About yearn.finance

Story Highlights The Yearn.Finance (YFI) price has been forming a macro reversal pattern after being trapped in a multi-year falling trend. Several prediction models forecast YFI price to retest its all-time high of around $100k by 2030.

Yearn Finance founder Andre Cronje said he left the crypto space due to intense scrutiny and inquiries from the U.S. Securities and Exchange Commission. New SEC Approach Prompts Cronje to Speak Out Andre Cronje, the founder of the decentralized finance (defi) platform Yearn Finance (YFI), said inquiries from the U.S.

The crypto market adopted a bearish outlook following the recent economic figures. Early today, the United States Bureau of Labor Statistics revealed that the yearly inflation jumped to 2.4% and up 0.2% in September, surpassing market expectations.

With a new bull run in the crypto market, the YFI token price is on a bullish recovery run. Following the massive correction, the rise in trend momentum teases a rounding reversal in Yearn.Finance token. Further, the broader DeFi segment recovery increases the chances for Yearn. Finance's comeback.

The recent dYdX v3 incident, involving significant price movements of SUSHI and YFI tokens, has raised crypto community concerns. The attacker deposited $5.3 million, took leveraged positions, and caused liquidation events.

Decentralized exchange dYdX has published a post-mortem report, detailing a recent exploit on its v3 platform.