YFI Reclaims $20K as Yearn Finance Governance Approves Token Buyback

YFI Reclaims $20K as Yearn Finance Governance Approves Token Buyback


Yearn Finance beat Bitcoin in the race to claim $20,000 all over again.

The protocol’s governance token YFI surged to $20,770 during the early Tuesday trading session. Its move upward brought the price up by 178.42 percent from its early-November nadir, confirming the beginning of a strong rebound that followed an 83 percent crash.

YFI, Yearn Finance, YFIUSD, YFIBTC, YFIUSDT, DEFI

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Yearn Finance is trading almost 50 percent lower than its record high. Source: YFIUSD on TradingView.com Yearn Finance is trading almost 50 percent lower than its record high. Source: YFIUSD on TradingView.com

The YFI’s revival rally followed the decision of PolyChain Capital, a crypto-enabled hedge fund, to purchase almost 2 percent of the new YFI supply in two rounds of trading. It also appeared as Yearn Finance approved

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