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CATEGORY: yfi


Apr 19, 2025 02:30

Coinbase legal fight heats up: Oregon Attorney general revives discredited SEC lawsuit

Oregons Attorney General, Dan Rayfield, has announced that the state will proceed with a lawsuit against Coinbase, the popular cryptocurrency exchange. This legal action seeks to revive claims previously made by the U.S. Securities and Exchange Commission (SEC), accusing Coinbase of operating an unregistered securities exchange and broker-dealer. In addition, the state intends to revisit […]

Bitget to Expand PayFi Initiative

Author: Shiela Bertillo
Philippines
Apr 12, 2025 02:50

Bitget to Expand PayFi Initiative

After the success of its Siargao event, Bitget is expanding its PayFi x Bitget Wallet initiative to more locations.

Crypto Adoption in Tourism: Bitgets PayFi Event to Drive Blockchain Payments in Siargao

Author: Shiela Bertillo
Philippines
Mar 14, 2025 02:50

Crypto Adoption in Tourism: Bitgets PayFi Event to Drive Blockchain Payments in Siargao

Bitgets PayFi Event in Siargao (March 12-16, 2025) aims to bridge traditional finance and blockchain by introducing crypto payments to local businesses, tourists, and freelancers.

Mar 02, 2023 11:15

What is yearn.finance? Your Guide to YFI Explained

Yearn.finance is a Decentralized Finance (DeFi) protocol that uses lending projects like Aave and Compound to provide users with optimized token lending services. The protocol was developed by Andre Cronje in 2020, independently of any company or organization. Powered by its native YFI token, the platform offers multiple features like aggregated liquidity, leveraged trading,... Read More

Feb 24, 2023 06:40

YFI price hits $10k as Yearn Finance announces new liquid staking product

Yearn Finance token YFI rose to highs of $10,405 on Binance. YFI traded around $7,400 earlier in the week before surging on news the Yearn team was planning to launch a new ETH liquid staking token. yETH will offer access to a basket of liquid staking derivatives (LSDs) in one token. YFI, the native token […]

The post YFI price hits $10k as Yearn Finance announces new liquid staking product appeared first on CoinJournal.

Yearn Finance: What The Final Quarter Of 2022 Has In Store For YFI Price

Author: Christian Encila
United Kingdom
Dec 09, 2022 04:45

Yearn Finance: What The Final Quarter Of 2022 Has In Store For YFI Price

Yearn Finance (YFI) has performed relatively well over the last 30 days, painting its charts in green despite the lingering uncertainty in the crypto market. According to information from Coingecko, at press time, the ERC20 governance token built on the Ethereum blockchain is changing hands at $7,087, going up by 5.7% during the past week and tallying an impressive 15.7% jump on its bi-weekly gauge. Here’s a quick glance of YFI performance: YFI is experiencing a significant decline in its daily trading volume Yearn Finance could fall all the way down to $6K within the next few days The altcoin could start 2023 with a bullish run to reclaim the $8K territory However, the altcoin’s technical indicators, specifically its Relative Strength Index (RSI) and Chaikin Money Flow (CMF), on its 4-hour chart doesn’t give much for traders to desire as they indicate a potential bearish run for the asset. The RSI settled below the 50-neutral zone at 48.97, suggesting that selling pressure increased and a lot of buyers veered away from the asset. Meanwhile, Yearn Finance’s CMF fell into a negative value of -0.07 – an indication of a weakened buying activity. Related Reading: How Litecoin (LTC) Outperforms Other Top Cryptocurrencies In This Department Source: TradingView Daily Active Addresses Count And Trading Volume Decline Along with the above-mentioned technical indicators, some developments concerning the cryptocurrency and its network pointed towards a bearish momentum. During the previous week, the number of unique addresses that traded Yearn Finance decreased sharply, going down by 41%. In fact, at the time of this writing, there were only 248 wallets monitored to have participated in YFI transactions. While the cryptocurrency’s spot trading price went up by 3% over the last 24 hours, its trading volume took a hit as it became lower by 25% during the same period. With these, there is a need for a significant uptick in demand for the crypto asset for another increase in value to be triggered as buyers in YFI market appear to be exhausted. However, it would seem that the digital currency could not catch a break as even in that particular department, it is showing signs of struggle. According to latest data, at the moment, only 59 new addresses were present at the network – 48% lower than what was observed within the last eight days. Chart: Santiment Coincodex Forecasts YFI At Over $8K By 2023 Although Yearn Finance’s short-term trajectory looks bleak, it is expected to have a strong start for the year 2023. According to the predictions of online crypto data information aggregator Coincodex, the digital asset is expected to decline significantly within the next five days and will eventually change hands at $$6,094 by December 15. Related Reading: Solana Price Falls Below $14 – Does This Signal A Gloomy Week For SOL? Chart: Coincodex However, the altcoin is expected to bounce back and reclaim its losses just few days after the expected price dump. By January 9, 2023, YFI is seen to trade at $8,891. YFI total market cap at $258 million on the daily chart | Featured image - Altcoin Buzz, Chart: TradingView.com

Dec 04, 2022 06:30

Yearn.Finance Price Prediction for Today, December 3: YFI/USD Bullish Price Struggling to Survive Pressure Above the $6691 Price Level

Since November 10 in the Yearn.Finance market, when the bull market was rejected at $6691 and fell below the resistance, neither the demand line nor [...]

Oct 27, 2022 11:10

Crypto Investment Firm Freeway Stops Operations, Token Tanks 75%

According to Freeway, its decision is influenced by the “unprecedented” volatility in foreign exchange and crypto markets, but no other information was provided.

The post Crypto Investment Firm Freeway Stops Operations, Token Tanks 75% appeared first on BitPinas.

Oct 21, 2022 01:20

Kyle Roche Starts New Law Firm After Controversial Exit from Roche Freedman

Crypto lawyer Kyle Roche appears to be practicing law from his own private firm after leaving Roche Freedman. Kyle Roche Creates New Law Firm Kyle Roche is out at Roche...

Sep 03, 2022 01:50

YFI Spikes Above $10,400, Buy TAMA Today

The Yearn.finance price prediction shows YFI could renew the bullish trend after crossing above the moving averages. Yearn.finance Prediction Statistics Data: Yearn.finance price now – [...]

Aug 24, 2022 01:20

Celsius Counter-Sues KeyFi for Tens of Millions

Celsius is accusing KeyFi of stealing and mismanaging funds during their former partnership. Many Tens of Millions in Cryptocurrencies Celsius is counter-suing its former partner. The struggling crypto lending company...

Aug 10, 2022 12:45

Yearn Finance (YFI) Price Prediction 2022 – Will YFI Hit $30K Soon?

Bullish YFI price prediction for 2022 is $11418 to $25,677.54. The YFI price will also reach $30K soon. Bearish YFI

Jun 25, 2022 06:45

YFI And YFII Prices Soar More Than 30% in the Last 24 Hours

YFI is the hottest trending project, according to CoinMarketCap. YFI experienced a gain of 30% in the last 24 hours. ...

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Jun 13, 2022 11:15

CryptoCrash: ETH, YFI, KP3R. DeFi Coins Down by 90% as Bear Market Humbles Everyone

As the bear market hits, many prominent analysts are being hounded by their previous bull predictions that turned out false.

The post CryptoCrash: ETH, YFI, KP3R. DeFi Coins Down by 90% as Bear Market Humbles Everyone appeared first on BitPinas.

Apr 23, 2022 01:35

Building with Yearn — hack the future of DeFi | by Farrahmay | Yearn | Apr, 2022

Building on Yearn is easier than you think! I’ve met many a developer that have shied away from building on top of Yearn out of fear of it being far too complex or obtuse. Fear not fren! We have compiled a short guide to ease the way and included a list of ideas to inspire […]

Will Yearn.Finance Make A Bullish Run? Here’s Everything About $YFI!

Author: Owotunse Adebayo
Germany
Mar 14, 2022 07:05

Will Yearn.Finance Make A Bullish Run? Here’s Everything About $YFI!

The decentralized finance (DeFi) industry has changed how people access financial services. Previously, interested parties went through intermediaries, such as banks, to get loans, borrow money and save. Yet, statistics show that many people don't have access to traditional financial systems, making it difficult to benefit from all forms of financial aid. Thankfully, DeFi has helped crypto enthusiasts find a medium that provides essential services without time-wasting intermediaries. This is why founders have created projects like Yearn.Finance for the benefit of the community. In this article, we will be looking into the potential of $YFI in the market after the departure of Andre Cronje.

What Is Decentralized Finance (DeFi)?

Decentralized finance is one of the newest industries in the digital world. This concept envisions a world where everyone can access financial services without intermediaries. Traditionally, banks are the most popular medium for accessing loans or even saving money. Yet, this new technology has changed the status quo. Today, crypto enthusiasts can trade, get loans or save through the numerous protocols available in the space. Banks are notorious for their paperwork and protocols, making it challenging for many people to get needed services. While banks can take several weeks to grant you a loan after a series of interviews and paperwork, DeFi protocols may give you the loan immediately. However, it does not pay in fiat. Instead, it pays loan-takers in cryptocurrencies gotten from the pool available.

What Is Yearn.Finance?

In 2020, Andre Cronje launched Yearn.Finance to provide financial services to users. This protocol helps users optimize their earnings by linking them to the highest yields on their digital assets. While DeFi created an avenue for enthusiasts to gain wealth, experts found many inconsistencies with the technology. This led to Andre Cronje's drive to create a more suitable platform. Yield Finance made yield farming accessible to the public. It has two products helping users earn, namely, Earn and Vaults. Simply put, Yield Finance allows people access the most-attractive yields. This works by assisting them in lending their assets to profitable platforms like Compound. The product "Earn" helps users find the highest interest rate while lending. On the other hand, "vaults" expose the users to the best strategies to get the most profit.

Products Available On Yearn.Finance

Yearn Finance does all the heavy lifting for users. They don't need to worry about intermediaries or find peers to complete the trade. Because Yearn.Finance is a DeFi protocol, users can access financial services. Here are some popular products available on the platform.

Trading

You can choose to trade with this platform. Since trading involves buying or selling, you can find the lowest asset prices and sell them at a higher rate. With this, you have made some profits.

Earn

Earn is slightly more complicated, but users don't have to worry about the process. The protocol goes ahead to look for the best protocol with the highest interest rate. Here, lenders can maximize their earning potential by benefitting from a high-interest rate.

APY

This is also called annual percentage yield. Before lending out your asset, it's essential to know the estimated interest rate. This way, you know what to expect when lending. With this tool, users can plan and anticipate the proposed yield. However, many protocols warn that interest rates fluctuate. This is primarily due to cryptocurrency's volatility.

Vaults

Vaults are an essential feature of Yearn Finance. It enables people to deposit their assets and enjoy interest from such deposits. This line of code helps users maximize their profit while reducing the risks associated with lending. Additionally, it helps reduce the high gas fee on Ethereum. The Ethereum blockchain is one of the most popular networks in the industry. Yet, this blockchain has scalability issues resulting from numerous projects on the network. However, thanks to the Vaults, only one person pays for gas.

What Is $YFI?

YFI is the project's governance token. Yearn Finance is a unique project for many reasons. For one, the founder did not receive funding for it. Another reason for its uniqueness is that he did not keep some governance tokens for himself. This makes the project highly decentralized and community-driven. He gave out the tokens, allowing early liquidity providers to own a huge portion of the token. It's important to mention that there are only 30,000 YFI in existence, and traders already own all these tokens. Before participating in decisions, holders need to stake the governance token. This promotes inclusivity and decentralization.

Yearn.Finance

The protocol has a governance forum to build a community and promote governance. These forums are relatively popular in the DeFi world to enable holders to access information from the source. The Yearn Finance forum is one of the most active ones in the space. And through the platform, community members propose new projects and products for the protocol's growth. A forum is also a place where the community makes crucial decisions. Similarly, members can share ideas and knowledge to help the DeFi platform grow. Before Andre Cronje announced the token's launch, many people were skeptical about the protocol. When the community's developers released the ERC-20 token, many people bought the asset to participate in governance. And because of the asset's low supply, it became valuable within some months.

Andre Cronje Announces Departure From DeFi

Andre Cronje is one of the biggest DeFi influencers in the space. Many people even see him as the Satoshi Nakamoto for the decentralized finance industry. Yet, he might be leaving the growing industry and Yearn Finance for good. YFI also became one of the most popular tokens in the industry. The digital asset went from a dollar to over $40,000 within some months. It's safe to mention that this is not the first time Andre Cronje would be announcing his departure from DeFi. He had departed from the industry twice in 2020 before returning to help with Yearn Finance.

The news certainly caused havoc in society, and many assets associated with the founder plummeted. Even YFI wasn't left out as holders panicked, bringing the asset below the $20,000 range. Banteg, one of the platform's developers, helped calm the panic selling. He assured that Yearn Finance had hundreds of contributors managing the project. The DeFi space may continue to experience price falls. Since everyone is panicking, people may sell their assets to prevent financial losses. While the decentralized finance industry faces some difficulties, the crypto market is also unstable. Since Bitcoin's fall some weeks ago, many cryptocurrencies have not returned to their all-time highs. Some assets have lost 50%-70% of their value, causing uncertainty for long-term holders.

Will Andre Cronje's Departure Affect $YFI?

Andre Cronje's departure has already affected the project and every other DeFi project the founder has worked on. YFI's value dropped when he announced his departure, as traders predicted. It's safe to mention that the founder had left some months ago before returning to work on Yearn Finance and other projects. His departure may affect the token's price for some months, but holders should expect normalcy after the news die down. Many projects have lost their founders, but they kept existing because of the community. Yearn.Finance's community is powerful because of the governance token. The token gives every holder a voice to help the project's growth. Additionally, Yearn Finance has a lot of investors and contributors. These people make up the community, helping the project thrive even after everything. YFI has gained some value since the announcement. This means that people may be returning to the community.

$YFI Price Prediction

It's difficult to predict the asset's price, especially since the market is very emotional at this point. Nobody wants to lose the money invested in the protocol. Yet, the coin remains unshaken at $18,440 at the time of writing. This may mean bullishness, and it may continue to grow, despite the founder's absence. The DeFi industry is a new space with a lot of growth potential. And since the Yearn Finance community has a couple of incoming projects, this may help the sector gain some needed recognition.

Fig. 2. YFI/USD Chart on TradingView

If this happens, YFI should be around $30,000 before the end of 2022. On the flip side, if the industry fails to thrive or bring in new investors, many DeFi protocols may die. YFI should expect some significant price falls if this happens to the sector, taking it below $15,000. Still, the industry would likely become more attractive to investors thanks to the mouth-watering interest rates, and loan-takers will also enjoy loans without intermediaries.

Should You Buy $YFI?

Buying the YFI token now may be a good decision since it's far from its all-time high. Holders may enjoy notable price movements in the future. However, you should always do your research before buying coins or tokens to determine if they will succeed. Also, the current situation makes it difficult to predict the market situation, but above all, applying great strategies should help you minimize losses while maximizing gains.

Conclusion

Yearn.Finance is one of the most significant projects in the digital asset space. However, investors are unsure of the protocol's future, leading to YFI's price drop. Still, the project has potential and would likely continue to be successful even after the founder's exit.

Yearn.Finance© Cryptoticker

Mar 07, 2022 12:40

DeFi ‘Godfather’ Andre Cronje Deactivates Twitter Account and Quits Crypto Sector

Following Nell’s tweet, the price of Yearn (YFI) and Fantom (FTM) dropped instantly. Fantom’s TVL has dropped 40% from March

The post has appeared first on thenewscrypto.com

Feb 25, 2022 01:15

Yearn launches its first Ethereum layer-2 service on Arbitrum

Yearn, the seventh-largest DeFi application on Ethereum by Total Value Locked (TVL), has launched its service on the Arbitrum Ethereum Layer-2 network.

The post Yearn launches its first Ethereum layer-2 service on Arbitrum appeared first on CryptoSlate.

Feb 19, 2022 07:05

Top 5 WORST Cryptos in February…Did yours make the list?

Unprecedented demand for goods and services in the US market has pushed the prices to go off the roof. For the first time in nearly 40 years, inflation in the US breached the 7% mark. As a result, to put an end to the misery, the Fed has started tapering with plans to reduce asset purchases in 2022 by nearly $30 billion. As a consequence, even the crypto market had its worst crypto fall significantly in prices.

The repercussions due to this have been evident in other related markets like stocks and cryptos where we have been noticing long red candle formation in the past couple of weeks. With S & P index nosediving and cryptocurrencies gasping for breath, some of the tokens have outsmarted peers in terms of worst performance this week. So without an intention to alienate whosoever invested in these cryptos, let’s have a quick look at some of the worst-performing crypto this week. 

Worst 5 Cryptocurrencies of the Week 

#1 Harmoney ONE  

One Token did enter the crypto market with a promise initially to scale blockchains and provide an infrastructure for NFTs and DeFi to grow linearly. Despite the claim, the much-talked-about 4-shards that created hype among NFT projects in the midst of skyrocketing Ethereum gas fees failed to capitalize on the market sentiment. Investors' positive outlook had consolidated for Harmony’s one token much earlier despite revolutionary consensus mechanisms like EPOS or Effective Proof of Stake. 

The token has lost 30.2% of its value to feature on the list of worst-performing cryptos this week. On January 31 2022, the One token was trading at $0.1866. Fast forward to 17 days and we have seen no up movements at all.  Prices have dipped further with no signs of revival anytime soon.

Fig.1 ONE/USD 4-hours chart - TradingView

? Buy One Token ?

#2 Yearn.Finance YFI

When a DeFi protocol automatically allows you to aggregate overall price movements and pick trades on your behalf, it is a relief that amateur or new investors would battle to try. Yearn.Finance entered the crypto realm with the same solution; however, things hadn’t been sunshine and rainbows for the protocol where the token prices have depreciated by almost 31.8% this past week. If you have bought YFI token as your preferred portfolio, it wasn’t a good week for you. But one can hold on to bright days ahead for sure. 

Fig.2 YFI/USD 4-hours chart - TradingView

#3 Polygon MATIC

Matic recently raised $450 million from Sequoia Capital India to build Web 3.0 solutions. Despite providing additional support to Ethereum scaling in the midst of high gas costs, Matic’s performance remained abysmally under-recognized. The token has dropped by 36.1% which makes it the worst performing crypto even outpacing its peers like One Token and YFI included on the list. On January 1, Matic/Polygon was trading at around the $2.57 mark, however, within a month the token had depreciated to $1.79. 

Fig.3 MATIC/USD 1-hour chart - TradingView

#4 Shiba Inu SHIB

Shiba Inu did ride on top of Elon Musk's antics where he continuously supported meme tokens. The outcome led to an unprecedented rally last year. However, 2022 hasn’t been quite promising for the token. In February, the token dipped to new lows by registering a 37.2% write-off on its value. At the moment, Shiba Inu is 65% down from its all-time high of 0.00005 registered on May 10, 2021

Fig.4 SHIB/USD 2-hours chart - TradingView

#5 Avalanche AVAX

In 2021, the Avax token gained 2800% due to its capabilities of processing transactions at a low cost with super fast speed. However, 2022 hasn’t started on a good note for the token since it has already registered 38.2% value write-off at the time of writing making it the top loser of February 2022. However, there’s some respite due to a slight recovery picking up lately. 

Fig.5 AVAX/USD 1-hour chart - TradingView

Conclusion

All the above-mentioned tokens sank significantly in the past week. On the other hand, we can notice a very similar pattern, where prices fell towards a strong support area. Most tokens are currently around that specific important support. The coming days should determine the upcoming price-action of the entire cryptocurrency market.

Bitcoin broke below 40K, and Ether also did break below the important price of 3K. Will altcoins manage to come back stronger and break away from the Bitcoin correlation?

Don’t forget to follow us on Google News to keep yourself updated with the latest Price Predictions 😉

© Cryptoticker

The post Top 5 WORST Cryptos in February…Did yours make the list? appeared first on CryptoTicker.

Jan 13, 2022 08:55

Yearn.Finance (YFI) Price Rebounces But Still Long Way to All-time High

Since December 4, the rise has seemed like a five-wave upward movement.  A bearish pattern has formed post the tweet:

The post has appeared first on thenewscrypto.com

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