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Cryptocurrency Ecosystem => DeFi tokens => Topic started by: Hometown on March 20, 2021, 02:34:31 AM

Title: What’s YFI’s role in DeFi tokens’ resurgence?
Post by: Hometown on March 20, 2021, 02:34:31 AM

YFI at the time of writing, was trading around the $36,228-level, according to CoinMarketCap. While the aforementioned price level was 20% away from its ATH, the token was observed to be rallying to close the gap. In fact, with YFI hiking by just under 10% over the last 24 hours, there’s renewed optimism among many in the community that the DeFi token will hit a new ATH soon enough.

It’s worth noting, however, that the TVL in yearn.finance remains way off the levels seen in August-September 2020. Therefore, the target for the near-term would be a TVL value of $350 million.read (https://ambcrypto.com/whats-yfis-role-in-defi-tokens-resurgence/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)