“Banteg”—a core developer on the DeFi protocol whose Twitter bio says they are “ahead of the curve”—confirmed that the vault ended up losing $11 million. He went on to sow confusion by saying that deposits had been disabled while an investigation took place… and later confirmed that this isn’t possible given how the ecosystem is decentralized.
As yearn.finance skyrockets, OKEx bets on DeFi
The cryptocurrency exchange listed eight tokens from the decentralized finance space in one day, including Yearn’s YFI
While many DeFi tokens have been spiking over what is being called DeFi summer, none has matched YFI. It is the governance token of the yearn.finance ecosystem, which began as an automation tool for finding and moving funds to the DeFi lending platform offering the best interest rate, or yield aggregation. automated marketing making.
Markets Report: Bitcoin stays rangebound as hodlers remove more BTC from exchanges
Exchange balances are falling fast in a sign that even recent price highs have failed to tempt investors to take profits — a bullish sign
Bitcoin fulfilled analysts’ expectations on August 20 and continued trading in an eerily calm range near $12,000. Data from price trackers including CoinMarketCap showed a pronounced lack of volatility overnight on Wednesday, with trading focused on around $11,700.