{"id":450290,"date":"2020-11-19T11:50:08","date_gmt":"2020-11-19T11:50:08","guid":{"rendered":"https:\/\/www.shenyangcang.com\/?p=450290"},"modified":"2020-11-19T11:52:34","modified_gmt":"2020-11-19T11:52:34","slug":"yearn-finance-yfi-pushes-past-27k-after-makerdao-integration","status":"publish","type":"post","link":"https:\/\/www.shenyangcang.com\/news\/yearnfinance\/yearn-finance-yfi-pushes-past-27k-after-makerdao-integration\/","title":{"rendered":"Yearn Finance (YFI) Pushes Past $27K after MakerDAO Integration"},"content":{"rendered":"

Yearn Finance’s governance token YFI surged Thursday<\/a> as traders assessed its acceptance at MakerDao as a collateral asset.<\/p>\n

The YFI\/USD exchange rate ascended 6.62 percent to $27,193, a multi-week high that appeared as a part of an explosive bull run in which it has jumped close to 300 percent in two weeks. The pair peaked<\/a> in September 2020 to $44,026 before undergoing a stupefying crash to $7,015, a bottom established in early November 2020.<\/p>\n

\"YFI,<\/a><\/p>\n

Yearn Finance logs a bullish reversal after crashing 78 percent. Source: YFIUSD on TradingView.com<\/a><\/pre>\n
This time, the YFI token could form a steady bull run, according to many independent analysts<\/a> on Twitter. Their bullish bias came out of Yearn Finance’s growth as a decentralized asset management platform, primarily after it started making beneficial updates to its protocol via democratic means.<\/p>\n
Bullish Upgrades<\/h2>\n
The platform passed four key YIP proposals this week, a backronym for “Yield Improvement Proposal.” Their effective integration into the Yearn Finance protocol enabled new fee structures, YFI-enabled reward distributions, quarterly financial audits, and operations funding.<\/p>\n
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The recent parade of $YFI<\/a> yearn improvement protocols (YIPs) are highly underrated in terms of what they do for the future of @iearnfinance<\/a>. I am extremely more bullish than I was when I first purchased $YFI<\/a>. Why? <\/p>\n
A thread:<\/p>\n
— Prince J (Lantern) (@prince_lantern) November 15, 2020<\/a><\/p><\/blockquote>\n