YFI

Decentralized finance is one of the best financial disruptions of the 21st century. The nascent sector has attracted millions of investors, with the total value locked in the platforms at $41 billion. Moreover, it is one of the biggest beneficiaries of the recent Bitcoin and Ethereum price surges.  Yield farming is a lucrative passive income-earning opportunity with more developments within the DeFi space. Consequently, both old and new platforms explore ways to boost their protocols and keep the investors' interest…

Less than 24 hours after news broke, that decentralized finance (DeFi) platform Yearn Finance (YFI) had partnered with Cream Finance protocol. It has announced a new merger with DeFi protocol Cover. In a blog post published on Nov 28. Yearn founder Andre Cronje revealed the merger between the two DeFi protocols. He further stated that the merger was a natural one since Yearn developers worked with Cover protocol developers since its inception. Cover will provide backstop coverage for Yearn DeFi…

The decentralized finance (DeFi) sector expands at lightning speed and becomes ever more relevant in the new digital economy. However, as it evolves, some of its initial purposes lose contour and relevancy. One of these now-fading goals is offering broad access to anyone who wants to trade, invest, or deposit assets outside the traditional financial system. This evolution is not user-inflicted in any way. The mechanisms that power the DeFi ecosystem increase in complexity, making the market less approachable for…