Depositors to the Y Curve decentralized finance (defi) pool received as much as 2,000% in interest this Saturday and about 600% (annualized) for the entire day. Before this increase, liquidity providers had been earning an aggregate rate of 10.58%. The latest interest rate growth follows Yearn Finance’s release of a YFI token to govern the […]
The post Y Curve Interest Rates Reach 2,000%, Assets Under Management Grows Tenfold After Token Launch appeared first on Bitcoin News.
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