YFI News

Two transactions worth nearly $60m in YFI, the native governance token of Yearn Finance, a DeFi protocol, have been posted on the platform, Santiment data on Feb. 8 shows.

On Saturday, Ethereum based crypto lending protocol Inverse Finance, disclosed that it had been hacked, with the attacker making off with $15.6 million in cryptocurrency. As per the project’s report, the hacker set his sights on the Anchor money market,…

The worldwide crypto market cap stands at $1.81 trillion, a 0.18 percent fall from the previous day. The entire cryptocurrency market volume for the previous 24 hours is $83.26B, a 12.07 percent fall. The entire volume in DeFi is present…

Grayscale CEO Michael Sonnenshein today announced the launch of a blue-chip DeFi fund based on Coindesk’s DeFi-specific index. Grayscale Unveils DeFi Fund Sonnenshein made the announcement speaking on CNBC’s Squawk Box, adding that the digital asset manager has witnessed a…

Yearn Finance (YFI) has joined forces with Immunefi to launch a bug bounty program. The team says it is setting aside from $100 to $200,000 to reward whitehat hackers depending on the severity of the bug, according to a press…

Bitcoin has been smashing records in the last few months and has rallied to record highs above $60K. However, DeFi tokens have also performed well in recent weeks, allowing savvy investors to rake in some of the biggest returns in…

The yearn.finance community has voted to mint 6,666 YFIs, which was with one-thirds allocated to key platform contributors and two-thirds to the Treasury. The minted YFI, which is to be placed on the Treasury, will be under the control of…

In yet another decentralized finance (DeFi)-related M&A (merger and acquisition), Yearn.Finance and SushiSwap have announced a partnership between both protocols. The news marks the first of such mergers for DeFi bluechip Yearn.Finance as it continues to gain a larger presence…

Andre Cronje’s Yearn protocol comes to the rescue of the recently hacked Pickle protocol. Yearn Comes to the Aid of Pickle Finance Recently compromised decentralized finance (DeFi) protocol Pickle Finance has got some aid from Yearn.finance, a DeFi protocol led…

DeFi is the talk of the town in the crypto landscape these days, and DeFi exit scams aren’t too far behind. Only a Matter of Time? DeFi, the new “in” thing within the cryptocurrency industry has witnessed unprecedented growth since…

A shiny new DeFi swap protocol has its value surge 3x to $300 million total value locked (TVL) under a week. But it’s no technical stature – the token behind the pool’s surge states its value to “close to zero.”…