Yearnify Finance (YFY) Next Generation Decentralized Finance Project, Token Pre-sale is Now Live

PRESS RELEASE. Yearnify Finance is a community-centered DeFi-project, modeled to take the successful features of Yearn Finance (YFI), and improve upon them, we aim to bring the true value of yield farming finance accessible to all users, we offer the most secure and simple way to earn reliable yields on your assets. Yearnify Finance is a powerful DeFi Platform focusing on staking, farming, borrowing and mortgage. Our platform is powerful enough from a scalability, interoperability, developability and governance perspective to help make the vision of Web3 a reality that aims…

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Is DeFi really a threat to centralized finance? Oct. 14-21

No major euphoria-worthy moments happened this week — the ecosystem is still cooling off.  I think the biggest sign of that is Uniswap’s trading volume. After hitting a peak of slightly less than $1 billion in daily volume in early September, those numbers steadily deflated. Courtesy of Uniswap’s sleek dashboard. But despite the downtrend, I think even the current level is still well beyond the wildest imagination of a DeFi fan in 2019. For reference, those figures are roughly on par with Bitstamp or Bitfinex (even though as I write…

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Yearn Finance Founder Blames Social Actors for Role in the EMN Token Hack

Yearn Finance founder Andre Cronje suggests he did not mishandle the Eminence (EMN) project’s economic exploit, which he insists functions well. He accuses certain social actors of creating a story around EMN that caused rational actors to jump onto the token. Cronje’s comments follow reports that a group of defi community members planning to sue the smart contract builder whom they say is culpable in the $15 million EMN token hack. Cronje Says He Is Not Infallible In a post on Medium, Cronje who has vowed not to use his…

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Defi Community Members Aim to Sue Yearn Finance Creator Andre Cronje and Fork YFI

Members of the decentralized finance (defi) community are upset with Yearn Finance founder Andre Cronje over the mishap with Cronje’s secret Eminence (EMN) project. The Eminence protocol gathered $15 million before the project was ultimately hacked before the official launch. According to a recent blog post published on Medium, a group of defi community members plan to sue Yearn Finance founder, Andre Cronje, and fork YFI as well. As news.Bitcoin.com recently reported, there’s been a lack of trust in Cronje’s work since an undercover project that didn’t even launch was…

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Yearn Finance Connect (YFIC) New DeFi Project Decentralized Finance, Staking, Lending & Yield Farming

Yearn Finance Connect is a decentralized token under the ERC-20 protocol, that allows users to stake YFIC, borrow assets, and vote for improvements within the community. Yearn Finance Connect staking platform enables investors to earn a yield on YFIC token, depositing, and selecting the amount you want to stake, you will get an APR of 25%, and it can be unlocked anytime, and you will get FYICS Token reward also. Borrowers can borrow in an overcollateralized (perpetually) way, selecting USDT (Tether), Ethereum (ETH), or DAI. Yield Farming – Users will…

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From ideas to mechanisms to the new finance

With its year-to-date growth of more than 15x in total value locked, and more than $11 billion committed to the protocols, decentralized finance (DeFi) has become a mainstay in the crypto industry, and a whole new industry in itself. Meanwhile, its shape as a concrete market has not been defined with substantial confidence. A major shortcoming of DeFi research to date has been its focus on individual projects or simple metrics, such as financials. A systematic overview capturing the essence of the industry and professionally describing it in depth is…

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Uquid Launch the Defi Shopping Stake (DSS) and Defito Finance (DTO)

The trouble with many current DeFi projects is that while they eliminate traditional institutions from the mix, they instead transfer ultimate control over to a select group of insiders who have their financial motives and agendas. It’s an arrangement that’s ripe for abuse, and something that should be anathema to anyone who believes in the real promise of DeFi. But now, there’s a DeFi solution that’s on a mission to deliver where so many others have failed. It’s called the Defito (DTO), and Defi Shopping Stake (DSS) is designed to…

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Elastic Finance makes its case in the DeFi discussion

The DeFi frenzy has been making the headlines in the last few months, as crypto exchanges rush to list popular tokens within the decentralized finance sphere. However, another concept called “Elastic Finance” has emerged, which could be the next generation of financial platforms that can use unique supply elastic assets, said an expert. During an interview with Cointelegraph, digital asset protocol firm Ampleforth Foundation CEO Evan Kuo said that Elastic Finance began with its own token, AMPL, a rules-based elastic digital currency that automatically translates price volatility into supply volatility.…

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Conquering Decentralized Finance: Enter the Custodians

The future of finance is decentralized. Striving to facilitate that prognosis, decentralized finance — or DeFi — is quickly shaping into an alluring prospect for investors and companies alike. Looking to harness this decentralized ideal, rivals to the Ethereum-centric sector are feeling the fear of missing out and leveraging their own blockchains in order to gain dominance. Reaching an early climax this year, DeFi breached $1 billion in locked assets. For the Ethereum ecosystem, this stood as a significant boon, drastically increasing its value proposition — and leading competitors to…

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How Cross-Chain Composability is the Future of Decentralized Finance

Decentralized Finance, or DeFi, has been making strides in providing tools for users to take control of their own money and truly be their own bank. However, the assets that power this revolution exist primarily on blockchains, and historically these networks don’t easily communicate with each other. This creates real roadblocks and liquidity issues for many of the applications that are trying to revolutionize finance. New solutions could pave the way for greater “cross-chain composability,” which would mean users with almost any decentralized holdings could easily use it as collateral…

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