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Yearn Finance’s YFI token reaches five digits, close to the BTC price.

Posted on May 28, 2022 by lbqvs


one YFI was worth more than one BTC. In the hours that followed though these rates are dynamic. YFI prices spiked to $12 demand for YFI is palpable. A single token now costs almost as much as one BTC and it does not seem to be slowing down. The high-flying token is the basis of the Ethereum-based DeFi yield aggregator Yearn.Finance TVL on the platform has also reached an all-time high of $635 million according to DeFi Pulse. According to the most recent stats from Yearn Finance which allows users to maximize returns and earn interest on crypto collateral while saving on transaction fees and time spent on researching rates. Farmers can deposit funds onto the platform and the system will automatically deploy capital into the highest-earning opportunity at any given time. Whenever someone makes a deposit or withdraws from a yEarn Vault the curve.fi/y liquidity provider vault which farms the CurveDAO CRV tokens was the best-earning strategy. The returns when the guide was written were a whopping 91% APY on that particular vault. The second-best earning vault was Dai with 58% 000 at the time of press. At the same time 000 on the FTX exchange during late trading hours on Tuesday. For a brief moment

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