Yearn.Finance (YFI) is up 34.71% in the last 24 hours. This comes as Yearn started massively buying back YFI. If …Read More…

Yearn.Finance (YFI) is up 34.71% in the last 24 hours.
This comes as Yearn started massively buying back YFI.
If this bullish position continues, YFI may hit $50,000 soon.

Decentralized finance (DeFi) leading yield aggregator for investors Yearn.Finance is up 34.71% in the last 24 hours. The new price position of YFI is attributed to the recent announcement by the platform that it has purchased $7,526,343 worth of YFI from the open market.

The team reveals that they entered a massive buyback in the coming weeks. So far they have gotten 282.4 YFI in a few days, representing 0.77% of the total supply at an average price of $26,651. They further disclosed that more YFI has been bought back in the past month than last year.

In addition, the YFI treasury has more than $45 million saved up with earnings stronger than ever, says its official Twitter page. At the time of w …

By Weyort

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