Yearn Finance Launches Ethereum Vaults; Here’s Why Its Bullish for ETH
Yearn Finance is now allowing people to stake their Ethereum holdings to earn higher yields via its new product yETH.
The vault, which went live on Monday following a community vote, expects to attract a large amount of ETH tokens, with many observers noting that the migration would leave the Ethereum market with a supply-side liquidity shock. They are already counting on a bullish response from…