a spate of high-profile mergers and collaborations for the multi-faceted decentralized finance (DeFi) protocol: Yearn Finance will be “joining forces” with market coverage provide Cover. In a blog post, Cronje notes that the merger will be a natural one, as Yearn and Cover developers have been working together since Cover’s inception. Cronje also listed a series of promising possible synergies, including enhanced utility for the Cover’s CLAIM token, which will act as....
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The relationship is "c-over" between Yearn Finance and Cover, an emotional split related to a new protocol from Cover developers. Decentralized finance (DeFi) protocols Yearn Finance and Cover have announced today the end of a protocol merger process initiated in November last year. The two protocols were initially linked during a spree of a half-dozen Yearn acquisitions, mergers, or collaborations, the exact term depending on the project. The split comes as a surprise to many, given that Cover, a protocol that provides coverage or insurance for DeFi deposits, was a natural fit for yield....
COVER has been gaining serious hype throughout the past few months, despite its turbulent beginnings. What started as “SAFE” ultimately became COVER following some contentious battles between the early developers. COVER ultimately was adopted by the Yearn.finance ecosystem and grew under Yearn founder Andre Cronje’s guidance. It secured a coveted Binance listing early on and […]
Yearn is “joining forces” with market coverage provider Cover, capping a busy week for the decentralized finance (DeFi) protocol.,
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