![]() The Fed considers GDP growth, the inflation rate (CPI), and jobs data (NFP - the unemployment rate and employment change).Īlso, the USD is a refuge currency whose price rises during periods of declining global risk appetite. Monetary policy is affected by economic data. Thus, investors wait for Fed interest rate decisions and meeting minutes, where the central bank announces its monetary policy. They are the monetary policy of the Federal Reserve, economic data, and global market sentiment. The rate of the US dollar depends on several factors. The USD is a legal tender not only in the US but in seven other countries and five US territories. Still, it doesn't make the US dollar valueless currency. Thus, yearn.finance cannot be 100% safe.Īccording to statistics, Americans throw away coins worth nearly $62 million every year. YFI became the first cryptocurrency that cost more than Bitcoin per unit.Īndre Cronje, the founder of the platform, is one of few founders who warned about risks the DeFi bears. Yearn.finance became one the fastest-growing DeFi projects as it attracted around $800 million in assets during the first month of operation. Thus, the total supply of the token at the moment of its launch was 0. Unlike with many other native tokens, developers of the yearn.finance platform did not receive any starting funds. Interesting facts about the YFIUSD (Yearn.finance to US dollar) Thus, there is no other opportunity to define the perfect time for trading the YFI/USD pair. We pay close attention to the degree of liquidity of the USD only, as the cryptocurrencies are available for trading 24/7. The best time to trade YFI to USD is the American trading session from 15:00 to 24:00 (GMT+3, indicated in LiteFinance trading platform). Nowadays, the US dollar is one of the world's reserve currencies, accepted around the globe. The shortage of coins caused the printing of paper money. The first coins were produced in 1792, but the first banknote was only issued in 1862. The USD became the official currency in the US on July 6, 1785. The US dollar or USD is the domestic currency of the United States. As YFI is a native token, its holders can govern the network by adding new and unique features. Platform users can gain tokens when providing liquidity. Moreover, the investor interest in the platform could boost its price to enormous highs compared to other governance tokens. Although it is a young token, the largest part of its supply is already in circulation. The yearn.finance platform serves as an aggregator for well-known DeFi protocols such as Aave, Curve, and Compound. Thus, Yearn.finance tries to make the experience of such investors more attractive. ![]() Not all traders are technically equipped or ready to spend hours on trading. ![]() The crypto market, blockchain, and DeFi are not simple terms. The platform was launched in February 2020. Its goal is to increase investor profit from yield farming and open DeFi investments for a wide range of investors, not only professionals. Yearn.finance is an aggregator platform for DeFi investors. ![]()
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