Why is yearn Finance dropping?

Decentralized finance’s Yearn. finance (YFI) has dropped 10% in the past 24 hours despite strength in Bitcoin. The YFI coin is down over 33% from its all-time high price set just weeks ago. The coin seems to be dropping due to a wider bout of weakness in DeFi, caused by a number of trends .

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What is a yearn finance coin?

YFI is the native cryptocurrency of the Yearn Finance platform: a collection of decentralized finance (DeFi) products that allow users to earn interest on their crypto assets using smart contract platforms like Ethereum . Yearn Finance’s yield products typically offer yields of 25% to 35%.

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