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…
While Ethereum and the rest of the crypto market saw a strong pullback on Wednesday, the DeFi space has continued its ascent to the upside. What is fueling the recent growth in DeFi is a number of product launches and new projects. One such product is Yearn.finance’s (YFI) latest “Vault,” the yETH Vault. This product…
Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His…
When Andre Cronje released Yearn Finance (YFI), the DeFi fever was brewing. Two events converge and launched the sector into full madness: Uniswap’s UNI airdrop and governance token YFI breaking every foreseeable resistance to reach $30,000. At that moment, Bitcoin was trading at approximately $10,000. Now, after a downtrend, YFI seems ready to reach new…
Yearn.finance (YFI) has been one of crypto’s biggest success stories of recent months. Since launching in June for free, the cryptocurrency has rocketed as high as $44,000, becoming one of the fastest cryptocurrencies to reach $1 billion in market capitalization of all time. YFI has undergone a strong decline over recent weeks in tandem with…
Yearn Finance’s YFI rose by up to 16 percent in just two days of trading, even though its peers across the cryptocurrency market bled. The decentralized finance token formed an intraday high at $25,858 in the early trading session in London. At its weekly low, the YFI/USD exchange rate was as low as $17,605, according…
At least two traders have confirmed their bearish bias for YFI, a token that represents the year’s most popular decentralized finance project, yearn.finance. The pseudonymous entities noted that YFI/USD’s recent price moves made a so-called Head and Shoulder Pattern. So it appears, the pair formed three peaks atop a single baseline-like support level. The middle…
In what has to be one of the fastest turnarounds ever, Yearn.finance’s YFI token is being listed on Coinbase just two months after its launch. The leading decentralized finance coin, which is currently the only one with a market capitalization over $1 billion, was just revealed to have garnered a coveted Coinbase listing. On September…
Since the summer peak of the DeFi explosion, top Ethereum-based tokens from the space have dumped considerably due to becoming overvalued too quickly, and Bitcoin suddenly stealing up any flowing capital share. But while this happened, the total USD value locked in DeFi applications continued to climb right along as if nothing ever happened. Is…
Yearn.Finance continues to defy all other DeFi tokens and gravity itself with its unstoppable rise to stardom. The crypto token has bounced over 15% from its local bottom, but a fractal playing out could send YFI flying high to another new record. Yearn.Finance Flips Support As Resistance, Readies Another Rally In technical analysis, there isn’t…