#Yearn finance yfi update#

Unlike previous “building in defi sucks” rage quits, this is not a knee jerk reaction to the hate received from releasing a project, but a decision that has been coming for a while now. View several financial metrics and valuation multiples for yearn.finance (YFI) and compare them against those of other blockchains and decentralised.

As to whether or not Cronje plans to return, Anton Nell’s thread indicates otherwise:.

FTM is also down about 13% in the past 24 hours.

The news was met with an instant nuke in YFI’s price, which lost about 13% immediately and plunged to just above $17K from almost $20,000.

People burying YFI, you do realize Andre hasn’t worked on it for over a year? And even if he did, there are 50 full-time people and 140 part-time contributors to back things up.

Commenting on the matter was also YFI’s Banteg, who said:.

However, Cronje is the one who came up with the protocol in the first place, and it was an iconic move back at the beginning of DeFi Summer in 2020.

It’s worth noting that this doesn’t mean that Yearn Finance will stop working in any shape or form.One of the said services is YearnFi – a front-end interface for Yearn Finance (YFI) that Cronje had been working on.There are around 25 apps and services that we are terminating on 03 April 2022. The current CoinMarketCap ranking is 98, with a live market cap of 377,968,093 USD.

yearn.finance is up 6.22 in the last 24 hours.

#Yearn finance yfi update#

We update our YFI to USD price in real-time. In a Twitter thread on March 6th, 2022, Anton Nell – senior solutions architect at the Fantom Foundation – announced that Andre Cronje and him will quit contributing to the crypto space.Īndre and I have ecided that we are closing the chapter of contributing to the defi/crypto space. The live yearn.finance price today is 10,316.36 USD with a 24-hour trading volume of 172,191,320 USD.Andre Cronje, perhaps best-known for his work on Fantom and Yearn Finance, alongside Anton Nell – senior solutions architect at the Fantom Foundation – will reportedly be leaving the cryptocurrency space. yearn.finance is a decentralized yield aggregator that makes use of other decentralized finance services like Compound, Curve, Aave and others to optimize.