yEarn Finance Token Surges Above $6,000 amid Listing on Binance
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10 August
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The price of YFI, a token issued by Yearn.Finance, has surged above the $6,000 mark after cryptocurrency exchange Binance announced listing of the asset, iHodl Russia has learned.

At press time, yearn.finance is trading at $5785 (+36,44%).

In total, the yearn.finance token has risen in price by almost 100% within a week.

The latest jump in price was preceded by Binance's announcement of the listing for yearn.finance. The token will become available for trading in YFI/BNB, YFI/BTC, YFI/BUSD and YFI/USDT pairs.

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Binance also announced the launch of a 125x leverage BTC/USD perpetual contract where bitcoin (EXANTE: Bitcoin) will be used as collateral. The asset will be added to the Binance Futures platform tomorrow at 10:00 AM UTC.

DeFi Industry Earnings Fall Despite Increasing Token Prices

yEarn Finance does not have a backing fund or venture capitalists.

The project did not conduct a presale, however, it is managed by YFI holders who receive a token in exchange for providing liquidity for the yEarn platform.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

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