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Yearn.finance mergers and sideways Bitcoin price propel DeFi tokens higher

Published 12/03/2020, 01:26 PM
Updated 12/03/2020, 03:00 PM
Yearn.finance mergers and sideways Bitcoin price propel DeFi tokens higher

Yearn.finance has been busy announcing a slew of mergers in the past week, and these have the decentralized finance space buzzing once again. Just after the Yearn and Pickle Finance merger, Yearn has announced a partnership with Cream to launch Cream v2.

Some of the key takeaways are that teams from both protocols will merge their development resources and Yearn vault shares can be kept as a collateral to borrow on Cream. Yield farmers might also benefit as Yearn vault strategies will have access to leverage through Cream.

Crypto market data daily view. Source: Coin360
YFI/USDT daily chart. Source: TradingView
SUSHI/USD daily chart. Source: TradingView
CREAM/USD daily chart. Source: TradingView

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