Analysts predict Yearn Finance's ETH vault could spark renewed Ether bull run
Cointelegraph
Published Aug 31, 2020 11:05PM ET
Updated Sep 01, 2020 12:40AM ET
Analysts predict that the imminent launch of yETH by Yearn Finance could trigger a renewed surge in buying pressure on the ETH markets. The product, which is being voted on by YFI token holders, will automatically find the highest yielding decentralized finance (DeFi) protocol/strategy for Ether (ETH) deposits.
Yearn Finance’s core products are ‘vaults’ that seek the best returns for yield farmers, while also pooling funds to reduce gas fees. With Yearn’s vault purporting to guarantee the highest returns while removing the labor and research needed to maximize the profitability of yield farming, combined with hype around the brand, the yETH vault is expected to drive up demand for ETH.
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Written By: Cointelegraph
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