In response to a targeted assault that negatively impacted user positions valued at $9 million, dYdX, a leading decentralized exchange, swiftly mobilized its v3 insurance fund. Founder Antonio Juliano labeled this incident a purposeful strike against the platform, signaling a prompt reaction to mitigate its effects. On November 17, the cryptocurrency market witnessed significant fluctuations, […]
Yearn.Finance
Yearn Finance (VFI) Plummets 43% in Hours, Wiping Out Recent Gains Amid Market Uncertainty
In a staggering turn of events, Yearn Finance’s (YFI) price witnessed a major setback after surging 167% recently, as it plunged 43% within five hours. This steep decline wiped out almost five days of rapid gains, bringing the token’s value down from a high of $15,591 to $8,421, resulting in a loss of over $250 […]
Here are the 3 DeFi protocols generating over $100M in annualized revenue
September has been a tough month for the crypto industry. The DeFi protocols, on the other hand, are seeing increased activity. Market participants remained cautioned as a result of the regulatory clampdown from China and elsewhere. Hence, many users have now that some buyers have changed their focus away from Bitcoin [BTC] and have instead […]
Yearn Finance TVL across all products hits new record of $5 billion
Despite millions being shaved off, the DeFi realm has been slowly rallying up. Yearn Finance, for one, was found to be getting back on track rather quickly. In the latest development, the total value locked across all Yearn products has exceeded $5 billion. In the last month alone, the DeFi protocol raked in $1 billion. […]
Yearn Finance [YFI] Undergoes V-shaped Recovery After Hitting Local Bottom
After suffering heavy losses during the market-wide collapse, Yearn Finance [YFI] has regained the momentum that helped it breach a crucial resistance level. However, the defi token was still down by more than 33% over the last 24-hours. The whales had aggressively bought during the dip, which pushed the prices of the coins higher. Despite […]
Yearn.finance TVL smashes past $4B TVL while YFI token hits above $80k
Yearn.finance and its native token YFI has broken many records this quarter, and there is no stopping it. Thanks to Ethereum’s meteoric rise, decentralized finance [deFi] protocols, and their native tokens have been on a surge lately. The digital asset management platform, Yearn.finance has recorded yet another milestone as collateral locked in it surged to […]
Yearn Finance Announces Third Major Integration
It has been a busy week for the decentralized Finance [DeFi] protocol, Yearn Finance as it continued its merging spree. In less than a week, after two high profile integration, comes yet another development of a similar agreement, this time with Cover Protocol. In an official blog post, Yearn Founder Andre Cronje announced that the […]
Yearn Finance Is On a Merging Spree; Here’s What This Analyst Have To Say
The way Yearn Finance and Pickle Finance look today versus in 6 months will likely be worlds apart. These words were noted by Delphi Digital Analyst, Ashwath Balakrishnan that the DeFi protocols’ “ferment co-operation dill” is just beginning, and the final form of this partnership is yet to be set in stone. The analyst referred […]
Has Yearn Finance [YFI] topped out?
Over the last week, a recent relief rally managed to catapult 35.82% of the gains for the decentralized finance [DeFi] project, the YFI token of Yearn Finance. But the much-needed bullish sentiment might be cut short. According to the latest developments, YFI’s fourth-largest transaction since late August. This was revealed by the crypto analytic […]
Andre Cronje’s New DeFi Project Token KP3R Notes Surge Over 1000% In 24-Hours
Andre Cronje, who happens to be the lead developer of the DeFi project Yearn Finance launched its third decentralized project dubbed ‘Keep3r network’ whose native token has surged by more than 1135% in less than a day. The latest price surge comes right after Cronje launched the Keep3r Network on the 28th of October. According […]