Yearn.finance is releasing “yETH”: here’s why Ethereum could continue gaining
Yearn.finance’s yETH vault took in $140 million in ETH over 48 hours, signalling that automated investing may be the next DeFi frontier.
Decentralised Finance has certainly raised Ether’s value which has been slightly reflected in its price. The need to own ETH to operate in DeFi and the need to own ETH to pay for network fees have all been contributing factors for sure. But what if we told you, this is not the most bullish thing?
FYETH FINANCE is a wholly owned subsidiary of the global fintech group Investment Evolution, one of the licensed non-bank financial institutions in the United States - and operates in European
Ethereum users itching for ever-higher yields are saying "yETH please" to a new Yearn Finance product that they say is a gamechanger.
Decentralized finance (DeFi) platforms are gradually taking over the blockchain space. Now, more and more people are leveraging this unique opportunity to access financial products and services in a decentralized, trustless ecosystem.
Cryptocurrency investors can look for a loan without having to sell their cryptocurrencies currency using crypto currencies as collateral these days a great way to do things like buy a house ,finance a business,or pay off high-cost debt. In addition ,there may be tax benefits when borrowing finance.
Lately, we are seeing insane GAS prices on the Ethereum Network, especially as DeFi becomes more and more popular. This makes contract interactions sometimes cost a few hundred dollars!