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13 May 2021

Yearn Finance picks up $1 million in YFI as part of planned buyback | CryptoSlate

Yearn Finance picks up $1 million in YFI as part of planned buyback | CryptoSlate


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“Yearn has purchased an additional 27.97 YFI for $1.164 million at an average price of $41,621 per YFI,” the Yearn.Finance team said in a tweet.

Yearn has purchased an additional 27.97 YFI for $1.164 million at an average price of $41,621 per YFI.

Such buybacks of YFI, the platform’s governance token, are the result of a proposal called “YIP-56” that aims to bring more value to the ecosystem by using YFI staking rewards to buy back YFI on the open market.

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