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yearn.finance price, market cap on Coin360 heatmap

yearn.finance(YFI)

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$11,508.01
(1.71%)
0.47859777 BTC
Market Cap (Rank#113)
$421,627,414
17,535 BTC
Vol 24h
$21,475,168
893.114 BTC
Circulating Supply
36,637.72
Max Supply
36,666
35 days agocoindesk
Celsius Looks Sloppy in New Lawsuit, but So Does the DeFi Legend Suing It
While underscoring Celsius’s disregard for risk and weak controls, KeyFi’s lawsuit also casts new, unflattering light on the crypto whale known as @0x_b1.
35 days agocointelegraph
Bombshell allegations of fraud as KeyFi takes Celsius to court
KeyFi Inc.’s complaint alleges that Celsius failed to honor a multi-million dollar profit sharing agreement after deploying numerous successful staking and DeFi strategies for the firm.
55 days agocryptodaily
Brand Connector from Smart Token Labs: connecting brands and NFTs
Sydney, Australia, 17th June, 2022, ChainwireSmart Token Labs, a Web3 open source software development company, today announced the launch of its newest product, Brand Connector. The first-of-its-kind solution enables any website to recognize and interact with any NFT collection, derivative, or coin. With Brand Connector, Web2 brands can customize content, rewards, and offers by integrating NFTs into their website or loyalty programs. “Brand Connector helps innovative brands that want to explore NFT integrations or activations,” said Victor Zhang, Co-founder, and CEO of Smart Token Labs. “Brand Connector is an activation bridge for Web3 brands and NFT collections, enabling websites to respond to visitors based on the tokens stored in their digital wallets. Brand Connector can be integrated into any website, connect to any loyalty or rewards program, and can interact with any token, collection or derivative.” Powered by TokenScript, Brand Connector is an open and accessible Web3 solution for Web2 brands to partner and innovate around NFT collections. The novel product allows brands to bring Web3 capabilities into Web2 through high-value, accessible experiences for token holders. Deployed as a Node Package Network (NPN) package, Brand Connector is able to connect to any website without the need for a custom build or dApp from the brand or collection. “Working alongside La Prairie and Smart Token Labs for my NFT campaign, Space Beyond, I experienced firsthand the impact of a product like Brand Connector,” said world-renowned artist, Carla Chan. “The Space Beyond launch was built with Brand Connector on the Ethereum blockchain. Smart Token Labs was a tremendous asset in the NFT launch, supporting us with world-class knowledge to deliver our artwork to consumers from all over the world.” To learn more about Smart Token Labs and explore Brand Connector, visit https://brandconnector.tokenscript.org. Follow Smart Token Labs on Twitter or Github, and join the conversation on Telegram and Discord. About Smart Token Labs: Smart Token Labs is creating a new standard for a tokenized future. Since 2017, it has been building two core bridges to this future: AlphaWallet, a superuser agent for smart tokens, and TokenScript, the smart token interface for token composability. TokenScript is a token-centric framework for building composable smart tokens for use cases across NFTs, PlayFi, DeFi, the metaverse, and the entire Web3 spectrum. ContactsChief Marketing OfficerBrent [email protected]
63 days agocryptodaily
BC.Game Takes Home the Sigma Award for Crypto Casino of the Year
This is by far the most historic moment for BC.Game, which is pleased to announce that they have won the Crypto Casino of the Year Sigma Award in Curaçao in June 2022. Every year, the most deserving online casino platform receives the prestigious Sigma Award. Aside from this award, Sigma also holds events in many places around the world, such as in America, Europe, Asia, and Africa. Sigma America was hosted between 6 - 9 June, bringing together the industry’s most innovative minds. Last year, True Flip held the crown, but it has been handed over to BC.Game this year. The new title holder is currently revolutionizing both the casino industry and the blockchain space at the same time. 2022 for the BC.Game Even though it's almost the halfway point of the year, BC.Game has already won another award. This time, the second award is for the AIBC Blockchain Gaming Platform of the Year. After the awards were given out, Steven, Co-founder of BC.Game, expressed his gratitude to the team for receiving such a significant distinction. "We're glad to receive the Crypto Casino of The Year award, and we can't wait for many years to come for us to prove that we're doing our best to give our players an exceptional experience." There is no doubt that 2022 is going to be BC.Game's year, as they have shown their ability to be trusted in this business since 2017. The casino's primary objective has always been to give its customers the greatest gaming experience possible. BC.Game places a high value on interactivity among its players, forming a kind of online gambling social network in the process. More about BC.Game In order to enhance the gaming experience for its customers, the casino platform has been collaborating with a variety of game developers and cryptocurrency issuers. Slots, roulettes, sports betting, and more can be found on the site. Around 2,000 slot machines, 200+ live casino games, 20 scratch cards, and 19 in-house games, such as Crash, are available to players, along with a selection of over 59 cryptocurrencies they may pay with. BTC, ETH, BNB, DOGE, BANANO, AMPL, and YFI are among the most well-known, but there are also some rarities in there. BC.Game is owned by BlockDance B.V. and has been operating under the Curaçao Interactive License (CIL) since August 2021. Both on desktop and mobile, the platform's interface is sleek and easy to use. Contact for more BC.Game can provide you with the most enjoyable experience. Play their games, and don't forget to follow them on social media: Telegram,Medium,Github,Medium,Twitter,Facebook,Discord,Bitcointalk Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
66 days agocryptopotato
Atlendis Labs Announces the Launch of the Atlendis Protocol V1
[PRESS RELEASE – Paris, France, 7th June 2022] Atlendis, a capital-efficient DeFi protocol that enables crypto loans without collateral, announced today the launch of the Atlendis protocol V1 on Polygon mainnet, a full-stack Ethereum scaling solution. This is a major milestone for Atlendis (formerly known as JellyFi) following its $4.4 million seed funding round and […]
93 days agocryptodaily
Bancor 3 Goes Live Partnering with Polygon, Synthetix, Yearn, Brave, Flexa, Nexus Mutual & 30+ DAOs
Bancor Network, the first AMM-enabled DeFi protocol, announced its latest upgrade, Bancor 3 is going live with support from top crypto partners. The decentralized finance (DeFi) liquidity protocol aims to boost DeFi projects and the ecosystem, empowering token projects and their holders to drive healthy on-chain liquidity in their native tokens. Furthermore, the new updated Bancor 3 will introduce new features that will unleash a wave of innovation and developments in the DeFi space while maintaining its simple user interface. Announced Today, the project launch has already attracted over 30 token projects including Polygon (MATIC), Yearn (YFI), Flexa (AMP), Enjin (ENJ), Nexus Mutual (wNXM), and WOO Network (WOO). These projects will provide seed liquidity on the network and offer incentives on Bancor via the protocol’s new customizable Auto-Compounding Rewards system. “Polygon is excited to utilize Bancor 3 to build decentralized liquidity for $MATIC token holders. Bancor’s Single-Sided, Protected liquidity solution makes it easier than ever for our DAO and token holders to safely stake and earn $MATIC while driving community-sourced liquidity that powers low-slippage MATIC trading,” a statement from the Polygon team reads. Launched in 2017, Bancor has provided liquidity solutions in the DeFi ecosystem, enhancing decentralized trading and staking opportunities for its community. The platform offers users a DeFi trading and staking protocol with single-sided liquidity & 100% impermanent loss (IL) protection. Overseen by the Bancor DAO, the protocol's mission is to bring DeFi mainstream by providing the simplest and safest way to trade and earn passive income in DeFi. Following a two-year growth period for liquidity staking and yield farming in DeFi, DAOs and token communities are still searching for a simple, safe, and sustainable way to drive on-chain decentralized liquidity. Looking at most of the projects, the strategies employed by token projects to create long-term liquidity have proven ineffective. Most liquidity mining programs aimed at incentivizing liquidity attract “mercenary” yield farmers who farm and dump token rewards, while the risk of IL causes even loyal token holders to withdraw liquidity when rewards expire. With the launch of the Bancor 3 live network, projects will create more sustainable liquidity pools by protecting participants against the risk of Impermanent Loss. Token holders are less likely to withdraw liquidity when rewards expire since they’re protected from value loss and can continue earning with less risk and zero maintenance. “Bancor has become one of the largest sources of on-chain AMP liquidity for good reason: It is a safer and simpler way to stake,” Flexa said. “With Bancor 3, we’re doubling down on our belief in Bancor by seeding our pool with AMP liquidity and providing auto-compounding rewards to our token holders who stake their AMP on Bancor.” The new updated Bancor 3 features In its quest to provide the ultimate DeFi liquidity provision solution, Bancor 3 live version introduces a number of novel features that simplify liquidity provision and encourage broad and sustainable involvement in on-chain liquidity markets. First, the upgraded version introduces the ‘Omnipool’, a new protocol architecture that consolidates token liquidity in a single, virtual pool, minimizing gas costs and increasing efficiency and usability at every touchpoint. Bancor 3 also introduces an unlimited single-sided staking protocol that allows users to provide liquidity and earn yield in a single token pool, reducing the chances of IL. Additionally, the new upgrade introduces an auto-compounding rewards feature, whereby trading fees and rewards auto-compound inside the pool, while simultaneously serving as liquidity from day one. Third-party token projects can also incentivize liquidity providers with auto-compounding rewards free from Impermanent Loss giving them an opportunity to earn dual rewards. Bancor 3 will also feature a smart portfolio tracker, a new front-end interface that makes the process of providing liquidity, managing positions and tracking profits refreshingly easy. Finally, the upgraded version also ensures all deposited tokens receive 100% impermanent loss protection instantly, compared to the 100 day-limit on previous Bancor versions. Mark Richardson, the Product Architect at Bancor, said: “Bancor has spent the past several years creating the equivalent of high-yield savings account for DeFi: Deposit your assets, sit back and earn. By helping token projects and their users safely and simply tap into DeFi yields, Bancor 3 enables robust and resilient on-chain liquidity markets that drive healthy token economies.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
121 day agocryptodaily
What Are Stablecoins & What Makes Them ‘Stable’?
Cryptocurrencies like Bitcoin, Ethereum, and others can be excellent investments for those looking for a big return, but their incredible volatility can also be a drawback at times. Because the value of Bitcoin and other cryptos fluctuates so wildly, often gaining or losing thousands of dollars in the space of a few hours, it can cause big headaches for investors at the wrong end of a price movement. So much so that they need a way to exit their position quickly, rather than risk maintaining it overnight when anything could happen. Previously the best thing investors could do was cash out overnight. But transferring crypto to fiat is a time-consuming process that often incurs not insignificant fees. Hence, the world’s first stablecoins were born. Stablecoins are the crypto-equivalent to fiat currencies like the U.S. dollar, Euro, or Japanese yen. They can be trusted to hold their value over time and also provide a way to easily transfer that value. For example, Bitcoin investors can quickly convert their holdings to a USD stablecoin, then invest that amount elsewhere when they feel the time is right. It can be transferred to a different exchange or wallet with ease, much faster than Bitcoin transactions occur. It can also be withdrawn more easily or spent at certain vendors. Stablecoins were a big boon for crypto traders when they first emerged in the middle of the 2010s. It provides a way for them to instantly cash out and sleep peacefully without needing to stress over how their position might be affected in the morning. They also give investors a way to hold part of their portfolio in cash, so they’re ready to buy whatever asset they need at a moment’s notice. The vast majority of stablecoins peg their value to the U.S. dollar, though there are many that peg themselves to alternative fiat currencies such as the Euro, the GBP, the IMF’s SDR, assets such as gold, and even to other cryptocurrencies, such as the unique Wrapped Bitcoin crypto. That said, there are a number of stablecoins that appear to stand out from the crowd, proving extremely popular with investors. We’ve highlighted a few of them below. Acala (aUSD) aUSD is the stablecoin of Acala, which is an emerging DeFi hub project on the Polkadot blockchain. It is designed to allow users to transfer value that’s pegged 1:1 with the USD across any parachain within Polkadot’s ecosystem. The stablecoin is based on the Honzon protocol, which is similar to other protocols in that it requires collateralization before new tokens can be minted. However, aUSD is notable for being a multi-collateralized token that can be backed by Polkadot’s native DOT token, BTC, ETH, KSM and various other ERC-20 tokens. To mint new aUSD, users must take out a loan from Acala using one or more of those cryptocurrencies as collateral, and they’ll be required to pay interest on the loan. However, unlike other protocols, Honzon uses various mechanisms that ensure stability and manage the risks that arise from the fluctuating value of the underlying assets. The advantage aUSD has over other stablecoins is it has full access to Polkadot’s ecosystem of parachains, allowing it to transfer value across them in seconds. It can therefore perform many functions easily. For instance, aUSD allows users to earn interest by lending aUSD via several different DeFi protocols within the Polkadot ecosystem. Users can also trade aUSD through various decentralized exchanges, benefiting from higher liquidity thanks to its cross-chain nature. Finally, aUSD is secured by the shared security model of Polkadot TerraUSD (UST) The primary stablecoin of the Terra blockchain, TerraUSD is not backed by any on-chain asset, but rather maintains its 1:1 peg with the USD by using an algorithm that manages its money supply. So, when 1 UST falls lower than 1 USD, the system mints and auctions mining power to buy back and burn UST to reduce the overall supply and increase its value. On the other hand, it can also expand its supply when 1 UST overtakes 1 USD, buying back mining power with UST until the target peg is reached. TerraUSD is trustworthy as its source code has been successfully audited by third-party security firms. The protocol can also support other stablecoins, so if the community decides to do so it can create TerraEUR, TerraJPY and others. Furthermore, atomic swaps are also supported, meaning those stablecoins can be exchanged at their market exchange rate. That makes Terra stablecoins highly scalable and liquid. TerraUSD’s anchor protocol allows stablecoin holders to borrow and save, while other users can take out loans in exchange for other cryptocurrencies. It also boasts a mirror protocol for users to issue and swap synthetic assets for real-world assets, without any physical backing. Terra is working to add cross-chain functionality to TerraUSD so it can work with other blockchains like Ethereum and Binance Chain. Magic Internet Money (MIM) The Abracadabra.money protocol enables users to collateralize digital tokens, including interest-bearing tokens, and mint MIM, a stablecoin that runs on multiple blockchains, including Avalanche, Arbitrum Binance Chain, Ethereum and Fantom. MIM’s goal is to give users a way to farm yield more efficiently. It relies on a special protocol that allows users to provide collateral using interest-bearing coins, known as ibTKNS. Users can obtain ibTKNS by staking regular tokens to yield farms such as Sushi and Yearn. For doing so, they receive illiquid ibTKNs (like yvUSDC) that are essentially receipts of their deposits. These must be returned back to the yield farm to claim back the original deposit plus interest. MIM uses ibTKNS because they accumulate interest over time, thus increasing their value slowly but surely as users pay back the interest on the MIM loans they take out. This is different from other stablecoins, which are minted via deposits of liquid assets. Some examples of ibTKNS include yvYFI, yvUSDC, yvUSDT, xSUSHI and yvWETH, which can be collateralized and then injected into the system in return for newly minted MIM. MIM can then be linked to all of the above blockchains and traded. In this way, MIM enables DeFi users to transform stranded capital back into liquid assets that can be traded or used in other ways. Previously, interest-bearing tokens had no use cases. Tether (USDT) Tether is the best-known stablecoin in the crypto world but despite this, it has fewer use cases and is somewhat less trustworthy than the proven protocols we’ve covered so far. Tether was created by Tether Holdings Ltd., a Hong Kong-based company. It runs on the Omni protocol, a second layer on Bitcoin’s blockchain, and on other chains such as Ethereum and EOS. Tether Holdings claims that each USDT token issued is backed by fiat deposits in its traditional bank accounts, thereby maintaining its 1:1 peg with the USD. Tether allows its assets to be evaluated once a quarter (four times a year) by an independent auditing firm. It also publishes daily reports on its bank balances, though these are unaudited. Despite these measures, Tether was previously fined for lying to its customers that it had sufficient fiat holdings to back all USDT it had issued. Tether’s popularity stems from the fact it had first mover advantage as the first stablecoin in existence. It has also built up a strong ecosystem simply from being the first and is traded on all major cryptocurrency exchanges in the world. There is one concern regarding Tether that may dissuade some users. USDT is somewhat unique in its ability to be able to blacklist wallet addresses if it believes they are involved in fraudulent activities. While some users may appreciate Tether’s attempt to combat fraudsters and money launderers, they may be less than happy if their own USDT wallet becomes blocked for unsubstantiated reasons. Tether hasn’t publicly explained what kind of activity might lead to a wallet getting blocked, but the very fact it can block specific users goes against the ethos of decentralization that many crypto users favor. USD Coin (USDC) Similar to Tether, USD Coin is fully backed by cash and equivalents and short-duration U.S. Treasuries, according to its parent companies Circle and Coinbase. USDC, like Tether, is available on multiple blockchains including Ethereum, Solana, Stellar, TRON and Algorand. USDC is also audited on a monthly basis, more consistently than USDT. Moreover, its code is completely open-source and available to all. Notably, USDC’s backing from two of the biggest crypto/payments companies in the U.S. gives it a lot of credibility, and use cases and has, in turn, helped to accelerate adoption. For instance, USDC is already available on more than 50 crypto exchanges, including most of the biggest ones. That being said, some users may be concerned that, like Tether, USD Coin also reserves the ability to blacklist wallets that it deems to be involved in fraud or money laundering. Frax (FRAX) Frax proudly proclaims itself to be the world’s first fractional-algorithmic stablecoin, which means it uses characteristics from both the collateralized and algorithmic stablecoin models. Whereas collateralized stablecoins simply maintain deposits equal to the amount of tokens minted, algorithmic stablecoins use mathematical algorithms to maintain their peg. Typically, this is done through automated monetary policies that are used to manage coin supply, in order to alter the value of the token to match its pegged asset. Frax’s unique fractional-algorithmic model is built on two assets - the FRAX stablecoin, which is pegged to the USD at a 1:1 ratio, and Frax Shares (FXS), a governance and utility token. While FXS is used for governance, voting, and staking, its main purpose is to enable minting of FRAX stablecoins. The minting and redeeming mechanisms are the keys to FRAX maintaining its stable USD peg. Any user who supplies FXS tokens can mint FRAX, receiving a number of tokens according to whatever the Frax collateral ratio is at that time. So, if the ratio is at 50%, they can mint 1 FRAX by supplying $0.50 worth of FXS tokens. The mechanism applies the same in reverse if a user wants to redeem their FRAX for USDC or the FXS they initially supplied. What’s key is that when new FRAX are minted, the FXS tokens are burned proportionally to the uncollateralized amount. So, by minting FRAX, the circulating supply of FXS is reduced. However, there is a constant flow of FXS being minted by numerous liquidity providers in the Frax ecosystem, so the supply is actually growing continuously to exert downward price pressure. This explains why the Frax collateral ratio is constantly adjusted. Though the theory is that as adoption increases, more FRAX tokens will be minted, meaning that more FXS will be burned and removed from circulation. So if the circulating supply of FRAX increases as expected, the balanced supply and demand should create a more resilient tokenomics model that ensures price stability for FRAX.
127 days agocryptodaily
Revuto Announces First Cardano-Native Staking Pools
Image source: Revuto The blockchain-based subscription management and DeFi app Revuto has announced an array of exciting new staking opportunities for $REVU token holders on Cardano. Users will be able to stake their $REVU in no less than eight exclusive staking pools available in the Revuto Staking Center. The pools, some of which are available now, provide both a competitive yield and the opportunity to earn unique rewards in other native Cardano tokens, Revuto said. Revuto is expecting to see big demand for the opportunity. Launched in February, its first two staking pools allowed $REVU holders to stake in the VyFinance and SundaeSwap pools to earn $VYFI and $SUNDAE tokens. The pools saw such huge demand that the hard cap on both was reached within just a couple of days of their launch, well before the subscription period expired. As a result more than 24 million $REVU tokens - close to 50% of the circulating supply - have already been locked up. In addition to the staking pools, Revuto said that as a result of its partnership with Genius Yield that was announced last month, it’s offering $REVU holders the chance to participate in a unique Initial Staking Pool Offering to earn $GENS tokens. Stakers will be able to earn rewards as part of the initial distribution of $GENS at the end of the 90-day staking period, far earlier than the 6-12 month waiting period for those who stake $ADA. What’s more, those rewards will be boosted significantly, with Revuto promising much higher returns compared to regular Genius Yield ISPO rewards. Did you know $GENS ISPO rewards in the #Revuto Staking Center are almost 3X boosted in comparison with regular #ISPO rewards?!
159 days agocryptopotato
Yearn Finance (YFI) Plunges 13% on Reports of Andre Cronje Leaving Crypto
The price of YFI and other projects where Andre Cronje was involved plunged today after reports of him leaving the industry for good.
192 days agocryptodaily
PsyOptions Acquiring Tap Finance Is A Crucial Milestone For Decentralized Options Trading On Solana
The Solana blockchain is home to some interesting and exciting decentralized finance opportunities. For example, solutions like Tap Finance and PsyOptions go beyond traditional liquidity provision and yield farming. Instead, they provide exposure to cryptocurrency-related options, tapping into a significant market. What Is PsyOptions? The concept behind PsyOptions is rather interesting. The options protocol on the Solana blockchain uses physically settled contracts. Following a recent IEO on FTX and Gate.io - and subsequent listings for spot trading of $PSY - the protocol now looks to expand its footprint. The acquisition of Tap Finance and its Decentralized Options Vault (DOV) technology puts a different spin on the options trading industry. The main appeal of PsyOptions is how it provides exposure to options "the American way". However, its upcoming undercollateralized options protocol borrows elements from the European market model. PsyOptions will also serve as the main settlement layer and clearinghouse for Decentralized Options Vault when it launches on the Solana blockchain. Acquiring Tap Finance is a crucial step toward becoming the go-to on-chain financial services provider for DeFi enthusiasts globally. PsyOptions Core Contributor Tommy Johnson adds: "Our team is extremely excited to bring Tap under the PSY DAO to lead structured products. This deal isn't just great because of these incredible developers and people, we are also quickly expanding the PSY DAOs geographical footprint to increase censorship resistance and create an ecosystem with no bounds. We've created an incredible roadmap together, and have already begun executing!" More importantly, the acquisition lets PsyOptions - and PsyFinance, formerly Tap Finance - leverage options-based yield solutions by combining PsyOptions' and Tap Finance's native technology stack into one robust infrastructure. Furthermore, the team can now effortlessly spin up new vaults tied to specific crypto assets when there is sufficient user demand. Ongoing DOV Evolution The Decentralized Options Vault concept currently provides PsyOptions users with exposure to BTC, ETH, SOL, stSOL, FIDA, USDT, USDC, and PAI. Additionally, users can benefit from Covered Call and Secured put strategies, two automated options strategies generating revenue. The European architecture powering future PsyOptions' products will benefit the upcoming revamp of the Decentralized Options Vault. Version two of this product is under development and will help increase the capital efficiency of the protocol. In turn, that will provide better yield for all users leveraging the protocol's automated options strategies. Moreover, the DOV v2 will feature liquidity mining initiatives, introducing another revenue stream for users. The transition from 100% collateralized and asset-settled American-style options to undercollateralized cash-settled European-style options marks a significant milestone for the Solana DeFi ecosystem. It also highlights the versatility of this ecosystem and the products built on top of it. The acquisition of Tap Finance by PsyOptions confirms decentralized finance can cater to a more mature and institutional-level crowd. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
193 days agocryptodaily
HOKK-Finance-Launches Etherium-Aggregator
HOKK Finance’s latest product elevates the token from its meme coin competitors, confirming its place as a leadingdecentralized finance (DeFi) solutions provider. Copenhagen, December 23, 2021. HOKK Finance(HOKKFi), one of the original meme tokens that peaked at an $800M market cap in May 2021, announces its release of HOKK Premium to the public on January 31, 2022.HOKK Premium is an aggregator that enables users to place their ETH into smart contracts that relay the tokento aggregator contracts (like YFI) that then lend out the ETH to earn the user a passive income, subject to terms and conditions. The release comes hot on the heels of HOKK Finance’s announcement of its launch of a collection of utility NFTs to be released on January 10th, and governance token, $TREATS, on January 17th. The soon-to-be Dubai and Singapore-based meme token offers a collection of 4444NFTs that can be used in its financial portal, HOKKFi, a decentralized ecosystem with products and services that replicate legacy finance, but are built on a blockchain. These are just a few of the products that HOKK Finance will deliver, representing a bold and innovative step towards being a powerful meme token DeFi 2.0 player.Mark Basa, Global Brand and Business Manager at HOKKFinance, explains how HOKK Premium will heighten the potential for $HOKK token holders to have complete agency over how they send and spend their crypto. “HOKK Premium will enable us to grow alongside DeFi 2.0 juggernauts, whereby users can do more than just purchase and hold a token with their crypto. Some of these enormous DeFi platforms such as YFI have brilliant brands that reach crypto natives, whereas we want to attract people who are less familiar with crypto, which we can achieve through the brand equity we’ve built around our meme token. We’re aiming to connect our users with these established DeFi platforms, introducing our youngeraudience that resonate with our fun and creative brand, while also granting crypto natives that hold our token the opportunity to use all of their crypto in a single space, whilst implementing and preserving an equitable and proportionate access to information for every client, irrespective of their portfolio size.’’According to Basa, HOKK Finance is developing a Meme-Utility® that cultivates fun and exciting ways for users to make their ETH work for them. With ETH’s strong forecast ahead, Basa predicts a massive demand for HOKK Premium as institutions increasingly invest into Ethereum. “With HOKK Premium, we’re now ready for the next 10 years of global crypto adoption that will be led by Ethereum. To be first in the meme token market, we need to attract novice crypto users and give everything we can tocrypto natives, as well as engaging in industry leadingcompliance and adequate due diligence processes. We must, then, continue to launch products like HOKK Premium.’’ HOKK Premium enables users to select preset lockup durations and calculate their estimated monthly yield. The aggregator contracts earn yields that can be claimed periodically and converted to stablecoins to maintain theirvalue. HOKK Premium users can also view their initial ETH contribution, the annual percentage yield, the current yield, and their portion of ETH in the total pool. The launch sees HOKK Finance take a bold step into the nascent DeFi space by creating products that challenge traditional banking. DeFi refers to a system that makes financial products readily available on decentralized blockchain networks. At present, the technology is being deployed in areas such as lending, prediction markets, decentralized exchanges, derivatives trading, liquidity mining, and yield farming, amongst other uses. DeFi loans, one of the primary applications of the technology, allow users to loan cryptocurrencies to borrowers. For this to succeed borrowers must provide enough collateral to deposit in smart contracts. There are a great many advantages to this: in particular, a censorship-free domain means that no lender is given preferential treatment. Leaving aside those who are bullish on ETH, Basa believesthat HOKK Premium will only support the meme token’s overall goal of becoming the number one meme token with a wide range of utilities. “We believe that winning the hearts and minds of both early and late crypto adopters has to be done by demonstrating that this game is long-term, and that we’re prepared for it. We want to be able to say to people thinking about entering the crypto world that we’re going to do everything to win this race, through utility.’’ Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
221 day agocointelegraph
Yearn Finance risks pullback after YFI price gains 100% in less than 3 weeks
The recent bout of buying in the Yearn Finance market accompanies meager volumes, suggesting there are not enough buyers backing YFI's price rally.
221 day agocryptopotato
Market Watch: Bitcoin at $47K, DeFi-Based Tokens AAVE and UNI Spike 8%
While bitcoin is still stuck around $47,000, some DeFi tokens such as YFI, AAVE, and UNI went on a roll in the past 24 hours.
235 days agobitcoinexchangeguide
Crypto Outliers: Terra (LUNA) Amasses $16.9 Bln & Surpass BSC, Avalanche (AVAX) Aims for 1 Million Daily Transactions
While the broad crypto market is getting hammered, some coins emerge as outliers. Bitcoin and Ether are stuck in a range and are currently sitting around $46k and $4,800, respectively, while the total crypto market is at about $2.2 trillion. But this past week, Yearn Finance (YFI), Arweave (AR), Hedera (HBAR), and Spell Token (SPELL) […] The post Crypto Outliers: Terra (LUNA) Amasses .9 Bln & Surpass BSC, Avalanche (AVAX) Aims for 1 Million Daily Transactions first appeared on BitcoinExchangeGuide.
237 days agocointelegraph
YFI, HXRO and AR post gains even as Bitcoin price dips to $45.5K
Yearn.finance, Hxro and Arweave managed to post positive gains even as BTC and ETH price saw sharp pullbacks.
238 days agocointelegraph
YFI price gains 46% in just four days after Yearn Finance's $7.5M buyback
Its "decentralized" Treasury has more than $45 million and would pursue similar YFI buybacks in the future.
238 days agocryptopotato
YFI Skyrockets 30% as Yearn Finance Announces Aggressive Buy-Back Program
Veteran DeFi protocol Yearn Finance announced an aggressive buy-back program and the price of YFI skyrocketed by 30% in a day.
262 days agocryptodaily
How to Create a Leveraged Long-Position on DPI
Margin Trading, also known as Leverage Trading, is the use of borrowed capital to invest in cryptocurrency. If you want to deal with cryptocurrency, leverage trading is the way to go. It enables you to borrow capital from brokers in order to increase your purchasing capacity and offer higher profits. In simple terms, an investor or trader borrows funds to increase his exposure to a specific type of asset, project, or instrument beyond what would be possible if he relied solely on his own capital. Typically, leverage allows investors to multiply their purchasing power in the market. Leverage is applied in multiples of the trader's capital invested, such as 2x, 5x, or higher, and the broker lends this amount of money to the trader at the fixed ratio. Leverage can be used to buy (long) or sell (short) positions. It is important to note that both losses and profits will be multiplied. Leveraging In Crypto Trading Leverage is one of the most important and widely used features in cryptoasset trading. Trading with leverages became increasingly popular shortly after the establishment of centralized exchanges, despite the fact that the crypto market is volatile. The stock market gave an insight into how the crypto market could carry out leverage trading. Traders use leverage, just like in the traditional stock market, to either borrow money to increase their purchasing power or to exploit various types of financial derivatives, such as futures and options. Assume you want to invest $1,000 in Apple stock at a leverage ratio of one to ten. The margin will be 10%, which means you'll need to invest $100. If the current share price of Apple is $136, you will receive 7.35 Apple shares. It’s similar with crypto trading. In crypto margin trading, you can purchase $10,000 worth of Ethereum for $5,000. (by borrowing 50 percent or leveraging 2:1 or 2x). That is, you borrow the $5,000 you lack from a lender, whether an exchange or a lending platform, for which you may or may not pay a fee (interest on the money borrowed). This increases your potential gain (e.g., 5% returns on $10,000 of ETH instead of $5,000), but it also increases your potential loss (e.g., 5% loss on $10,000 of ETH instead of $5,000). And, if an interest fee is charged, it will accrue and be payable for the duration of your open position. On a platform like dYdX, users have the option of using isolated margin or cross margin. Isolated margin occurs when a specific amount of assets is "isolated" as part of a trade at a specific leverage. If a liquidation occurs, the losses are limited to your isolated position. Cross margin, on the other hand, uses all of the assets in your account and also considers the combined positions in your account when defining leverage and limits. The DeFi Pulse Index Leverage Trading The DeFi Pulse Index, launched in September 2020, includes the ten most popular DeFi tokens available on Ethereum: LEND, YFI, COMP, SNX, MKR, REN, KNC, LRC, BAL, and REPv2. Instead of purchasing all of these DeFi tokens and managing your own portfolio, you can simply purchase a single ERC-20 token that provides exposure to all ten tokens. The token is rebalanced on a monthly basis to reflect the current state of the market. The token can be used to hedge the market or as collateral on lending platforms like Aave or Compound, as well as yield farming protocols. Balancer is one of the most popular products on the index. They recently began offering a unique solution for traders struggling to pay high gas fees thanks to its integration with Gnosis protocol’s Cowswap. Trading ERC-20’s on Balancer’s DEX costs a fraction of transaction fees its competitors like Uniswap and Sushiswap Fuse created by Rari Capital, like Aave and Compound, is based on lending and borrowing pools where users can supply assets to earn interest while other users borrow those assets. All assets in Aave and Compound are combined into a single market and managed through governance; Fuse takes a different approach by introducing permissionless pools. Anyone can use this to set up their own isolated money markets. Because the pool is isolated, the pool creator can choose any assets, oracle, interest rate model, and so on. Risk Of Creating Position People frequently purchase leveraged tokens without fully comprehending how they work. There are a few risks you should know before you buy to avoid making a bad investment. Smart contract risk: Whenever you interact with a smart contract, there is always the risk of exploits that can jeopardize your funds. Most credible platforms conduct security audits, which are critical for getting an outside perspective on the code to ensure that everything is working as it should and that there are no edge cases, overflows, or other issues that hackers can exploit. Liquidation Risk: If you use a CDP, there is always the possibility of liquidation if the value of your collateral falls and you exceed your collateral ratio. Volatility: Volatility or the negative impact of volatility on the investment, is one of the most significant risks of leveraged tokens. A comparison is the best way to grasp this concept. Assume you want to buy Bitcoin and decide to spend $100 on it. After one day, the price has risen by 10%, and your investment is now worth $110. However, the price drops by 10% the next day, resulting in a $11 decrease. Your investment is worth $99. Tips To Maintain Position Pick carefully: As with any investment, proper due diligence should be performed before purchasing a new asset. This is especially true when purchasing on margin. Consider instruments with strong fundamentals and a track record of long-term growth. Don't follow the crowd and buy the latest hot stock or cryptocurrency. Test on a small scale: What better way to understand and succeed with margin than to start with it? Begin investing on margin to gain an understanding of the risks and costs involved, but start small. Set a target price: Always remember to set a target price and avoid becoming greedy, even if the asset has been performing well. This applies to both the winning and losing sides; however, make sure to set a limit for how much loss you are willing to accept. Holding on too long is a common trading mistake made by many investors. If you need to save yourself from extreme loss, use a DAO like Coordinape. DPI is leveraging on the future Leverages can increase profits while also increasing risks. Different financial products may provide traders with leveraged exposure in very different ways. Leveraged products, particularly in DeFi, may be powered by innovative models and new liquidity solutions not seen in traditional finance. Margin trading, when used correctly and as part of an overall risk management strategy, can be a very effective tool in your trading toolbox. DPI is the ideal index for anyone interested in leveraging DeFi. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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About yearn.finance

The live price of yearn.finance (YFI) today is 11,508.01 USD, and with the current circulating supply of yearn.finance at 36,637.72 YFI, its market capitalization stands at 421,627,414 USD. In the last 24 hours YFI price has moved -172.2 USD or -0.02% while 26,641,172 USD worth of YFI has been traded on various exchanges. The current valuation of YFI puts it at #113 in cryptocurrency rankings based on market capitalization.

Learn more about the yearn.finance blockchain network and how it works or follow the price of its native cryptocurrency YFI and the broader market with our unique COIN360 cryptocurrency heatmap.

Yearn.finance is an aggregator service for decentralized finance (DeFi) investors, using automation to allow them to maximize profits from yield farming.


yearn.finance Price11,508.01 USD
Market Rank#113
Market Cap421,627,414 USD
24h Volume21,475,168 USD
Circulating Supply36,637.72 YFI
Max Supply36,666 YFI
Yesterday's Market Cap413,899,840 USD
Yesterday's Open / Close11,469.30 USD / 11,297.10 USD
Yesterday's High / Low11,734.99 USD / 11,217.49 USD
Yesterday's Change
-0.02% ( 172.2 USD )
Yesterday's Volume26,641,172 USD
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