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

2023-2-25 15:07

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 of Yearn Finance, is trading just under $10,000 on Friday morning having retreated from a six-month high reached late Thursday.

At the moment, YFI/USD is trending near $9,420, just in the red on the day but more than 30% up over the past 30 days.

YFI price surges as Yearn Finance offers Ether liquid staking asset

YFI traded at lows of $7,400 on Tuesday and printed four consecutive green candles before today.

YFI price has surged over the past few days to hit $10,405 on Binance. Source: TradingView

As can be seen from the chart above, the Yearn Finance token traded as high as $10,405 on Binance as traders looked to buy YFI. The governance token’s price has been surging amid the latest positive news around it.

While YFI has given up some of the intraday gains, it is likely to see a fifth consecutive green candle and eye further gains if the market returns to bullish sentiment.  

On Tuesday, the Yearn Finance developer team announced the platform was ready to unveil a liquid staking derivative (LSD) product for Ethereum. 

Introducing yETH, an LSD of LSDs.

💊 Get exposure to a basket of LSDs in one token.
🌈 Spread your risk.
🍄 Boosted yields.

Get ready to expand your mind anon.

— yearn (@iearnfinance) February 21, 2023

Liquid staking involves the locking up of staked tokens in exchange for tokenised versions that holders can then use across decentralised finance, including as collateral at lending platforms, margin trading or yield generation.

The DeFi platform’s new product will allow exposure to a single token offering to multiple LSDs. According to the team, yETH gives investors an opportunity to spread their risk even as they look to boost their yield.

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

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yearn.finance (YFI) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $6229.77
Капитализация $0 Rank 99999
Цена в час новости $ 8953.76 (-100%)

yearn yfi token liquid new staking finance

Источник: coinjournal.net

yearn yfi → Результатов: 126


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Токен проекта yEarn Finance взлетел выше $6500 после листинга на Binance

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17 июля разработчик Андре Кронье запустил кредитный DeFi-протокол Yearn. Finance, предоставив владельцам его нативных токенов YFI возможность управлять развитием проекта. Всего за несколько дней монета взлетела с $34 до $4505.

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Токен клона проекта yEarn Finance обесценился, не сумев привлечь хайп оригинала

Токен yffi finance (YFFI) спустя два дня после листинга потерял 99% стоимости. Другая «копия», yfii finance (YFII), просела на 87,6% от пика, установленного три дня назад. Оригинальный yEarn Finance (YFI) остается стабильным на фоне обрушения подражателей.

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У подорожавшей в тысячу раз криптовалюты появился клон. Что о нём известно?

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DeFi-пузырь: Токен yEarn Finance за неделю вырос от нуля до $4500

На фоне растущего хайпа вокруг сферы децентрализованных финансов (DeFi) в последние дни повышенное внимание привлек предлагающий доходное фермерство проект yEarn Finance. Всего за неделю с момента запуска токен YFI взлетел до $4500, после чего стремительно пошел вниз, потеряв в цене за последние сутки почти треть своей стоимости.

2020-7-27 09:02


Токен проекта yEarn Finance вырос за неделю до $4500

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2020-7-27 15:46


Токен проекта yEarn Finance вырос за неделю с нуля до $4500

На фоне растущего хайпа вокруг сферы децентрализованных финансов (DeFi) в последние дни повышенное внимание привлек предлагающий доходное фермерство проект yEarn Finance. Всего за неделю с момента запуска токен YFI взлетел до $4500, после чего стремительно пошел вниз, потеряв в цене за последние сутки почти треть своей стоимости.

2020-7-27 15:46


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