First Mover Americas: Coinbase’s New Layer 2 Network Off to Shaky Start

Yearn Finance’s YFI token surged to its highest level in nearly six months Friday after developers said they will introduce a liquid staking derivatives token. YFI surpassed $10,000 in Asian morning hours to prices not seen since September 2022, as part of a 39% increase this week, with trading volume increasing fivefold. Developers said the forthcoming token would give users exposure to a basket of liquid staking derivatives, which analysts say can help active investors diversify risk.

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• Source: https://www.coindesk.com/markets/2023/02/24/first-mover-americas-coinbases-new-layer-2-network-off-to-shaky-start/?utm_medium=referral&utm_source=rss&utm_campaign=headlines