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Jan 12, 2022 8:49 PM

YFI Leading DeFi Round 2 Long

yearn.finance / United States DollarCoinbase

Description

Weekly chart to cut through the daily noise. Notes on the chart.

Other Key points:
✅ DeFi basing >1 yr, looks bottomed
✅ YFI best chart in sector - broke downtrend already and making HHs and HLs from bottom
✅ Deflationary tokenomics (recent change). "Ve" token narrative tailwinds - 45m/yr buybacks & lockups
✅ Room for mulitples on your money given only 1.2bn market cap w/ 100% supply circulating
✅ If rotation to value, will benefit given positive cash flow protocol
✅ Solid upside/downside ratio. Big shakeout already happened; no more significant selling pressure w/ buybacks creating constant demand
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