![]() ![]() ![]() A DeFi protocol’s revenue is calculated as the yield generated on a daily basis. As of January 2, total revenue was over $1.2 million compared to revenue of less than $200,000 as of December 14. Source: Token Terminalĭata from Token Terminal suggests since mid-December, the protocol’s total revenue rose steadily. A more sustained and concentrated voting power among active DAO members would ensure streamlined decision-making. As part of the buyback, the protocol purchased over $7.5 million worth of YFI from the open market by mid-December.Īs YFI also acts as a governance token in addition to a utility token, the buyback will ensure better governance. Why is YFI making such moves? Two weeks ago Yearn.finance announced a buy-back program. Immediately after the high net flow, there was a low net flow on exchanges, with over 142 YFI tokens moved off exchanges than moving in. What is key here is that the price peaked at $43,000 (for the second half of 2021) a few weeks after this high net flow. Market participants used this as an opportunity to take profits. Over six months ago, when YFI rose by 33% to $40,000. The last time this much YFI moved onto exchanges than off it was in August 2021. At the time of writing, there are over 60 YFI moving into exchanges than moving out of it. This means that there was more YFI moving into exchanges than off it. The more important question should be, where and how quickly is YFI moving?Īccording to data from Glassnode as early as December 20, the net transfer volume of YFI rose. Coinmarketcap estimates trading volume of over $700 million in the past 24 hours. With prices on a high, trading volume is expected to be higher. This is because of a range of factors, including activity on protocol and exchanges. In the last week, while Bitcoin and ETH remained volatile shuttling in a tight range, YFI rose nearly 20%. Now, its price change is also relatively higher, but can it last? The second-largest token by price per coin at nearly $40,000 (compared to Bitcoin’s $47,000), YFI stands separate from other DeFi protocols. Starting the first week of 2022 on a high is yearn.finance’s token YFI. Two weeks ago YFI announced an aggressive buyback program.Exchange flows suggest over $2.4 million YFI is moving into exchanges than moving out.!! *Price forecasts are predicted by Deep Learning processes by technical analysis, shouldn't been used for investment decision. This means that this asset is not suited as a new addition to your portfolio as trading in bear markets, especially for less experienced traders, is always harder.ġ year Yearn.finance price prediction Yearn.finance Price prediction day by day Calendar date This means that if you invested $100 now, your current investment may be worth $63.559 on 2024 March 01, Friday. These predictions take several variables into account such as volume changes, price changes, market cycles, similar coins.įuture price of the asset is predicted at $5976.2620430265 ( -36.441% ) after a year according to our prediction system. Our site uses a custom algorithm based on Deep Learning that helps our users to decide if YFI could be a bad portfolio addition for the future. Yearn.finance has been showing a declining tendency so we believe that similar market segments were not very popular in the given period. 1 year YFI Forecast: 5976.2620430265 * About the Yearn.finance cryptocurrency forecastĪs of 2023 March 01, Wednesday current price of YFI is $9402.710 and our data indicates that the asset price has been in a downtrend for the past 1 year (or since its inception). ![]()
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