Yearn.Finance (YFI) Token Spikes 100% in Week: Possible Reasons

📆 25/06/2022 20:50:00
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DeFi major iearnfinance sees its $YFI token pumping 100% in last week: possible reasons YearnFinance

YFI, a core native cryptocurrency of high-performance DeFi aggregator Yearn.Finance, demonstrates rocketing performance despite an accelerating bearish recession in crypto.On June 18, 2022, the YFI price dipped below 22-month lows and almost plunged to the $4,000 level. However, after reching the bottom, the asset started rallying.The most impressive phase of the rally started yesterday, on June 24, 2022. The YFI price jumped from $5,400 to almost $8,000 in a matter of hours.

Per this proposal, Yearn.Finance is ready to adjust its compensation model for full-time contributors amid a bear market. The platform can implement 10,000 DAI + $10,000 worth of YFI per month per person, flat compensation level.

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