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Yearn.finance Reviews: SCAM or LEGIT?

onlyprofits

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Do you want to know the reasons why YFI reached $ 18,000?

On August 19, I posted a thread about a coin that was priced slightly higher than BTC.
This is the thread link: https://www.beermoneyforum.com/thre...at-its-price-now-resembles-that-of-btc.95395/
To the surprise of many of us, who thought that coin was a trap, YFI keeps giving what to talk about, it has just reached new highs, reaching $ 18,169.
Among the possible causes of its rise would be the following:
1.- On August 28, the Aave Monetary Market Protocol (LEND) included YFI on its list.
With 1,520 million dollars in total insured, Aave is the largest DEFI protocol on the market.
2.- There are collaboration plans between the developer of yearn.finance, Andre Cronje and the CEO of FTX.
FTX is a very important exchange in the cryptocurrency derivatives market, it acquired Blockfolio and supported the launch of a decentralized exchange (DEX) called Serum.
3.- Yearn.finance has launched several products on the market, from vaults to decentralized insurance. Announced the launch of yinsure.finance, it has the distinction of being one of the first tokenized DeFi insurance services.
Apparently this coin was not a trap and the market was reacting to the plans and actions taken by Yearn.finance, we will see what are the new ceilings of this coin that has been very active in the DEX and DEFI world.
 
Earlier on, I was reading that YFI coin as at today was priced at over $27k and that is seriously amazing. It seems the coin is gonna keep going contrary to popular opinions.
It came to be at $ 38,000. This tokens has surprised locals and strangers, as many expected it to deflate around $ 14,000 to $ 15,000.
 
It came to be at $ 38,000. This tokens has surprised locals and strangers, as many expected it to deflate around $ 14,000 to $ 15,000.
$38,000? Wow! I just didn't expect that. At this rate of surge in price, we may be looking at $50,000 or more in just a couple of weeks. I am sure going to follow up this coin. It's awesome.
 
$38,000? Wow! I just didn't expect that. At this rate of surge in price, we may be looking at $50,000 or more in just a couple of weeks. I am sure going to follow up this coin. It's awesome.
Just follow it, but don't even think about investing in YFI, it's very inflated. You have to wait for all this bloodbath in cryptocurrencies to pass to decide in which currency you are going to invest.
 
Just follow it, but don't even think about investing in YFI, it's very inflated. You have to wait for all this bloodbath in cryptocurrencies to pass to decide in which currency you are going to invest.
yeah, I've seen lots of coins that have really high value prices at the start but after quite a while they just plummet down and most people just forgets about those coins
 
Just follow it, but don't even think about investing in YFI, it's very inflated. You have to wait for all this bloodbath in cryptocurrencies to pass to decide in which currency you are going to invest.
Not for investment at all. I just really want to know how far the coin will go and possibly how long it will last. A lot of people must be curious about that too.
 
I see potential in the coin been that it a Binance coin but it may be dangerous Investing in it now because it may fall after a while since it has a speedy rise recently.
 
yeah, I've seen lots of coins that have really high value prices at the start but after quite a while they just plummet down and most people just forgets about those coins
There is a great truth and it is that the coin has surprised many. The developer and Yearn.finance have been working hard and diversifying activities in the field of DEFI. Perhaps also the fact of being a DEFI has helped it to increase in price.

Not for investment at all. I just really want to know how far the coin will go and possibly how long it will last. A lot of people must be curious about that too.
100% de acuerdo contigo, tengo mucha curiosidad, pero para que tengas una mejor idea del proyecto te recomienda que sigas a Yearn.finance y veas los proyectos que han ejecutado, ya han lanzado YFII

I see potential in the coin been that it a Binance coin but it may be dangerous Investing in it now because it may fall after a while since it has a speedy rise recently.
It reached a price similar to that of the highest priced coin, 42-coin. Right now, a bubble is forming around DEFIs, similar to the era of .com.
 
I have not take time to study this coin but honestly it has higher potential, I just added it to my trust wallet coins and it had 22% rise in the last 24 hours currently has a value of about $28,000.
 
I have not take time to study this coin but honestly it has higher potential, I just added it to my trust wallet coins and it had 22% rise in the last 24 hours currently has a value of about $28,000.
At the beginning, very few gave something for this project, even many traders who are youtubers warned that it could be a booby trap, but until now it has turned out to be the opposite
 
This is business, the people that took the risk and invested in the token then are now millionaires because of the huge rise in the coin. What supprises me is that despite it has higher value than bitcoin it is not much known.
 
You guys should forget the increase, the Yfi will deflate to around $15000 like already speculated
Not to dispute your assertion, but it doesn't seem to be that way yet. But again,it is a Cryptocurrency, so anything can happen in a short space of time.
 
At this point I don't think it will deflate, what many thought was a bubble, turned out to be a spaceship, hahaha. Apparently it is a project that is becoming more established every day.
 
At this point I don't think it will deflate, what many thought was a bubble, turned out to be a spaceship, hahaha. Apparently it is a project that is becoming more established every day.
If you check amongst most coins YFI and BNB are doing very if the percentage rise daily which signify a rise in their trade volume and market capitalization.
 
If you check amongst most coins YFI and BNB are doing very if the percentage rise daily which signify a rise in their trade volume and market capitalization.
That means that there is an increase in the confidence of YFI, on the other hand BNB with the fact of being Binance's currency already has enough support
 
One of the reason you missed is its total supply.
I understand that you meant to say that it is a cryptocurrency that all its units have already been mined and that is one of the reasons why it has risen in price. But the most important causes is that Yearn.finance has been developing projects that investors have liked a lot.
 

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