{"id":450971,"date":"2020-11-27T11:57:18","date_gmt":"2020-11-27T11:57:18","guid":{"rendered":"https:\/\/www.wncen.com\/?p=450971"},"modified":"2020-11-27T11:57:18","modified_gmt":"2020-11-27T11:57:18","slug":"yearn-finance-yfi-climbs-16-despite-crypto-bloodbath-elsewhere","status":"publish","type":"post","link":"https:\/\/www.wncen.com\/news\/yearnfinance\/yearn-finance-yfi-climbs-16-despite-crypto-bloodbath-elsewhere\/","title":{"rendered":"Yearn Finance (YFI) Climbs 16% Despite Crypto Bloodbath Elsewhere"},"content":{"rendered":"
Yearn Finance’s YFI rose by up to 16 percent<\/a> in just two days of trading, even though its peers across the cryptocurrency market bled.<\/p>\n The decentralized finance token formed an intraday high at $25,858 in the early trading session in London. At its weekly low, the YFI\/USD exchange rate was as low as $17,605, according to data fetched from the Binance crypto exchange.<\/p>\n The pair showed signs of recovering after Yearn Finance announced its merger with Pickle Finance<\/a>, marking a one-of-its-kind partnership between two decentralized finance projects. Pickle Finance is a yield-farming project that strives to maintain stablecoins’ pegs.<\/p>\n Two days after the merger, Yearn Finance announced a similar partnership with Cream<\/a>, a decentralized lending protocol running atop the Ethereum blockchain. A day later \u2014 on Friday \u2014 rumors began circulating that the Yearn Finance founder Andre Cronje is also looking to merge (or acquire?) decentralized exchange SushiSwap.<\/p>\n The DEX’s native token SUSHI jumped 17 percent on the news.<\/p>\n Andre Cronje is staking over $800k worth of $SUSHI<\/a><\/p>\n If I had to guess, SUSHI will be the next $YFI<\/a> merger \ud83d\udc40 https:\/\/t.co\/iFcfP0v4kU<\/a> pic.twitter.com\/nuNq2XFdy0<\/a><\/p>\n — LilMoonLambo (@LilMoonLambo) November 27, 2020<\/a><\/p><\/blockquote>\nMerger(s)<\/h2>\n
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