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Yearn Finance Vault Users Lock $139M: Farmers Claim Collateralized ETH Gathers 90% APY

On September 3, 2020, the well known Yearn Finance defi project “paused” the popular ethereum liquidity vault (yETH) service, after locking in a significant $139 million. Yearn’s vault feature launched on Wednesday, and saw $100 million deposited on the first day. The vault hype has also caused the Maker DAO project to make a governance call in order to allow more DAI minting. The defi project Yearn Finance has been a topical conversation within the crypto community, as last week the project’s native YFI token climbed awfully close to $40,000 per token. Today, YFI is swapping for $32,000 per token…

Continue Reading Yearn Finance Vault Users Lock $139M: Farmers Claim Collateralized ETH Gathers 90% APY

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