What next as Yearn.Finance token shoots 44% in a week?

What next as Yearn.Finance token shoots 44% in a week?
фото показано с : coinjournal.net

2022-8-5 23:30

Yearn. Finance arbitrages lending platforms for the best rates Yearn.Finance token has risen by 44% in a week. The cryptocurrency has met resistance, and investors should watch lower levels.

In a week where cryptos have mixed returns, Yearn.Finance YFI/USD is among a few with strong gains. With 44% 7-day returns, the token is only rivaled by Filecoin and Optimism in the top 100 coins. The gains are even more remarkable because YFI has overcome a crucial bottom. Does that set it on course to replicate the gains of last year?

Yearn.Finance runs on the Ethereum blockchain. The protocol has carved a name in crypto by arbitraging diverse lending platforms. They include Compound, Aave, and dYdX. It maximizes returns for the users by selecting the platforms with the most favorable rates. Users also earn YFI tokens by staking on the protocol. Users can lock more crypto assets through “yield farming” to raise their earnings.

The latest gains in YFI underline that investors believe DeFi is the future. Other DeFi platforms such as Aave and Compound have been rising by double digits. It was just a matter of time before Yearn-Finance followed. 

Yearn.Finance hits a resistance after weekly gains

Source – TradingView

YFI has met resistance at $12,400 following the latest gains. The token is sliding and currently trades at $10,630. The MACD indicator is bullish, but the momentum is waning. 

We believe YFI will correct as investors take profit at the resistance zone. However, with the token well above key resistance at $7,250, it is on course to hit higher levels. The cryptocurrency could correct to the support or the moving averages. Investors should sell and consider buying lower.

Summary

YFI has gained by 44% in a week. Investors are taking profits after the token hits the resistance. Investors should buy the token once it settles at suitable support. 

The post What next as Yearn.Finance token shoots 44% in a week? appeared first on CoinJournal.

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finance yearn token week shoots coinjournal platforms

Источник: coinjournal.net

finance yearn → Результатов: 126


Цена yEarn Finance резко снизилась на фоне ухода основателя проекта Андре Кронье из индустрии

Старший архитектор решений Fantom Foundation Антон Нелл и ведущий DeFi-разработчик экосистемы, а по совместительству основатель yEarn Finance Андре Кронье решили покинуть криптовалютную индустрию. По его словам, они перестанут сотрудничать по 25 проектам, включая yEarn Finance, Multichain и недавно запущенную Solidly Exchange.

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2020-11-26 17:26


Yearn Finance Consumes Pickle Without Governance Vote

The move follows a hack over the weekend that resulted in the loss of $20 million in stablecoins, however, the community had no say in the decision. Yearn Finance has partnered, or rather absorbed, Pickle Finance in an effort to increase rewards for stakers and reimburse some of the victims of the flash loan attack … Continued The post Yearn Finance Consumes Pickle Without Governance Vote appeared first on BeInCrypto.

2020-11-26 17:13


Фото:

Pickle Finance объединится с yEarn.Finance после потери $20 млн

Разработчики протокола децентрализованных финансов Pickle Finance объявили о слиянии с DeFi-проектом yEarn. Finance Андре Кронье. 🤝Yearn @iearnfinance & Pickle INTEGRATION🤝 Read more in this post from @AndreCronjeTech https://t.

2020-11-25 12:04


Фото:

Yearn.Finance и Pickle Finance объявили о слиянии

Руководство проекта децентрализованного финансирования Yearn.Finance решило протянуть руку помощи недавно взломанному Pickle Finance и объединиться. Это поможет компенсировать потери пользователям.

2020-11-25 10:57


Предложение Ethereum на рынке может упасть после запуска ETH-пула в yearn.finance

Аналитики ожидают, что запуск пула yETH популярным DeFi-проектом yearn. finance окажет положительное воздействие на рынок Ethereum. Инструмент поможет держателям эфира использовать свои монеты для автоматического вложения в наиболее доходные возможности, предоставляемые DeFi-проектами с поддержкой заработка токенов при помощи предоставления ликвидности.

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