DeFi Altcoin on Ethereum Rallies 50% in Just Two Days, Outpacing Sideways Crypto Markets.
18 Dec 2021, 08:00
DeFi Altcoin on Ethereum Rallies 50% in Just Two Days, Outpacing Sideways Crypto Markets
One altcoin that helps holders earn yields is seeing its own value soar even as the broader crypto markets try to shake off a recent slump.
Decentralized finance (DeFi) protocol Yearn.Finance (YFI) offers lending and trading services so users can optimize their crypto asset earnings.
The YFI token’s price jumped by 50% virtually overnight after word spread that Yearn had gone on a major shopping spree buying back its own token.
Yearn says in a tweet to its 159,200 followers,