DeFi Token Surpasses Bitcoin's All-Time High
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Aug. 29, 2020
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Described by developers as "a completely valueless" decentralized finance-focused (DeFi) YFI token has surpassed bitcoin's (EXANTE: Bitcoin) all-time high at the $20,000 mark.

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At press time, yEarn Finance's native token is trading at $24 271, while the token's market cap is over $727 million.

DeFi Token Surpasses Bitcoin's All-Time High

The cryptocurrency market still has no unified view on what exactly would have triggered such a hyperbolic growth of the asset. (YFI) is a DeFi token based on the Ethereum blockchain network. The project yet has no maximum supply.

DeFi Aggregator Raises $1.85M from Industry Heavyweights

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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