Analysts predict Yearn Finance’s ETH vault could spark renewed Ether bull run

CRYPTONAIRE WEEKLY

CRYPTO investment journal

Analysts predict Yearn Finance’s ETH vault could spark renewed Ether bull run

Analysts predict that the imminent launch of yETH by Yearn Finance could trigger a renewed surge in buying pressure on the ETH markets. The product, which is being voted on by YFI token holders, will automatically find the highest yielding decentralized finance (DeFi) protocol/strategy for Ether (ETH) deposits.

Yearn Finance’s core products are ‘vaults’ that seek the best returns for yield farmers, while also pooling funds to reduce gas fees. With Yearn’s vault purporting to guarantee the highest returns while removing the labor and research needed to maximize the profitability of yield farming, combined with hype around the brand, the yETH vault is expected to drive up demand for ETH.

Some members of the crypto community speculate that guaranteed premium yields may attract capital that might have otherwise been designated for Ether staking in phase 0 of the ETH 2.0 rollout.

Nuggets News founder Alex Saunders also believes that yETH has major potential:

The new product that has me excited & even more bullish on ETH, is yETH. This adds to a long list of catalysts for Ethereum, but it also reduces the available supply. Anyone who owns ETH can earn the best yield automatically by HODLing yETH

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