jpnn.com, JAKARTA – YEarn Finance (YFI) crypto asset prices soared 330 percent to IDR 210 million, in a matter of days. Now YFI is more expensive than the most popular cryptocurrency bitcoin which has reached IDR 180 million per 1 bitcoin
In the INDODAX market, the largest bitcoin and crypto exchange platform in Indonesia, YFI was initially sold for IDR 51 million on Sunday, August 6, 2020 or the first day of the floor on the INDODAX exchange.
Then on Friday, August 21, 2020 morning, YFI was at the level of Rp. 210 million.
INDODAX CEO Oscar Darmawan explained that YFI has listed relies continuously for several days since the first listing on INDODAX.
YFI adds to the list of cryptocurrencies that have performed fantastically in a few days.
Previously, there were many cryptocurrencies that recorded similar increases in a short period of time.
“YFI has recorded a fantastic performance since the first listing on INDODAX. In fact, because of the fantastic increase it makes YFI more expensive than bitcoin,” Oscar said Friday (21/8).
Oscar revealed that the increase in YFI’s price was due to the DeFi system which is currently being widely used. YFI is a cryptocurrency that can enter the DeFi system.
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