This cryptocurrency may become more expensive than Bitcoin

This cryptocurrency may become more expensive than Bitcoin

If you want to discover all about cryptocurrencies you must read this article and find the one that may become more expensive than Bitcoin. Keep reading to find out more!

If you want to discover all about cryptocurrencies you must read this article and find the one that may become more expensive than Bitcoin. Keep reading to find out more!

Yearn Finance (YFI), has managed to surpass Bitcoin in its price per unit. With just a couple of months old, it has caused a sensation due to its meteoric rise of 2,600%.

Yearn Finance (YFI), has managed to surpass Bitcoin in its price per unit.

YFI, one of the most important assets in the Defi environment (decentralized finance), surpassed $ 52,000 thanks to the announcement that Grayscale (the company that owns the largest BTC funds on the planet) has requested permission to open a YFI fund .

Created to be just a governance token that entitles decisions about the Yearn ecosystem, YFI was launched unpretentiously by programmer Andre Cronje - he believes the token would be worthless. But the market had different plans and YFI was one of the best assets to invest in 2020.

Created to be just a governance token that entitles decisions about the Yearn ecosystem

The Yearn finance ecosystem was built directly on the Ethereum blockchain and today it serves to automatically allocate funds to investors through smart contracts, as well as allowing loans and leverage up to 1,000 times.

The DeFi platform, Yearn Finance, hosts various functions within its universe. Its flagship service is automatic yield farming that moves funds between other DeFi platforms. So, we could say that Yearn Finance is the best of all worlds. Added liquidity, leveraged trading, and automated market maker. And now for sure. Yinsure Finance offers insurance for assets placed in DeFi. It uses a vault and governance system to support the operation.

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