Yearn Finance is introducing a vault part of the ecosystem and I just bought some on Huobi.com.
People say that Bitcoin should increase the protocol to include a yield like staking.
Over 20,000 on the market right now..... is YFI the new Bitcoin?
https://www.huobi.com/en-us/exchange/yfi_usdt/Sooner or later that Yearn decentralized finance will collapse, what has been gain overnight may loose overnight. Coders are creating that key mechanism just to trick users and gain a quick profit, DeFi like that should be in investor based games section.
You think like me that someday yearn finance will collapse due to various factors different from bitcoin because almost all pairs will definitely have a main pair, namely bitcoin so in my opinion bitcoin has no competition
YFI is currently popular because it hives and is just waiting for it to collapse
I agree that YFI will collapse as Bitcoin too. All coins has the possibility to collapse when it was overbought for a long time due to hype alone. Actually the usage of YFI is very powerful because holders has the power to vote on the next move of the project unlike bitcoin which powerless or so. The only thing I hate about YFI is how they hype the project itself, the price growth is not normal and very risky. I believe the price can collapse more than -50% in an instant once holders loss trust on the project.