Yearn Finance Launches Ethereum Vaults; Here’s Why Its Bullish for ETH

[Lenipiw]

Yearn Finance is now allowing people to stake their Ethereum holdings to earn higher yields via its new product yETH.

The vault, which went live on Monday following a community vote, expects to attract a large amount of ETH tokens, with many observers noting that the migration would leave the Ethereum market with a supply-side liquidity shock. They are already counting on a bullish response from the ETH traders based on supply-demand economics.
Visit here: https://www.newsbtc.com/2020/08/31/yearn-finance-launches-ethereum-vaults-heres-why-its-bullish-for-eth/