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Yearn.finance (YFI) plunges to “do or die” support despite positive developments Yearn.finance (YFI) plunges to “do or die” support despite positive developments

Yearn.finance (YFI) plunges to “do or die” support despite positive developments

Yearn.finance’s governance token (YFI) has been hit hard by the recent downtrend seen across the aggregated cryptocurrency market, with the token now trading down nearly 50 percent from where it was at its peak.

Yearn.finance (YFI) plunges to “do or die” support despite positive developments

Photo by Jonas Wurster on Unsplash

Yearn.finance’s governance token (YFI) has been hit hard by the recent downtrend seen across the aggregated cryptocurrency market, with the token now trading down nearly 50 percent from where it was at its peak.

Despite this bearish price action, it is important to note that the Yearn.finance ecosystem is still thriving, and YFI holders may soon be able to receive instant rewards for tokens staked in the governance contract.

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