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Yearn Finance founder intrigues …

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Andre Cronje of Yearn Finance on YFI and the Fair Launch: ‘I’m Lazy’ – Ep.190

Yearn Finance founder intrigues ...

Yearn Finance founder intrigues with massive platform update
CONTENT

  • Yearn Finance Launches Major Protocol Update

  • Update includes tier 2 scaling solution

  • YFI token fell in price with other cryptocurrencies

International consortium of news organizations developing transparency standards.

The popular DeFi aggregator is considered one of the most active participants in the segment in the context of product development and updates implemented in recent months. Now the founder of the project hints at the preparation of an even larger platform update.

Yearn Finance founder intrigues ...

Yearn Finance has grown and developed rapidly since its inception, and the founder of the project, André Cronier, who has already gained prominence in the DeFi market circles Decentralized Finance (DeFi) is financial services built on the basis of blockchain technology that offer users access to an open, efficient and … More, said that the new system will be even more complex.

Commentators are guessing

In his teaser poll, Cronier did not indicate any details, but only asked users for advice – whether to make the information public before the launch or surprise everyone directly with the release of the update. The second option was chosen by the majority of users (5350 people), but at the time of this writing, voting was still ongoing.

At the same time, some voting participants believe that it would be nice to make public some information regarding the update in order to prevent whales and other influential industry participants from gaining an edge over the rest, which has recently become the norm in the ecosystem..

It is likely that the new Yearn v3 will include other DeFi protocols in order to expand the current line of services that make life easier for investors, saving them time and money..

Yearn Finance founder intrigues ...

DeFi farmer DeFiGod (@ DeFiGod1) speculates that this will be a larger mix of existing protocols and assets.

Similar to synthetic asset swaps using Chainlink oracles for pricing, AAVE for mining finance, and SNX contracts for the overall project architecture.

It is noteworthy that Cronje promised that the platform will function at the first and second levels, which will delight users who have recently faced the problem of growing gas commissions.

Thanks to scaling at the second level, users will be able to make thousands of transactions per second, while the gas commission will be significantly lower..

We will remind, earlier this month, the main developer of the Yearn.finance project André Cronier proposed to limit the emission of the YFI token.

In addition to Yearn, DeFi platforms such as Aave, Uniswap and Synthetix are preparing to update their second-tier solutions..

What’s with the YFI course

Yearn Finance is ranked sixth in the TVL’s total blocked cost in the DeFi segment. DeFi Pulse Says $ 817M Locked Value.

Token As the use of cryptocurrencies grows, new types of tokens are emerging. They can represent value or something intangible like voices. Two … More YFI did not escape the wrath of the bears who staged a massive sale this week. Over the past 12 hours, the token has fallen in price by almost 15%, to $ 22,500, although by the time of this writing, it has reduced losses to $ 24,700.

Yearn Finance founder intrigues ...

YFI / USD Chart by TradingView

YFI fell in price in tandem with the rest of digital assets, and over the past 24 hours the capitalization of the cryptocurrency market decreased by $ 10 billion.

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