DeFi has seen a lot of growth and hype over the past year. 2020, in retrospect, had a lasting impact on the cryptocurrency ecosystem. It saw both historic lows and highs with regard to Bitcoin’s valuation, along with gargantuan growth for the DeFi space. In fact, according to data from DeFiPulse, DeFi’s total value locked...Read More
EOS formed a scallop pattern on the charts and a drop below $2.55 could see it go as far south as $2.3 over the next week. Algorand flipped a level of resistance to support and showed signs of bullishness as it approached the $0.55-region. Finally, YFI rose above $30,000 but can see a minor dip...Read More
Yearn Finance made waves in the crypto-community after it introduced a new proposal to mint 1000 YFI tokens that will be later distributed among its core developers. The rationale behind the same is to reward developers who have contributed to Yearn Finance’s development and growth selflessly. Proposal: yfi_lit suggests printing 1000 YFI for operations fund...Read More
Bitcoin Cash sought to defend the $495-level of support and appeared likely to see a move to $540 over the next few trading sessions. Loopring saw rejection at a level of resistance and could be headed back to the mid-point of its range, while YFI saw rising demand even as the price dipped to suggest...Read More
After the dust settled on the broader market after yesterday’s bloodbath on the price charts, altcoins such as Tezos, Ethereum Classic, and YFI gave mixed signals as buyers and sellers contested for market control. A definitive change in market leaders BTC and ETH’s movements could dictate the near-term future of the aforementioned altcoins over the...Read More
It’s a bullish start to the day for the major cryptocurrencies. Steering clear of the day’s pivot levels would bring resistance levels into play. Overall, the crypto’s price is currently caught within a holding pattern with defi tokens like LINK, SUSHI, and YFI price showing massive gains. On December 23rd Bitcoin price successfully surpassed Yearn.Finance...Read More
Yearn Finance(YFI) is considered the most disruptive DeFi token in the crypto space. It is currently the most expensive crypto which has the ability to pump and dump more than $5000 within 24 hrs. Many analysts also believe that 1 YFI price may equal to 2 Bitcoin very soon in coming days. So why the...Read More
YFI Price May Form New ATH on Breaking These Levels One of the most popular DeFi tokens YFI which had made headlines since its inception is expected to plunge to $18,000 levels. The YFI price is expected to drop to the levels if it fails to sustain at $24,000 or $22,000 levels as predicted by...Read More
Yearn Finance’s YFI has been rallying strongly over the past few days, with some in the crypto-community expecting YFI to surge past $30k soon enough. The protocol’s Andre Cronje has been in the news a lot too, especially since Yearn Finance announced multiple integrations within the DeFi ecosystem over the past week. In a recent...Read More
Yearn Finance has been actively integrating with multiple DeFi protocols of late, and Cover Protocol is the latest addition to this chain of partnerships. Yearn Founder, Andre Cronje, announced the Yearn and Cover merger earlier today, stating that Cover will become the backstop coverage provider for the Yearn product suite, as well as for DeFi...Read More
Yearn Finance’s governance token YFI took a massive fall on the charts as the DeFi hype died down in early September, falling from close to $40K to below $8K. However, things were quick to turn around for YFI in November, with the token able to register massive gains since, enabling it to rise by over...Read More
“You are only as good as your last race”, the famous line is also quite applicable to the crypto-verse. After its stunning rise during mid-year, DeFi tokens have somewhat lost their shine due to a series of misfortunes over the past few weeks. Certain projects underwent massive depreciation and others exhibited rug-pulls, to the joy...Read More
One of the most reputed DeFi traders in the business today, the pseudonymous DegenSpartan recently shared his critique on quite a few popular DeFi protocols that have a strong following with independent crypto-researcher Hasu. DegenSpartan has perhaps been most critical of Maker – the second most dominant DeFi protocol after Uniswap. Source: DeFi Pulse According...Read More
What’s Going on With YFI Price !! The past week had been very volatile for the whole crypto space as Bitcoin was on its way to touch $14000. It seems that the other cryptos and DeFi tokens have scrambled but some DeFi tokens like YFI Price are on the verge to touch the rock bottom...Read More
Until a few months ago, DeFi was quite the rage across the ecosystem. Of late, however, the space seems to have lost some steam, with many projects failing to sustain the early gains it made. Understandably, many in the community have since become more skeptical and cautious about the space. CEO of Three Arrows Capital...Read More
According to a disclosure by Yearn Finance, a flash loan attack vector was discovered by a security researcher recently, before being resolved by Yearn’s security team. A potential vulnerability was mitigated around 1.5 hours after being reported by Wen-Ding Li through Yearn’s security vulnerability disclosure process on 29 October 2020. It was also revealed that...Read More
Crypto-space is among the sectors labelled as highly volatile and filled with uncertainty. Among them are some of the coins that could have a massive uptrend. Having kept a close watch one can make some yield this week. Let us have a look at some of these coins which could probably be a feast on...Read More
In August 2020, Token Market was excited again with the presence of a token that uses the Ethereum ERC20 Protocol which builds self-government in the Smart Contract and the formation of the ecosystem itself in the Smart contract, this token is named YFI. Yearn.finance and the presence of YFI has made Uniswap V2 Exchanger is...Read More
Prominent cryptocurrency exchange Bitfinex announced the listing of yearn.finance [YFI] on 2 October. Although a bit late in the race of listing the governance token, Bitfinex noted that the deposits were now open, while trading and withdrawals for the same will commence on 3 October at 10:00 AM UTC. YFI on the exchange can be...Read More
The Total Value Locked figures for DeFi have reached $9.76B. In fact, over the past 90 days, the space has unlocked 477.5% in growth, with the same showing no signs of stopping. While the SushiSwap incident did contribute to a dip in DeFi’s TVL, there was near-instant recovery, with the figures surging back to its...Read More
San Francisco-based crypto exchange Coinbase announced today that it would now support Loopring (LRC) and yearn.finance (YFI) at Coinbase.com and in the Coinbase Android and iOS apps. LRC and FYI were made available in all Coinbase-supported regions, with the exception of New York, USA. The announcement has been made public almost a week after Coinbase...Read More
Cryptocurrency exchange, Coinbase Pro announced today that it would list YFI, which is a token of decentralized finance (DeFi) platform, from 14 September onwards. Trading of YFI would begin from-15 September from 9 AM Pacific Time (PT) onwards, according to the release. Per Coinbase Pro’s trading rules, trading on YFI-USD order book is said to...Read More
Bitcoin has hit $12,400 and $11,100 within the last two weeks but still, the price is range-bound. The range being $12,500 to $10,850. Since bitcoin’s tap at the $11,500 low on August 5, the price has managed to form a bearish pattern – rising wedge. Hence, in the short-term bitcoin has a bearish outlook. Bitcoin...Read More
Are these Surging Defi Tokens Bitcoin Competitors? The demand for Defi expanded as Decentralized Finance which is an Ethereum-based blockchain platform designed for lending has skyrocketed in recent days. Specifically, the price of one Defi tokens, YFI has also outperformed the trading value of the largest cryptocurrency, Bitcoin. Moreover, a wave of Defi projects have...Read More
