Summary:
Yearn Finance, one of DeFi’s landmark projects and also the first coin to truly flip Bitcoin’s price on multiple occasions, managed to surge above K earlier today before correcting slightly to where it’s currently trading.Yearn Finance is undoubtedly one of the benchmark projects for the space of decentralized finance (DeFi).YFI, the ecosystem’s native token, was initially supposed to be nothing but a governance token that has absolutely no face value. In fact, Andre Cronje, the creator of Yearn Finance, explicitly said that it wouldn’t be traded on Uniswap and it won’t have any value other than %excerpt%.The market had different plans for it, though, as it quickly caught speed and became one of the (if not the) best-performing assets in 2020.As CryptoPotato reported back during last year, the
Topics:
George Georgiev considers the following as important: AA News, defi, Grayscale, social, Yearn Finance, YFIBTC, YFIUSD, YFIUSDT
This could be interesting, too:
Yearn Finance, one of DeFi’s landmark projects and also the first coin to truly flip Bitcoin’s price on multiple occasions, managed to surge above K earlier today before correcting slightly to where it’s currently trading.Yearn Finance is undoubtedly one of the benchmark projects for the space of decentralized finance (DeFi).YFI, the ecosystem’s native token, was initially supposed to be nothing but a governance token that has absolutely no face value. In fact, Andre Cronje, the creator of Yearn Finance, explicitly said that it wouldn’t be traded on Uniswap and it won’t have any value other than %excerpt%.The market had different plans for it, though, as it quickly caught speed and became one of the (if not the) best-performing assets in 2020.As CryptoPotato reported back during last year, the
Topics:
George Georgiev considers the following as important: AA News, defi, Grayscale, social, Yearn Finance, YFIBTC, YFIUSD, YFIUSDT
This could be interesting, too:
Andrew Throuvalas writes Google Searches For ‘Bitcoin Halving’ Reach Highest Level Ever
Wayne Jones writes Binance Converts B SAFU Fund to USDC, Now 3% of Circulating Supply
Anthonia Isichei writes Sam Altman’s Worldcoin to Launch L2 Blockchain Prioritizing Human Transactions
Andrew Throuvalas writes JPMorgan And Goldman Sachs Issue Bearish Warning Before Bitcoin Halving
Yearn Finance, one of DeFi’s landmark projects and also the first coin to truly flip Bitcoin’s price on multiple occasions, managed to surge above $52K earlier today before correcting slightly to where it’s currently trading.
- Yearn Finance is undoubtedly one of the benchmark projects for the space of decentralized finance (DeFi).
- YFI, the ecosystem’s native token, was initially supposed to be nothing but a governance token that has absolutely no face value. In fact, Andre Cronje, the creator of Yearn Finance, explicitly said that it wouldn’t be traded on Uniswap and it won’t have any value other than $0.
- The market had different plans for it, though, as it quickly caught speed and became one of the (if not the) best-performing assets in 2020.
- As CryptoPotato reported back during last year, the project also set the tone for various others that followed in its footsteps with different value propositions.
- In any case, today, YFI is making headlines with an impressive increase of around 13%.
- As seen in the chart above, the cryptocurrency not only surpassed BTC in terms of USD value but also surged past $52,000 before retracing to where it’s currently trading.
- One of the reasons for this performance might be the fact that the world’s largest asset manager, Grayscale, incorporated a new YFI entity.
- It was set up as a STatutory Trust in Delaware two days ago, on February 10th. With it, the company now has 33 registered trusts in the state.