Yearn Finance (YFI) Takes Advantage of the Down Market, Buys its Own Dip

2021-4-20 15:45

Decentralized finance (DeFi) project Yearn purchased 27.97 YFI for $1.164 million with a portion of protocol earnings as part of its buyback and build proposal, YIP-56.

Interestingly, this purchase was made on the weekend when the market experienced a crash. Yearn.Finance has actually bought its own dip.

The price of YFI went down just under $41,500 during this dip from the brand new all-time high of $54,266 just the day before.

Just a day before this, Yearn had placed another auction to buy back YFI for up to 404,790 DAI per YFI.

What’s more interesting is that Yearn purchased these almost 28 YFI at an average price of $41,621 per YFI, perhaps marking the bottom of the crash and taking YFI yet again higher to a new ATH at about $57,400.

As of writing, YFI has been trading around $54,600.

Yearn.Finance is a DeFi blue-chip that allows users to optimize their earnings on crypto assets through trading and lending services.

Over the weekend, sBTC yVault was migrated from v1 to v2 for users to earn higher yields. Meanwhile, the total value logic (TVL) in the protocol continues to rise, surpassing $3 billion.

yearn.finance/USD YFIUSD 45,542.5488 -$7,336.90 -16.11% Volume 676.63 m Change -$7,336.90 Open$45,542.5488 Circulating 36.63 K Market Cap 1.67 b baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[scripts.length - 1]; var cccTheme = {"Chart": {"fillColor": "rgba(248,155,35,0.2)", "borderColor": "#F89B23"}}; (function () { var appName = encodeURIComponent(window.location.hostname); if (appName == "") { appName = "local"; } var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl + 'serve/v1/coin/chart?fsym=YFI&tsym=USD'; s.src = theUrl + (theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); var single_widget_subscription = single_widget_subscription || []; single_widget_subscription.push("5~CCCAGG~YFI~USD"); The post Yearn Finance (YFI) Takes Advantage of the Down Market, Buys its Own Dip first appeared on BitcoinExchangeGuide.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Market.space (MASP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 MASP

market yearn yfi finance yip-56 proposal build

Источник: bitcoinexchangeguide.com

market yearn → Результатов: 58


Yearn Finance Proposes Using Staking Funds to Buyback YFI

DeFi blue chip project Yearn.Finance is proposing to use the staking funds for buyback- treasury, and it is being received well with a good 93% majority votes, out of 177 so far. These YFI will be repurchased on the open market and then used for contributor rewards and other Yearn initiatives like security audits, bug […] The post Yearn Finance Proposes Using Staking Funds to Buyback YFI first appeared on BitcoinExchangeGuide.

2021-1-14 17:22


Trader: Yearn.finance Likely to See One More Dip Before Rocketing Higher

Yearn.finance’s YFI token is trading up significantly today, with bulls aiming at providing the cryptocurrency with a strong foothold within the lower-$20,000 region. Where the aggregated crypto market trends in the near-term will likely depend on Bitcoin and Ethereum, with the strength seen by these two digital assets helping to provide the DeFi sector with […]

2020-11-18 00:00


Фото:

Why a Technical Analyst is Predicting a Sub-$8K Yearn Finance (YFI) Crash

More warnings flashed for Yearn Finance’s governance token YFI even as it showed signs of recovering after an upside weekend session. Market analyst Teddy Cleps envisioned a waterfall-like trend for YFI/USD, noting that the pair is likely to continue trading lower with anticipations of bouncing back on every support-retest. He further hinted that price floors […]

2020-10-19 14:04


дальше еще 9 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Lending protocol Echelon launches debt-driven Move appchain

Echelon, a decentralized lending protocol on Aptos, has launched Echelon Chain, a debt-driven Move appchain. The appchain, built on Initia’s Interwoven Stack, leverages Celestia’s modular blockchain technology, the Echelon team announced on Nov.

DeSci project Pump Science exploited following private key leak

Decentralized science platform Pump Science has warned users of fraudulent tokens deployed via its Pump.fun account after its private key was leaked on GitHub. According to a Nov. 27 announcement, the attacker managed to acquire private keys linked to its…

Volatility expected as Bitcoin nears $100k: OKX CMO

Haider Rafique, Global Chief Marketing Officer at OKX, has warned of heightened volatility as Bitcoin approaches the $100,000 mark. Bitcoin (BTC) rallied close to the $100,000 mark last week but fell short of breaking this psychological resistance level and had…

Phantom wallet goes live on Base blockchain

Phantom Wallet has expanded to Coinbase-developed Ethereum layer-2 network Base as a part of its multi-chain expansion plans. After rolling out beta support for Base last month, Phantom announced on Nov.