Topic: Remember yearn finance (YFI)?? (Read 443 times)
YFI Coin really makes a great impact in the last Bull Run, hopefully next bull run going to make a better move.
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Generally i was checking altcoins chart on coingecko for trading purpose and i found yearn finance founded by Andre Cronje! This token was able to hit $43k milestone from $31 within just two months from launch. It might be a simple thing in crypto world but i'm remembering it because of it drew attention when it hit $90,786.89 ATH on May 12, 2021 which is bigger than bitcoin price. I'm not comparing it with btc but this is the coin which cross bitcoin price lol.
What do you think about this altcoin? Will it be worth in upcoming years?
Yes it surpassed Bitcoin's price, but did you look on how many supply the coin has?What do you think about this altcoin? Will it be worth in upcoming years?
I think it's around 30,000 coins only (more or less), and I don't know if it's just me, but lower supply means higher chance of getting the price manipulated. TBH it happened already when like you said OP it went from a 2 digit price to 5 digit price in just a span of 2 months. Even Bitcoin itself can't do that, and this YFI coin did this. Manipulation at it's highest it is.
I really thought that this project is dead already, or at least got abandoned since we hadn't heard anything about it. Anyway, this will just be one of the coins that the price will just surge in the bull run, but it will not surpassed it's previous ATH. I remember this coin, but will not touch it at all.
The fact that they pumped that much before, I’m sure it can happen again in an instant.
There’s so much manipulation with this project, the risk are high too but if you are optimistic about this project and have some holdings, then maybe its worth to hold until the next bull run. The market is rising again, and its a good time to look back at the projects that we are dealing before because they might also start to pump, its time to revisit our holdings again.
YFI is highly risky coin as there is fluctuations in its price after every 2-5 minutes. We have seen that yearn finance crossed bitcoin in price. And for now I would never suggest anyone to buy yfi because there are high chances of loss associated to it. There’s so much manipulation with this project, the risk are high too but if you are optimistic about this project and have some holdings, then maybe its worth to hold until the next bull run. The market is rising again, and its a good time to look back at the projects that we are dealing before because they might also start to pump, its time to revisit our holdings again.
I feel that something is wrong, that if I'm invest on it my money will just disappear or I won't get anything in return lol. Apart from it, I also received some airdrop tokens which has a similar name but it was only a small portion so the value isn't big enough. I didn't interact on them of course because they are likely a scam.
Yearn finance isn't anything special these days. For anyone stumbling up on this thread you should really check out beefy.finance. It's a yearn fork but on like 20 blockchains, implementing infinitely better strategies and overall awesome, featuring any coin you can imagine too.
Actually Yearn become so quiet after its founder become inactive for months. But Ive seen its founder focus on fantom blockchain and improvement. Maybe he is just on lie low mode and when everything goes back to normal he will push on more development on Yearn. Its a famous one before during bull run and a lot of people gain and loss money with this token due to verye expensive price. 
Yearn finance isn't anything special these days. For anyone stumbling up on this thread you should really check out beefy.finance. It's a yearn fork but on like 20 blockchains, implementing infinitely better strategies and overall awesome, featuring any coin you can imagine too.
For now, the hype is completely gone. And maybe people aren't even as fixated as they used to be. We know how hyped YFI was during its heyday, even more than Bitcoin. YFI devotees are very enthusiastic and believe that YFI is the next Bitcoin or even replacing Bitcoin. this is what happened. Whatever the condition right now, in fact YFI is currently very down, in fact much worse than we imagined. So, I'm not sure whether this will skyrocket again or not if we look at the statistics. This would be very difficult to happen again. Yes, this is how most hype products are. Likewise, with various products that are almost the same or even similar, they cannot take advantage of it. 
Yearn finance isn't anything special these days. For anyone stumbling up on this thread you should really check out beefy.finance. It's a yearn fork but on like 20 blockchains, implementing infinitely better strategies and overall awesome, featuring any coin you can imagine too.
Generally i was checking altcoins chart on coingecko for trading purpose and i found yearn finance founded by Andre Cronje! This token was able to hit $43k milestone from $31 within just two months from launch. It might be a simple thing in crypto world but i'm remembering it because of it drew attention when it hit $90,786.89 ATH on May 12, 2021 which is bigger than bitcoin price. I'm not comparing it with btc but this is the coin which cross bitcoin price lol.
What do you think about this altcoin? Will it be worth in upcoming years?
I almost forgot about this coin if I didn't read this thread. It cannot be denied that at that time YFI was really on the rise and seemed to shock us all because it could surpass the price of Bitcoin, even in just a few days the price had skyrocketed very high. However, in terms of market cap, it is far behind Bitcoin and cannot be compared. However, in terms of price, it was really, really extraordinary. What do you think about this altcoin? Will it be worth in upcoming years?
The question is that currently the price is also dropping a lot, even dropping much more than Bitcoin. Because of this, I was afraid to enter YFI because the prices were unreasonable at that time. Moreover, this coin is not as valuable as Bitcoin, so it is better to avoid this coin. whether in the future YFI can rise again or not, it still might have a chance to rise, but to reach the previous ATH, I'm not really sure about this.
Yes, of course, I do remember Yearn Finance for its very impressive run many monsoons ago...when it even reached higher than the price of Bitcoin but right now the ongoing price is on the $5K level so there is a big gap between the present and the past. Would it be a good addition to one's portfolio...or better yet does it have a strong potential to also carry its torch in 20224 in case there can be a bull run? I am not so sure about that as the hypes and excitement must have left YFI a long time ago though I am not wishing any ill towards this platform as I don't want its coin holders to get hurt in case it can slip further in value.
If you don't know where to invest, I suggest you try to participate in Fairspin tournament, play their games or bet on TFS - it's a great chance to win extra money. Invest the money you win in any coin you are afraid to invest your own money in
YFI was often trending on Twitter when the price could reach more than $82k last May, although the price dropped by more than 50% but I'm optimistic that YFI will shine again, this is because of the large transaction volume of more than $400 million.
The fact that they pumped that much before, I’m sure it can happen again in an instant.There’s so much manipulation with this project, the risk are high too but if you are optimistic about this project and have some holdings, then maybe its worth to hold until the next bull run. The market is rising again, and its a good time to look back at the projects that we are dealing before because they might also start to pump, its time to revisit our holdings again.
YFI is highly risky coin as there is fluctuations in its price after every 2-5 minutes. We have seen that yearn finance crossed bitcoin in price. And for now I would never suggest anyone to buy yfi because there are high chances of loss associated to it.
I recall when this token started to appear in crypto news because of how it's price was bigger than Bitcoin's and how the demand for this project was a clear signal of the future of Defi.
However, I must say I am not particulary interested in this token, because I am not into Decentralized finances and not within that specific Blockchain.
Also, it is worth mentioning that if you check out the comments people leave within the feedback section of Coinmarketcap for this token, one will find comments suggesting that the developers of this token have ceased development and it has become an abandoned project (which continues to function).
I am not sure how true those comments were or whether it was just a cheap attempt of FUD, though. Always do your own research when comes to buying altcoins and tokens.
However, I must say I am not particulary interested in this token, because I am not into Decentralized finances and not within that specific Blockchain.
Also, it is worth mentioning that if you check out the comments people leave within the feedback section of Coinmarketcap for this token, one will find comments suggesting that the developers of this token have ceased development and it has become an abandoned project (which continues to function).
I am not sure how true those comments were or whether it was just a cheap attempt of FUD, though. Always do your own research when comes to buying altcoins and tokens.
YFI was often trending on Twitter when the price could reach more than $82k last May, although the price dropped by more than 50% but I'm optimistic that YFI will shine again, this is because of the large transaction volume of more than $400 million.
The fact that they pumped that much before, I’m sure it can happen again in an instant.There’s so much manipulation with this project, the risk are high too but if you are optimistic about this project and have some holdings, then maybe its worth to hold until the next bull run. The market is rising again, and its a good time to look back at the projects that we are dealing before because they might also start to pump, its time to revisit our holdings again.
https://thedefiant.io/yearn-overhauls-yfi-tokenomics
Yearn Overhauls YFI Tokenomics
"OG Yield Aggregator Introduces Locking Mechanism, Will Use YFI Accumulated Via Buybacks To Fund New Rewards Program
Yearn Finance, DeFi’s oldest yield aggregator, has revamped its tokenomics to embrace a Vote Escrow mechanism.
YFI stakers can convert their assets into non-transferable veYFI tokens by locking up their funds for between one week and ten years. Stakers receive dYFI tokens and voting power in exchange, allowing them to vote on which pools will receive the largest allocation of dYFI rewards."
Yearn Overhauls YFI Tokenomics
"OG Yield Aggregator Introduces Locking Mechanism, Will Use YFI Accumulated Via Buybacks To Fund New Rewards Program
Yearn Finance, DeFi’s oldest yield aggregator, has revamped its tokenomics to embrace a Vote Escrow mechanism.
YFI stakers can convert their assets into non-transferable veYFI tokens by locking up their funds for between one week and ten years. Stakers receive dYFI tokens and voting power in exchange, allowing them to vote on which pools will receive the largest allocation of dYFI rewards."
The truth is that I saw when it was at a much higher price than BTC at one point, but I still didn't understand why this currency was so high, in fact it is still very high, these are the type of projects that I would like to enter, but how to do it? What criteria to take would be the ones indicated to see this type of coins.
At the moment the coin is still above $20k, I think they have very good support because despite the fact that BTC has dropped in price, this coin has remained at a good price.
At the moment the coin is still above $20k, I think they have very good support because despite the fact that BTC has dropped in price, this coin has remained at a good price.
Generally i was checking altcoins chart on coingecko for trading purpose and i found yearn finance founded by Andre Cronje! This token was able to hit $43k milestone from $31 within just two months from launch. It might be a simple thing in crypto world but i'm remembering it because of it drew attention when it hit $90,786.89 ATH on May 12, 2021 which is bigger than bitcoin price. I'm not comparing it with btc but this is the coin which cross bitcoin price lol.
What do you think about this altcoin? Will it be worth in upcoming years?
What do you think about this altcoin? Will it be worth in upcoming years?
Yeah, I remember that token. Followed it for a while because it got more expensive than bitcoin itself and was on a high. Everything Andre Cronje releases has always grown quickly, but the YFI token stands out in particular. As I recall, this was in the DeFi hype wave of 2020, when there was a boom in such tokens. The 2021 bullrun saw this token upgrade its ATH, but not for long and also dropped in value quickly. It feels like this token is being used for speculation and its real price is much lower.
But now Andre Cronje has left the industry and the token continues to lose value. I don't think he will ever reach his ATH at the $83,000 mark.
I can remember this decentralized finance (DeFi) Yearn Finance. this governance token also attracted me that time but i didn’t join it after seeing such price. It thought YFI as another hype token on that time. now it dump as usually by following btc rally but still on the way for gaining new level where other coin already come with better concept. according to my analysis, its possible for yfi, not to be worth, but it can continue its existance somehow.
DeFi seems not on the hype right now so we can't expect if any related project will have the same hype as before.
As far as investments are concerned, I can't really suggest putting money on it but the final decision will be yours. Maximized and enhanced your DYOR. Try lurking at each of their community group and try to check the pulse of the speculators there.
YFI was often trending on Twitter when the price could reach more than $82k last May, although the price dropped by more than 50% but I'm optimistic that YFI will shine again, this is because of the large transaction volume of more than $400 million.
What do you think about this altcoin?
So far so good, so many people are still believing in this project. YFI is still become the best defi after aave and the price is very stable right now despite the bitcoin dump that affects the whole of market. I can't say a lot about where this coin will be going on right now as it depends on bitcoin. Will it be worth in upcoming years?
It will be worth in the upcoming years. The adoption rate of crypto is growing a lot from time to the another time, you can expect this platform will have so many new users in the future. This will be growing even more and im not feeling doubt about that. So many people have not yet realized that defi was offering the best service to connect with decentralized finance system that offers better outcame rather than what already offered by traditional system called bank. 
YFI isnt dead Is still going on and people are profiting from it I think whats going is there way too many alternative for making more profit that people have look elsewhere but whale do actually find it useful and somehow they do use it here and there and lets not forget andre cronje can bring another innovation out of the blue and people will definitely fly there in bunch again
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