The truth is that the world of cryptography never ceases to amaze me, every time we see a strong trend of DeFi in this environment, a constant and clear characteristic is the denominator of decentralization and tokenization.
Certainly the main point that brings me to write this article is the governance token of the platform of Yearn.Finance, YFI and its meteoric rise towards $ 13,900, but currently, at the time of this writing, it is trading at about $ 35,190 per token with an increase of 1.71% and a historic 2600%. The truth is that these numbers make many doubt and reinforce the ideas of the detractors of this branch of cryptography that these types of projects only feed the digital bubble that hangs over the DeFis.
You can see and know a lot about this token, draw your own conclusions, there are very good articles that refer to this alt's that perfectly describe how the behaviors have been, what its supports have been and the reason why you can operate with it . However, there is still much doubt about its usefulness and all this value is focused only on seeing how it is speculated and the best performance is obtained until its correction.
The incredible thing about this is that I try to understand the objective and purpose of this token; really this is the beginning of the emergence of a series of cryptos that will represent the future of the DeFis ???; I do not see what the meaning of creation is, remembering that the objective is to generate a different, decentralized economic environment, where there is full freedom to interact and be the sole custodian of all monetary interaction, beyond a centralized and debtor system.
In a cointelegraf article entitled ¿Why so much hubbub with Yearn Finance (YFI) ?, written by Gusavo Godoy, he emphasizes a definition that could give a clue to how special this token is for some. He writes that YFI is a crypto that generates "Aggregate liquidity, leveraged trading, and is an automated market maker." Along with this, the platform "offers insurance for assets placed in DeFi. It uses a vault system and governance to support the operation."
This YFI token has a strong psychological element that for many leads to enter without looking or analyzing any definition, this is definitely worrying, since I see a rampant trend in the DeFi world and an accelerated absorption of this type of FOMO.
For my part, I only suggest that you investigate, keep seeing and differentiating Spam from serious projects that are emerging as an initiative that builds and forms synergy in this ecosystem.
You can see this article on my PUblish0x blog under the following link.
https://www.publish0x.com/cryptographic-alchemy/what-is-this-about-yearnfinance-yfi-xdrpvxr