![]() ![]() $815 million worth of YFI is trading hands today, a three-fold increase on yesterday’s volume. The token is up over 25% on the news, seeing prices of around $28,000. Currently, YFI has a total market capitalization of about 698 million. Particularly lower than the circulating supply of 19 million BTC. Making it one of the assets with the lowest circulating supply. Indeed, a community vote from October saw an interest in restructuring the network the buyback is an acknowledgement of the community’s desires, as well as a first step toward these improvements.Īs this buyback continues, YFI is seeing massive gains. Notably, the price of YFI token is so high because there are only about 36,000 YFI in supply, but there is a high demand. This move is a push from the network to improve its tokenomics. More YFI has been bought back in the past month than in the prior year. We got 282.4 YFI (0.77% of total supply) at an average price of $26,651. Yearn has purchased $7,526,343 worth of YFI from the open market. But in a tweet yesterday, Yearn announced it had already bought back over $7 million in YFI tokens. As such, these tokens catch quite a high price, regularly trading above $20,000 apiece. YFI already has quite a low supply, with only about 37,000 tokens in circulation. The network is beginning its YFI buyback, where it is aggressively repurchased YFI from users. Yearn is a well-known player in the DeFi space, but some sudden YFI crypto news today is sending the token on a gaining spree. Rather, all users help make decisions for the network through an internal decentralized autonomous organization (DAO). YFIUSD chart Price Market Cap Today 1.02 Week 8.10 1 month 13.56 6 months 44.03 Year to date 5.25 1 year 45.31 5 years 381.35 All time 409.59 Key stats Market capitalization 176.868M USD Fully diluted market cap 196.285M USD Trading volume 24h 20.164M USD Volume / Market Cap All time high 96000.00 USD Circulating supply 33. 7-day price history of Aave YFI (AYFI) to USD 3.6). In fact, Aave YFI has underperformed against the broader crypto market, which is up by -10.40. One of the most appealing aspects of Yield is the fact that the protocol is entirely decentralized there is no Yearn headquarters, nor a team of leaders or developers claiming ownership over the network. Over the last month, the price of Aave YFI (AYFI) has gone down by -18.70 against the US Dollar (USD). The earn function is a more straightforward lending tool, with the network moving assets across different yield-generating protocols to maximize profits for lenders. The process is automatic, and it reduces the costs of transactions to the individual by splitting fees across all users in a given pool. Thanks to Bitso, over 7 million people own Bitcoin, Ether and Digital Dollars. Vault allows users to pool their assets into one place the network then generates yield on these assets by combing the market for arbitrage opportunities. Open a personal or business account and begin using the power of crypto. The Yearn network is primarily used for its vault and earn features. It also provides blockchain insurance, an increasingly popular offering. It hosts a number of different income-generating tools, such as yield farming or lending. Yearn is a suite of DeFi products based on the Ethereum (CCC: ETH-USD) chain. ![]()
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