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YFI soared 10% within an hour after a V2 vaults teaser was uploaded by the Yearn.finance Twitter handle.
Decentralized finance project Cream has been the subject of much attention in the past few weeks.
Just ahead of the long-awaited Ethereum 2 upgrade, Andre Cronje of Yearn Finance prepares for the next phase of DeFi growth with a flurry of mergers.
In recent weeks, Yearn.finance, the decentralized finance (DeFi) giant valued at $854 million, made major acquisitions of other DeFi projects.
Yearn.finance (YFI) is in the midst of massive expansion plans, acquiring Ethereum-based protocol upon Ethereum-based protocol to achieve its ambitions in the DeFi space.
The token that rallied 64,000% in 2020 might see more price spikes ahead after a recent proposal was passed this weekend.
The DeFi market has undergone a strong surge since it seemingly bottomed late last week. As reported by CryptoSlate previously, top DeFi coins have surged over 100 percent from their lows, becoming the best-performing altcoins of this past week.
Prior to today, Yearn.finance (YFI) was one of the worst-performing cryptocurrencies of the past two months.
On Wednesday and Thursday, there was a clear sense of capitulation amongst investors in top Ethereum DeFi tokens.
The Ethereum DeFi space has seen a rapid correction since the euphoric summer highs.