#YFI CRYPTO STOCK SOFTWARE#

$BTC at $53K yesterday vs $BTC at $53K today /6PeRs0bbJ2 That’s all well and good for the stirring long-term vision, but it still seems like this next meme is more the day-to-day, hour-to-hour reality for much of the market’s participants… Let’s hear from some prominent Bitcoin bulls, shall we? That is, until we find out if one’s approved, delayed or flat out denied. Perhaps the rumours about a Bitcoin futures exchange-traded fund (ETF) being approved in the US soon will help keep things in a consolidating, sideways pattern. Sequence of events to be played out soon on #fantomĮth money > Geist money market > FTM pump > AMM pump > Yield Aggregators > Degen stuffs > Hacks, exploits and rugs > $Shade mixer > Bridge out $FTM $BOO $SPIRIT $GRIM $BIFI $ANY $GEISTĪt the time of writing, the overall market cap is US$2.398 trillion, up 0.6 per cent since this time yesterday.īitcoin (BTC) is still managing to hold onto the $US54K level, although it did ramp up to a fraction over $US56K about eight hours ago, rejected swiftly back down to where it’s at now – about US$54,300. And if its deflationary narrative keeps playing out, maybe it will always keep that first-mover advantage. OG smart-contract chain Ethereum, meanwhile, still easily retains the vast majority of users and biggest ecosystem in this sector. Polkadot (DOT), Solana (SOL) and Cardano (ADA) all have much higher valuations again. Avalanche (AVAX), which has been crushing it recently, currently has more than double Fantom’s market valuation at about US$13.7 billion. And it’s definitely one to keep an eye on – especially if crypto’s bullish narrative continues into October and November.Īt just under US$6 billion, it’s got a lower market cap than most in this sub-sector. Until now, it’s solely operated within Ethereum’s vast DeFi ecosystem.įantom, on the other hand, is a smart-contract platform like Ethereum, upon which other protocols and decentralised apps are built. It works as a liquidity aggregator that provides an automated yield farming strategy through various lending pools. In a kind of nutshell, Yearn is an optimising protocol for earning the best yield in DeFi. Today, we go multichain with the launch of Iron Bank Fantom and the first Fantom vaults on 🧵 /IaAtDqdkYi

#YFI CRYPTO STOCK SOFTWARE#

The software engineer and “DeFi architect” has been busy building projects on the network recently, including a text-based NFT RPG game called Rarity, and an open-source NFT marketplace to rival OpenSea, called Artion.

The thread also explained that the Fantom network now supports Yearn’s development tools and its Iron Bank partner Cream Finance. “And it doesn’t hurt that is a big fan,” the team added.Ĭronje is actually a key Fantom identity in one sense – largely in the capacity of a technical consultant. In a Twitter thread on Thursday revealing the news, the Yearn team said it’s opted to expand to Fantom because it’s “fast, simple to use, and easy to bridge to”. And the “layer 1” smart-contract blockchain Fantom’s token FTM is faring even better, up 34.33 per cent since this time yesterday and 95.5 per cent on the week. DeFi “blue chip” yearn.finance (YFI) has been double-digit pumping today after announcing its “multi-chain expansion” to incorporate the Fantom (FTM) blockchain’s growing DeFi ecosystem.Ĭreated by DeFi (decentralised finance) pioneer Andre Cronje, YFI is currently registering a solid 15 per cent gain.

Yfi crypto stock