DeFi growth and Grayscale YFI security pushed YFI to a new record
Yearn.finance (YFI) saw a sharp spike, pushing the price to a new all-time high of $45,900.
Data from Cointelegraph Markets and TradingView shows that YFI hit a swing low of $33,638 before experiencing a 26% breakout.
The move appears to have been motivated by the company's Delaware registration, which showed that Grayscale Investments registered an LLC with a Yearn financial trust similar to its Bitcoin and Ethereum products.
In an effort to help the YFI protocol become the most extensive decentralized financial ecosystem, Yearn also announced a partnership with Badger DAO.
Together, Yearn.finance and BadgerDAO hope to build "best-in-class bitcoin storage" for the DeFi space.
