DeFi Protocol Yearn Finance's Token Rises 7% Despite Market Plunge

📆 3/3/2023 2:33 PM
📰 CoinDesk

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.iearnfinance's YFI token has surged by 7% against its USD trading pair as it remains unperturbed by a crypto market sell-off. Reporting by oknightcrypto.

that Yearn Finance was moving into liquid staking derivatives. Liquid staking derivatives are a type of token that gives investors exposure to an underlying asset whilst receiving staking rewards as a part of Ethereum's proof-of-stake network.."Spread your risk. [Receive] boosted yields."

At the time of writing, YFI was trading at $10,770 with 24-hour trading volume topping $252 million across all exchanges. Meanwhile, bitcoin and ether are down 4.44% and 4.58% respectively as fear gripped the crypto market following

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