As has often been the case with DeFi, the whales with the most liquidity will have benefitted the most. As former dev advocate at OpenZeppelin, Dennison Bertram [@DennisonBertram], pointed out:
YFI now over $10k – I would like to thank my mum for giving birth to me so that I could experience this euphoric moment pic.twitter.com/8XDNlhJP4o— Anthony Sassano | sassal.eth 🏴 (@sassal0x) August 18, 2020
I don’t think it turned too many people into millionaires if any to be honest. There was almost never enough supply available, and the folks who were able to “yearn” enough of them, did so via providing millions in liquidity…In terms of liquidity, TVL on the platform has also reached an all-time high of $635 million according to DeFi Pulse. According to the most recent stats from Yearn Finance, the TVL is closer to $740 million. It added that the treasury figure now stands at just shy of $330,000.
As reported by BeInCrypto on Tuesday, the platform has released the details of three new tokenized insurance pools for liquidity providers. The Yinsure.Finance system will be comprised of three core components; Insurer Vaults, Insured Vaults, and Claim Governance.
https://t.co/Tm4Su0BzFk stats— yearn.finance (@iearnfinance) August 19, 2020
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