DeFi protocol Yearn has taken Pickle onboard to create new vaults and strategies. Decentralized finance protocol Yearn has announced a partnership with Pickle Finance to bolster yield farming incentives, and compensate victims of the recent Pickle exploit that resulted in the loss of almost $20 million in Dai. According to an announcement from Yearn founder…
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Price and social media sentiment swoon in unison as Yearn Finance formalizes operations budget. After a three-day voting period, this morning members of Yearn Finance’s decentralized governance approved Yearn Improvement Proposal 54 (YIP-54), formalizing an ongoing budget for operational expenses. YIP-54 aims to improve on previous proposals, including YIP-36 and YIP-41, which allowed for expenditures…
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Since making its first investment in October, Polychain Capital is now the 10th-largest holder of YFI. Institutional money appears to be flowing into the decentralized finance (DeFi) sector, with Yearn Finance (YFI) among the top beneficiaries. According to crypto market data aggregator IntoTheBlock, on-chain transactions of $100,000 or higher have increased by 282% over the…
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The latest token offering by Yearn Finance founder Cronje has surged within hours of launch A newly launched token by Yearn Finance founder Andre Cronje has skyrocketed within hours of launch as degen farmers load up. The new token called KP3R is for Cronje’s latest project called Keep3r Network which is a decentralized gig-style, smart…
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Over-exuberant investors have once again realized losses after rushing to trade the native token of Andre Cronje’s latest DeFi experiment. Yearn Finance creator Andre Cronje quietly published his third protocol to GitHub since August on October 19, dubbed Keep3r Network. Despite the lack of a formal launch announcement, and Keep3r’s documentation stating the protocol is…
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Top Yearn Finance developer Andre Cronje has disappeared from social media due to ‘death threats’ — and now the community is posting ‘Love Letters’ to entice him back. Yearn Finance (YFI) developer Andre Cronje has dropped out of public view after reportedly receiving ‘death threats’ from the decentralized finance (DeFi) community and becoming ‘demoralized’. Cronje…
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Ethereum’s correction triggered a DeFi-token collapse which resulted in YFI and UNI dropping by 46%. After outperforming Bitcoin (BTC) and Ether (ETH) strongly in August, Decentralized Finance (DeFi) tokens are now plummeting as many registered losses of up to 50%. Cryptocurrency daily market performance snapshot. Source: Coin360 At the moment, the two coins garnering the…
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Bitcoin remains stuck in a tightening range but select altcoins may begin moving higher if they bounce off their key support levels. This week Digital Assets Data CEO Mike Alfred told Cointelegraph that mainstream investors are still “skeptical of Bitcoin and the ecosystem.” However, Alfred believes that this “skepticism and disbelief” will turn out to…
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Yearn Finance is launching a MakerDAO like stablecoin lending protocol with no governance token. Popular decentralized finance (DeFi) platform Yearn Finance has announced a new lending protocol dubbed StableCredit. StableCredit combines tokenized debt stablecoins, lending, and single-sided automated market makers to offer what it describes as “a completely decentralized lending protocol” reminiscent of MakerDAO (MKR).…
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An anonymous user managed to net a profit of $250k from a $200 outlay due to a flaw in a DeFi protocol clone’s rebase code. An anonymous user has revealed how he made $250k in profits from a minor investment in a cloned version of Yearn.finance called Soft Yearn (SYFI). The token SYFI was launched…
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