Yearn.Finance (YFI) Token Spikes 100% in Week: Possible Reasons - BitcoinEthereumNews.com
Vladislav Sopov One of most expensive cryptocurrencies of latest DeFi euphoria is pumping again amid bearish recession Nilalaman YFI spikes 46% in less than 12 hours Yearn.Finance radically changes its compensation policy to keep protocol sustainable amid recession YFI, a core native cryptocurrency of high-performance DeFi aggregator Yearn.Finance, demonstrates rocketing performance despite an accelerating bearish recession in crypto. YFI spikes 46% in less than 12 hours On June 18, 2022, the YFI price dipped below 22-month lows and almost plunged to the $4,000 level. However, after reching the bottom, the asset started rallying. Imahe sa pamamagitan ng CoinMarketCap The most impressive phase of the rally started yesterday, on June 24, 2022. The YFI price jumped from $5,400 to almost $8,000 in a matter of hours. It allowed YFI to erase its losses in the last three weeks: for the last time, YFI was over $8,000 in early June. However, YFI remains one of the worst sufferers of Crypto Winter: it has lost over 92% since its all-time high. Ads In the last six months, the YFI price plummeted from $40,000 to $4,000. By press time, YFI is changing hands at $6,724 on major spot trading platforms. Yearn.Finance radically changes its compensation policy to keep protocol sustainable amid recession On June 21, 2022, Banteg, a