Yearn Finance, the veteran decentralized finance protocol, announced it was buying back its native token YFI aggressively. In return, the price of YFI has already skyrocketed 30% in 24h
Yearn Finance offers lending aggregation, yield generation, and insurance on the Ethereum blockchain. It offers major USD tokens such as DAI, USDT, USDC, and TUSD. Yearn Finance debuted the vault feature after its token launch, which generated a frenzy among automated yield farming services. The vaults benefit users by socializing gas costs, automating the yield generation and rebalancing process, and automatically shifting capital as opportunities arise.
https://yearn.finance/#/homeYearn Finance was launched in July 2020 and its governance token, YFI was released to the community through a fair launch. At its initial release, because there were no fundraising nor valuation placed on Yearn Finance, the market did not fully comprehend the value capture and not able to figure out the market value for it. Circulating Supply 35,692 and Total Supply 36,666 with Current price of $27,520 Yearn Finance operates on 2 blockchains Ethereum ETH and Fantom FTM. Binance exchange is the most active over the day with $123,871,781 volume, OKEx 2nd with $83,023,174 volume in 24h Coinbase 3rd with volume $52,094,801 in 24h.
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