Yearn.finance News

The token that rallied 64,000% in 2020 might see more price spikes ahead after a recent proposal was passed this weekend. Yearn.finance, the decentralized credit lending, loans, swaps, and yield aggregation protocol, saw its latest proposal — the YIP-54 — passed by its community members on Sunday that allows the protocol to buyback YFI from […]

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. On-chain data suggests that this recovery is a byproduct of a large inflow of institutional capital […]

Prior to today, Yearn.finance (YFI) was one of the worst-performing cryptocurrencies of the past two months. It had dropped 80 percent from its all-time high due to a number of bad PR events, coupled with massive short activity from large investors that saw a decline coming in DeFi. The short activity was evident due to […]

On Wednesday and Thursday, there was a clear sense of capitulation amongst investors in top Ethereum DeFi tokens. CryptoSlate market data shows that then, top coins pertaining to this space were plunging lower by dozens of percent without any relief. Yearn.finance (YFI) fell over 20 percent in the span of a day while many investors […]

The Ethereum DeFi space has seen a rapid correction since the euphoric summer highs. The prices of top altcoins pertaining to this space have corrected by upwards of 70 percent across the board. Yearn.finance (YFI), widely branded as one of the most reliable cryptocurrencies in DeFi, has dropped to $8,500 from its $44,000 all-time high. […]

As the short-term future of decentralized finance (DeFi) coins has become uncertain over recent days, analysts and investors in the space have weighed in on what they think comes next. Many assert that the fundamentals of this space are better than ever. Case in point: the total value locked in DeFi contracts recently hit an […]

Harvest Finance, what used to be a $1 billion yield farming protocol on Ethereum, underwent a brutal attack last week that wiped approximately $30 million from user accounts. The pseudonymous attacker leveraged a flash loan, along with a series of manipulative transactions between Curve, Uniswap, and Harvest, that allowed them to drain millions of dollars […]

The price of YFI, the native token behind the decentralized finance (DeFi) giant Yearn.finance dropped to double-digits. It has started to recover as the market sentiment around Yearn.finance started to show signs of improvement. On October 30, the price of YFI dropped to as low as $9,631 on Binance. The DeFi space saw a marketwide […]