The Right Place to Buy, Exchange and Borrow against Your Crypto.

Get Started
Slump of Y tokens: why Yearn.finance (YFI)’s momentum is weakening—for now Slump of Y tokens: why Yearn.finance (YFI)’s momentum is weakening—for now
This article is more than 2 years old...

Slump of Y tokens: why Yearn.finance (YFI)’s momentum is weakening—for now

Since September 12, the price of Yearn.finance (YFI) dropped from $43,937 to as low as $26,222.

Slump of Y tokens: why Yearn.finance (YFI)’s momentum is weakening—for now

Cover art/illustration via CryptoSlate

Since September 12, the price of Yearn.finance (YFI) dropped from $43,937 to as low as $26,222.

YFI’s 40% decline within eight days caused other Y tokens and decentralized finance (DeFi) tokens to plummet.

To read the rest of this article, sign in or join CryptoSlate Edge.

Get an Edge on the Crypto Asset Market

As the crypto market is constantly changing, CryptoSlate Edge is a yearly membership oriented to helping you become a more knowledgeable investor and better decision-maker.

Here's what's included in your membership:
Exclusive Articles

Be the first to read the most compelling stories high-level insights.

Private Discord Community

Communicate directly with our journalists in our private Discord.

Ad-Free Experience

We hide all advertisements for a clean and fast user experience.

Pay with Crypto ($228)
BTC · ETH · USDC · DOGE · LTC · DAI · BCH