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YFI about to perform 14% move from bull pattern!YFI is currently in an ascending triangle which is an bullish pattern. The price has already broken the resistance area of the triangle and confirmed it as a support, and the move up is already happening. I don't expect YFI to retest the ascending triangle uptrend line, but it's a possibility. Either buy market or buy the break of $36.688. Take profit below $39.000 and below $41.500 If the uptrend line of this ascending triangle gets broken, that would invalid this setup. Good luck! Tibor
Long
by TiborVrbovsky
9
Yearn Running to New HighsYI or Yearn.finance has recently run up to knew highs. After yesterdays run, as expected there was a pull back. Setting both higher highs and lower lows. YI is showing both Technical Indicators along with Financial Analysis continue positive with more money locked in yearn's DeFi protocol shows we should see a continued up trend in the near future. Further passing yesterday's highs look toward 50,000. With some resistance around 37,750.00 a break through this level would confirm the break out and later act as a support. Tomorrow's announcement of YI going live on Coinbase Pro, almost makes this to easy of a win. But be careful, nothing goes straight up, and Yearn has been relatively quite considering it's accomplishments. Don't be afraid to lock in some profits after next run. I am not a financial advisor and this is not Financial Advise
FTX:YFIUSD
by mrjr091987
1
YFI - yearn.financeyearn.finance is a Decentralized Finance (DeFi) platform which aims to build products on aggregated liquidity provision , leveraged trading, automated marketing making, and more. The YFI token is the native utility token in the yearn.finance platform. Users can earn it by contributing liquidity to yearn.finance's aggregated liquidity pool, or ypool, and use the token for platform governance. yearn.finance currently provides a profit optimizing service for lending providers, moving providers' funds between dYdX, Aave, and Compound autonomously for highest return. The balanced scheme works without attracting new funds. Therefore, the team has no reason to scam the project. Perhaps there are other reasons, for example, a technological scam: some kind of back door or problems with IT or Blockchain will give an error that will make it possible to steal money. All tech companies have such problems: Twitter, Apple, etc. In general, this is not a scam or a financial pyramid like the Ponzi. The project has a use case, some people believe in it, there is a kind of ecosystem. A disadvantage is a large number of audits. Since there is a lot of money in the project, and hackers did not steal it, this is probably not so easy to do. This was written by Andre Cronje - he has been in the cryptocurrency field for a long time and has done a lot of useful things, so people trust him. Motivation The YFI community is currently working with Delphi and Gauntlet to develop an economic model and inflation schedule. Until this process is complete, the project lacks the funds for any operational expenses including, but not exclusive to, security audits, deployment costs, consulting expenses, and compensations. All surplus rewards are directed to the governance pool. How does the protocol make money? There are two sources of income: 0.5% Commission for withdrawing money (this commission is charged in the case of Earn (Lending optimization) and the case of Vaults (Yield farming optimization) The economics simple YFI charges a 5% gas subsidization (performance) fee on the capital it's managing as well a 0.5% withdrawal fee if the user pulls their capital out. The withdrawal fee applies to both its Earn and Vaults products, while the performance fee only applies to its Vaults product. More specified that the treasury should maintain a buffer of $500.000 equivalent, with all surplus rewards distributed YFI staked in the governance pool. Specification 100% of the rewards collected by the system are directed to the multi-sign treasury. Treasury should maintain a buffer of 500,000 USD equivalent, with further rewards distributed to YFI staked in the governance pool. In the July 17 article, Andre Cronje wrote that just because we feel we didn’t stress it enough, 0 value. Don’t buy it. Earn it. In my opinion, this phrase discouraged some people to trade this coin. I think that to a large extent, this is said for the regulator so that they do not touch the project developers. medium.com Best regards EXCAVO
by EXCAVO
13
YFIUSDT 💯IQ🧠 Here we Come 50k!⚠️ The YFI bulls keep pushing the price up. As crazy as it sounds, $50k YFI is clearly on the table at this rate. On the one hand, you have the use-case that Yearn makes yield farming easy. On the other hand, you have the YFI mania. Put the use case, bullish chart, and FOMO together and what do you get? We think you get another leg up to at least $50k. All that said, we are analysts, not just DeFi fans, so we will take a critical look at the bull and bear case here. Hit that 👍 button to show support for the content! Help the community grow by giving us a follow 🐣 ----- Support: The S1 S/R flip range is ideal support for bulls who are looking to see YFI just keep moving. We broke resistance already, next direction really should be up here. If S1 can't hold, then there is room to strengthen the current range by finding support at S2. If the range holds long enough, we may even intersect with the uptrend channel's bottom trendline to find additional support. With that said, as you can see on the chart, we have much more confidence in a run from S1 than S2. Resistance: After recently moving past previous resistance points (see the bearish orderblocks on the chart), there is no real resistance left of YFI's chart. With that said, our target here is the top of the channel at $50k. ----- Summary: YFI has the sentiment, use case, and room in terms of market cap to keep moving. That said, after such a strong move, any sort of indecision is going to be a bad look. So do watch out with rushing to buy the dip on this one if S1 can't hold. ✨ Drop a comment asking for an update, we do NEW setups on request! ✨
by AlphaBotSystem
14
yearn.finance | New Binance Add! Project OverviewHere we have a new altcoin project pair listed on Binance, yearn.finance (YFI). yearn.finance (YFI) Project Overview The yearn.finance ecosystem consists of the following products yearn.finance - Profit switching lender to optimize lending yields (live). ytrade.finance - Leveraged stable coin trades (testnet). yliquidate.finance - 0 capital automated liquidations for Aave (testnet). yswap.exchange - Single sided automated market maker (live). iborrow.finance - Credit delegation vaults for smart contract to smart contract lending (testnet). The yearn.finance ecosystem is controlled by the $YFI token. --- yearn.finance The purpose of yearn.finance is simple. Yield aggregator for lending platforms that rebalances for highest yield during contract interaction. yearn.finance supports; $DAI $USDC $USDT $TUSD $sUSD --- Share your thoughts, comments and opinions in the comments section below. Thanks a lot for the support. Namaste.
by AlanSantana
4