Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: MrSpasybo on November 26, 2020, 02:29:18 PM
-
Two days after Yearn Finance (YFI) and Pickle Finance joined forces in DeFi’s first effective merger, Yearn founder Andre Cronje published details of another upcoming integration with Cream, a lending protocol similar to Compound and Aave.
The blog post, published on Thursday, outlines how the two protocols will cooperate for the launch of Cream V2. As part of the partnership, the teams will merge development resources and introduce several symbiotic interactions between the two protocols.
Yearn users will be able to put their vault tokens — their share in a yield farming strategy fund — as collateral to borrow on Cream. Furthermore, the farming strategies will be able to access leverage on the platform, potentially increasing their yield.
Article: Yearn Finance announces another ‘merger’ with the Cream lending protocol (https://cointelegraph.com/news/yearn-finance-announces-another-merger-with-the-cream-lending-protocol)
What do you think about this YFI big strategy? They are the biggest force in the liquid DeFi world and are continuing to grow even more when acquiring other projects. I think they're intending to become a fully functional DeFi ecosystem: investing, lending, staking, locking, even raising funds.
Will this bring the price of the YFI token back to the ATH $45K?
-
It looks like the YFI strategy will bring big changes, and strive to become DeFi as a center for financial investment.
-
YFI (yearns finance) price will not again the highest maximum ATH 42000 before the year-end 2020. But it is Said that running market may be the top highest market before 2021.
-
I wait what YFFII will show because they follow YFI strategy :)
Both have 30 000 max supply but YFFII is x4000 times cheaper , their stake system works great, 100% APY
https://yffii.medium.com/yffii-1-report-25-11-2020-fe1ac808260a
-
Gave a good information about YFI. Hopefully financial services will make it easier. It would be much better to invest. Will help overcome financial crises. YFI is one of the best decentralized tokens. Hope to have in the future. But DeFi is not its own blockchain.
-
It looks like YFI's merger with other projects is paying off. It is very important and convenient to have a set of possible financial services in one project. DeFi projects like these will be more popular than others. I drew attention to the fact that despite the recent collapse of prices in the cryptocurrency market, the YFI token retains its previous positions. Now its price is $ 24,105 with a capitalization of $ 722 million. In any case, investors are in no hurry to sell this token right now.