Yearn Finance Token - YFI Price Soared to $40.4K. How Did It Happen And What's Next?

Written by serkhitrov | Published 2020/10/11
Tech Story Tags: yfi | yearn.finance | defi | decentralized-finance | yield-farming | defi-solutions | defi-top-story | defi-projects-2020

TLDR Yearn Finance Token - YFI Price Soared to $40.4K. How Did It Happen And What's Next? Sergei Khitrov, CEO of the yearn.finance project, explains how this could have happened. YFI token initially traded from the mark of $32, then soared to $39 000. YFI tokens were minted, which is much less than in other cryptocurrencies. As the popularity and amount of funds locked in the protocol increased, the price of YFI also grew.via the TL;DR App
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Written by serkhitrov | Founder & CEO of Jets.Capital, an private investment fund; founder & CEO of Listing.Help agency and Blockchain Life.
Published by HackerNoon on 2020/10/11
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