Yearn Finance YFI price rose 46% in just 4 days

Lutfi

Yearn Finance YFI price increased by 46 in just 4 days
Yearn Finance YFI price increased by 46 in just 4 days

Rancakmedia.com – Yearn Finance YFI price increased by 46 percent in just 4 days after Yearn Finance's $7,5 million purchase. The “decentralized” treasury has more than $45 million and will seek similar YFI buybacks in the future.

Yearn Finance (YFI) has emerged as one of the strongest players in the market crypto this week, it surged more than 46 percent in just four days to hit a two-week high above $29.100.

As a result of a community vote to improve YFI token economics, Yearn Finance stated that they have been buying back large amounts of YFI since November.

The decentralized asset management platform acquired 282,40 YFI for an average price of $26.651 per token for a total of nearly $7,50 million.

Furthermore, Yearn Finance said that it has more than $45 million held in its Treasury and has “stronger than ever” returns.

As a result, it will in the future possibly spend its earnings to repurchase additional YFI tokens.

Yearn Finance YFI Undervalued

Adam Cochran, a partner at activist venture firm Cinneamhain Ventures, observed that Yearn Finance generates about $100 million annually in fees alone received from Vaults, its flagship smart savings account service that optimizes the accrual value of stored digital assets.

Analysts also observed that Yearn has attracted more than $5 billion in total value locked (TVL) against a market capitalization of $781 million. Despite this, the Yearn Finance protocol generates one of the highest fees per TVL, providing enough liquidity to support its future token buyback plans.

Yearn Finance YFI Undervalued

Cochran also compared Yearn Finance's profit-to-sales (P/S) and profit-to-earnings (P/E) ratios with the curves of other “payment-based” protocols, underscoring that YFI remains undervalued relative to Curve's staking token, CRV.

In short, the P/S ratio shows that how much investors are willing to pay for a company's stock depends on its sales per share. The P/E ratio is a measure of how much shareholders are willing to pay for a company's shares based on expectations for future profits.

In both circumstances, a lower reading implies the stock is undervalued. “Their P/S ratio is 3,6x and their P/E is 7,9x,” Cochran said of Yearn Finance.

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Lutfi

Hi, let me introduce myself, Lutfi Hulasoh, I am a writer and techno blogger. I started creating a personal blog writing informative articles about the latest trends and developments in technology. My writing covers a wide range of topics, from mobile applications to artificial intelligence, and I can also provide easy-to-understand explanations to help readers understand complex concepts.