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These factors can bring stability for Yearn.Finance, going forward
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Yearn.Finance is rising rapidly as it aims to recover the losses experienced over the month of December. In fact, its climb was so strong, it left behind some major altcoins.
YFI seems to be gaining prominence as it rose by over 43.46% in the last 72 hours, and is continuing on that path. On the contrary, the actual leader of altcoins ETH was down by 3.38% with SOL sitting at -1.57%, at the time of writing.
YFI price action | Source: TradingView – AMBCrypto
A lot of this has to do with the recent proposal made by Yearn to change its tokenomics. Of the options given, the community mostly voted for xYFI.
This proposal suggests the creation of a YFI staking vault where excess treasury earning would go. Additionally, Yearn has begun aggressively
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