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YFI price gains 46% in just four days after Yearn Finance's $7.5M buyback
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Yearn Finance (YFI) emerged as one of the best performers in the crypto market this week, rallying by over 46% in just four days to reach a two-week high above $29,100.
The gains surfaced primarily as Yearn Finance revealed that it has been buying back YFI en masse since November in response to a community vote to improve the YFI token's economics. The decentralized asset management platform purchased 282.40 YFI at an average price of $26,651 per token — a total of over $7.50 million.
Furthermore, Yearn Finance noted that it has more than $45 million saved in its Treasury and has "stronger than ever" earnings. As a result, it would — in the future — could deploy its income to buy back more YFI tokens.
Now that the Treasury has more than $45
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