Yearn Finance’s YFI token hit an all-time high of $12,821 on August 19, jumping over 30,000% in a span of 30 days.

• YFI hit the all-time high value early on August 19; market cap is currently $329.4 million
• Yearn Finance is a multi-faceted DeFi platform that currently has two products: yearn.finance and yswap.exchange
• Gained recognition as yield farmers began experiencing returns of 1000 APY%
• YFI token launched on July 17 and has gained value exponentially since
• Yearn Finance launched V2 in early August, which brought several improvements to the protocol
• Price rise may stem from these new features and developments; most recently, it announced a tokenized insurance platform called Yinsure