YFI and SUSHI Rally as DeFi Superpowers Headed for Merger
The DeFi protocol yearn.finance (YFI) is set to merge with SushiSwap (SUSHI), another leading DeFi protocol, with their respective tokens surging. SUSHI is up 27% in the past 24 hours, trading at USD 1.87 (09:11 UTC), YFI jumped by almost 8%, to USD 27,380.
SushiSwap is a fork of the decentralized Uniswap exchange and has USD 738.8m TVL at the time of writing, a figure that is up 7% on the past 24 hours, per DeFi Pulse data. Also per DeFi Pulse, YFI’s respective figures, meanwhile, are USD 456.9m and 2.3%.