One of the biggest market makers in crypto is having trouble getting nearly free money out of Yearn Finance.
Wintermute Trading is asking Yearn Finance for a 12-month loan of YFI tokens as it hunts for extra yield.Wintermute Trading, one of the biggest market makers in crypto, has hit some governance roadblocks as it hunts for yield across decentralized finance – an ecosystem it helps prop up.failing
The complex situation highlights how Wintermute has grown, in its founder Evgeny Gaevnoy’s words, increasingly “creative” – and ever more bold – in how it extracts value from crypto projects.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Virginia Gov. Youngkin eyes a 15-week abortion ban as a 'consensus' voters will backThe Republican wants to make abortion legislation a priority in the last southern state without significant restrictions. His team says focus groups show a 15-week ban is popular.
Read more »
Pence says voters need to get to know him better, despite many years in politicsEXCLUSIVE: Former Vice President Mike Pence says he is “well known,' but “not known well,' telling Fox News Digital this week that he is taking to the campaign trail in the hopes that GOP voters see him “in a fresh light.'
Read more »
Nikki Haley says idea of Kamala Harris as president should 'send a chill up' voters' spinesRepublican presidential candidate Nikki Haley on Sunday reiterated her belief that President Joe Biden cannot make it through an entire second term and that his reelection would lead to Vice President Kamala Harris succeeding him in the Oval Office.
Read more »
DeSantis is the top second choice for GOP voters — does that matter?Former President Donald Trump remains the far-and-away front-runner in the Republican primary contest, with a double-digit lead over all opponents.
Read more »
Israeli finance minister to renew funds to Arab communities after backlashIsraeli Finance Minister Bezalel Smotrich said on Monday his ministry would unblock funds for Arab communities that he suspended saying the money was fuelling crime, triggering outrage from Arab mayors and some Arab and Jewish lawmakers.
Read more »