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, […]
YFI
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 […]
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 […]
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 […]
Yearn.Finance’s YFI Posts a Big Turn Around After Losing Steam
This year, Yearn.finance has launched its own governance token, YFI, which has grown at an astonishing rate to its $43K peak. Its success has spawned multiple forks, such as DFI.money and YFValue.The token has dominated headlines in the past couple of months. However, since these recent ATHs, both the project’s TVL [total value locked] and […]
Yearn.Finance’s YFI Rushes Towards ATH After Founder Hints at Major Update
Yearn.Finance has taken the world of DeFi by storm. Officially introduced in July 2020, the DeFi protocol has $813.25 million in total value locked. Over the past four-days, its native token, YFI underwent a significant of nearly 70% despite a price stagnation in the overall cryptocurrency market. At the time of writing, YFI was priced […]
Binance Futures Launches YFI/USDT Perpetual Contract as DeFi Demand Surges
DeFi (Decentralized finance) is currently one of the hottest corners of the crypto industry this year and, as a result of the boom, many project tokens have shown incredible price surges. One of the prominent tokens is Yearn. Finance ‘s native YFI, which has gained significant traction over the last few weeks. DeFi, the big […]
What is Yearn.Finance Token and Why is it Worth Over $30,000 Right Now?
Step aside Bitcoin, there is a higher valued crypto-asset in town at the moment! Yearn.Finance, a governance token that was created to power the decentralized finance protocol yEarn is worth over $30,000 at press time. Clocking in at $32,300 at the moment, the asset’s valuation has risen by 139% over the past week, and close […]