The native governance token YAX is intended to have no value.

This DAO would be the advisor for using ‘robo-advisors,’ and would vote for the best yield while pooling gas fees. “At its core, yAxis is an experiment in DAO-directed yield farming where YAX holders vote regularly on which yVault/aggregator strategy to implement for user funds. The protocol’s decentralized autonomous organization (DAO) is responsible for determining the best yields while accounting for several factors including vault withdrawal fees, market sentiment, as well as price and slippage fees when converting from one underlying asset to another.

YAxis is a meta yield aggregator, designed to help passive investors generate maximum returns from the DeFi ecosystem with little effort. YAX highest likely comp to what YFI ecosystem looks like. New user interface on standby and we’re donating another 5,000 YAX to next epoch of YAX-ETH LP to bolster plans of yaxis_project and transferAndCall. The FOMO surrounding YFI might just ruin that perfect set up to short to a previous all-time high.Īs with all analyses of DeFi tokens such as Yearn Finance, traders and investors are requested to use adequate stop losses and low leverage when trading YFI on the various derivatives platforms.“yAxis is easy 2x to 4y from here. However, traders and investors considering longing Yearn Finance at its current levels should do so knowing they stand to lose their capital should YFI correct hard. Given the popularity of DeFi in the past 3 months, Mr. The impressive momentum of Yearn Finance has resulted in the Co-Founder and CEO of Bitmex, Arthur Hayes, predicting that YFI can go as high as $100,000.įurther checking the charts, Yearn Finance is clearly in a parabolic move and there is no telling where the exact top will be. This is after it posted two previous peak values of $27,154 and $32,843 within the same 24-hour time period. Yearn Finance (YFI) has once again posted an all-time high value of $39,000 – Poloniex rate.

Short term support zones can be found at previous all-time highs: $27,000, $23,400, $19,400.

Yearn Finance’s price is above all the moving averages: 50 MA, 100 MA and 200 MA.

Yearn Finance (YFI) is a group of protocols running on the Ethereum.

The 4-hour MFI is high at 100.52 further hinting towards a pullback Get the latest YFI market cap, charts, trading volume, and the latest news.

4-hour MACD is overextended pointing towards the possibility of a pullback or sideways.

YFI’s value currently stands at $33,100 signifying a 3,455% increment in value in roughly a month.

When listed, YFI opened trading at $931 on Poloniex.

YFI’s data on Poloniex goes back to as far as 21st July providing the first warning sign that YFI is very new.

Poloniex seems to be the only crypto-exchange with a long enough price history of Yearn Finance (YFI).

To get a feel of what the future holds for Yearn Finance (YFI), the 4-hour YFI/USDT chart will be used.įrom the 4-hour chart, the following can be observed. For the better part of August, LINK’s price kept traders and investors on their feet wondering if it was time to take profits or start shorting the digital asset. Yearn Finance (YFI) has taken ChainLink’s place in the crypto-verse in the sense that finding a local top has become a guessing game. How Far Can the Price of Yearn Finance Go?

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