Badger DAO, a decentralized finance (DeFi) protocol on absorbing bitcoin liquidity on Ethereum, recently announced a partnership with Yearn.finance. Badger DAO launched in December as a project looking to drive the adoption of Bitcoin (namely tokenized Bitcoin iterations such as WBTC and renBTC) on Ethereum. The project has seen immense traction thus far, garnering over…
YFI soared 10% within an hour after a V2 vaults teaser was uploaded by the Yearn.finance Twitter handle. pic.twitter.com/2bcO70Ps6h — yearn.finance (@iearnfinance) January 18, 2021 A pseudonymous developer working on the v2 vaults said: “After 4 months and 8 design iterations, v2 Vaults are finally live! So proud to see this extensive redesign in action!…
Decentralized finance project Cream has been the subject of much attention in the past few weeks. Its native token, fittingly named CREAM, is up 40 percent in the past 24 hours alone. Cream is a money market project forked from Compound. The project garnered traction during DeFi summer after it released a yield farming system…
Over the past few months, Yearn.finance (YFI) has been on a collaboration spree. Late last year, project founder Andre Cronje announced that it would be absorbing Pickle Finance, a DeFi yield aggregator. This was followed by a series of other announcements in which Cronje revealed that Yearn.finance would be absorbing the resources of other protocols…
Uniswap’s and Yearn.finance’s native coins, UNI and YFI, are finally moving higher after an extended slump. The two leading decentralized finance-focused coins are both up by over 10 percent in the past 24 hours as there has been positive technical and fundamental news for both. UNI and YFI are among the best-performing crypto assets of…
The decentralized finance (DeFi) space has seen extreme growth this year, as evidenced by the $15 billion worth of capital now sitting in this space’s contracts. Further, tokens pertaining to the DeFi space have seen extremely strong performances this past year. Early venture investors in decentralized API protocol The Graph (GRT) are now up by…
Just ahead of the long-awaited Ethereum 2.0 upgrade, Andre Cronje of Yearn Finance prepares for the next phase of DeFi growth with a flurry of mergers. What does it say about the state of DeFi? Since its launch on July 17th, 2020, Yearn Finance had been envisioned as an aggregator platform encompassing various lending protocols,…
In recent weeks, Yearn.finance, the decentralized finance (DeFi) giant valued at $854 million, made major acquisitions of other DeFi projects. The aggressive acquisitions and mergers have buoyed the overall market sentiment around YFI. The Great Unbundling $YFI 📚 How “The Great Unbundling” applies to YFI 📍 Why I’d rather own YFI vs its “acquired” tokens…
While many expected Bitcoin to steal the show as it has set a new all-time high, this has not been the case: unlike in October, altcoins have matched BTC’s rapid ascent over recent days, moving in tandem with the lead cryptocurrency. No coin has shown this quite as well as SushiSwap’s native SUSHI token. As…
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. It began last week with Pickle Finance, the yield aggregator that underwent an immense hack of $20 million just days before the news of the acquisition broke. The acquisition did not…