{"id":436772,"date":"2020-08-31T11:10:52","date_gmt":"2020-08-31T11:10:52","guid":{"rendered":"https:\/\/wncen.com\/?p=436772"},"modified":"2024-06-11T14:15:46","modified_gmt":"2024-06-11T14:15:46","slug":"yearn-finance-launches-ethereum-vaults-heres-why-its-bullish-for-eth","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/yearn-finance-launches-ethereum-vaults-heres-why-its-bullish-for-eth\/","title":{"rendered":"Yearn Finance Launches Ethereum Vaults; Here’s Why Its Bullish for ETH"},"content":{"rendered":"
Yearn Finance is now allowing people to stake their Ethereum holdings to earn higher yields via its new product yETH.<\/p>\n
The vault, which went live on Monday following a community vote, expects to attract a large amount of ETH tokens, with many observers noting that the migration would leave the Ethereum market with a supply-side liquidity shock. They are already counting on a bullish response from the ETH traders based on supply-demand economics.<\/p>\n
\n$ETH<\/a> leveraged in #DeFi<\/a> has passed 5,000,000 or ~4.50% of total circulating supply.<\/p>\n
It's quite clear there's a supply-side liquidity crisis forming here. yETH and Phase 0 will compound this. pic.twitter.com\/2qlQwRLjMu<\/a><\/p>\n
— zkNick.eth \ud83e\udd87\ud83d\udd0a (@0xEther) August 28, 2020<\/a><\/p><\/blockquote>\n