Category: Yearn.finance

DeFi protocol Yearn.Finance announces fifth merger, this time with Uniswap fork SushiSwap

DeFi protocol Yearn.Finance announces fifth merger, this time with Uniswap fork SushiSwap

Decentralized finance (DeFi) protocol Yearn.Finance has announced yet another merger, this time with SushiSwap, a fork of decentralized exchange Uniswap. As part of this deal, Yearn and Sushiswap’s development resources will merge, and their total value locked (TVL) would combine. The current TVL of Yearn is around $455 million, and SushiSwap’s TVL is about $730 […]

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DeFi’s first M&A deal? Yearn.Finance and Pickle Finance are set to merge

DeFi’s first M&A deal? Yearn.Finance and Pickle Finance are set to merge

Decentralized finance (DeFi) protocols Yearn.Finance and Pickle Finance are set to merge in what appears to be the first M&A agreement of the DeFi space. Announcing the merger on Tuesday, both teams behind the protocols said they would work together to leverage shared expertise and increase specialization. The actual merger would occur when the second version […]

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Yearn.Finance founder Andre Cronje introduces new DeFi protocol ‘Deriswap’

Yearn.Finance founder Andre Cronje introduces new DeFi protocol ‘Deriswap’

Andre Cronje, the founder of the popular decentralized finance (DeFi) protocol Yearn.Finance, has introduced a new project. Dubbed Deriswap, Cronje’s new protocol combines different segments of DeFi — swaps, options, and loans — into one platform. “Deriswap allows for a consolidated, capital efficient market for trading, Options, Futures, and Loans, allowing LPs [liquidity providers] to […]

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YFI’s Andre Cronje Unveils Multi-Purpose DeFi Protocol Deriswap

Andre Cronje, the brain behind the popular DeFi protocol Yearn Finance and the most expensive cryptocurrency YFI, has unveiled yet another DeFi protocol called Deriswap. Obsessed With Capital Efficiency The project focuses on capital efficiency, an aspect of DeFi that Cronje said he is obsessed with. The YFI creator is set to change the current […]

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Top DeFi Tokens Explode as TVL Nears $14 Billion

Top DeFi Tokens Explode as TVL Nears $14 Billion

It’s an all-around green day in crypto land. Bitcoin price has surged beyond $18,000, closing the gap with its previous all-time high of $20,000. ETH just rocketed past $500 for the first time in two years. But apart from the usual cryptocurrencies, decentralized finance (DeFi) tokens are sitting on gains as a majority of them […]

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Yearnify Finance (YFY) Hidden Gem – Decentralized Finance Project, Pre-Sale Round 2 Is Now Live

Yearnify Finance (YFY) Hidden Gem – Decentralized Finance Project, Pre-Sale Round 2 Is Now Live

PRESS RELEASE. Yearnify Finance is considered as one of the most innovative sources of passive income by most of the investors. It has drawn attention due to its potential high returns and extreme security measures. What is Yearnify Finance? Yearnify Finance is a community-centered DeFi-project, modeled to take the successful features of Yearn Finance (YFI), […]

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$100 Million Accelerator Fund from Binance Now Supports PARSIQ, a Reverse-Oracle Blockchain Platform

$100 Million Accelerator Fund from Binance Now Supports PARSIQ, a Reverse-Oracle Blockchain Platform

PRESS RELEASE. PARSIQ is a working platform that makes blockchain events consumable and blockchain data actionable. It allows users—both individuals, companies, enterprises—to monitor any events across different blockchains in real-time and at scale and connect those events to any off-chain apps or devices to automate different workflows. A blockchain-to-everything monitoring service PARSIQ was announced to […]

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Major Defi Token Prices Plunge, as Money Moves Back Into Bitcoin

Major Defi Token Prices Plunge, as Money Moves Back Into Bitcoin

Major decentralized finance (defi) projects fell sharply in October, with token prices tumbling by between 30% and 56%, as money appears to be moving away from the overhyped space and back into bitcoin. According to Coingecko data, Andre Cronje’s Yearn Finance (YFI) fell fastest, crashing 56% to around $10,400 as of Nov. 1, down from […]

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Yearn Finance Founder Andre Cronje’s New Defi Token KP3R Soars 3,600% 24 Hours After Launch

Yearn Finance Founder Andre Cronje’s New Defi Token KP3R Soars 3,600% 24 Hours After Launch

Yearn Finance founder Andre Cronje’s new defi token called KP3R has soared more than 3,600% in just over 24 hours after official launch, as yield farmers pour in millions of dollars into the project. The token opened at just $10 on Uniswap on Oct. 28, but is currently trading at $373.58, as of press time. […]

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Kraken CEO: ‘Defi Scams’ Must Take Their Losses as Way to ‘Enlightenment’

Kraken CEO: ‘Defi Scams’ Must Take Their Losses as Way to ‘Enlightenment’

Jesse Powell, chief executive officer of the world’s fourth-largest crypto exchange Kraken, has criticized decentralized finance (defi) projects, accusing them of being “scams” that enter the market too quickly, unprepared. In a charged Oct. 26 tweet, Powell said the “scams” should not expect crypto exchanges to bail them out once things go wrong. Preferring to […]

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