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A Fork of Ethereum’s Yearn.Finance (YFI) Has Surged Over 100% In 24 Hours

The Ethereum-based Yearn.finance (YFI) was forked multiple times in July and August as developers looked to replicate the original’s success. For context. YFI surged around 100,000% from its first-known price in around a week, shocking many investors and making fortunes for Ethereum users. One such fork that attempted to replicate the success of YFI was YFII. The coin started off with a bang, immediately trading above $1,000 as investors thought this was the next best thing. The coin garnered the support of many in the crypto space, including Dovey Wan of Primitive Capital and Michael “Boxmining” Gu. But as fast…

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Cake DeFi: A One-Stop Shop for Generating Yield

Cake DeFi, a platform that allows users to generate cash flow through pooled masternode staking and options lending, has created a platform with a clean user interface that allows anyone from the novice to the time-starved investor, to start earning interest on their cryptocurrency with a couple of simple clicks of a button. Cake was founded in early 2019 by Dr. Julian Hosp and U-Zyn Chua as a way to bring the benefits of passive income into the mainstream through a simple user interface. Dr. Hosp is CEO and Co-Founder and a serial entrepreneur, international blockchain expert, medical doctor, and…

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