{"id":31670,"date":"2020-11-12T15:02:30","date_gmt":"2020-11-12T13:02:30","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=31670"},"modified":"2025-08-28T04:51:01","modified_gmt":"2025-08-28T01:51:01","slug":"polychain-capital-invests-in-defi-token-yfi","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/polychain-capital-invests-in-defi-token-yfi\/","title":{"rendered":"Polychain Capital Invests in DeFi Token YFI"},"content":{"rendered":"<p>The cryptocurrency fund Polychain Capital bought 141 yEarn Finance (YFI) tokens. This drew the attention of Messari analyst Mason Nystrom.<\/p>\n<p>\\n<\/p>\n<p><!--more--><\/p>\n<p>\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\"><p>\\n<\/p>\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">Polychain Capital doubled down and purchased another 141 <a href=\\\"https:\/\/twitter.com\/search?q=%24YFI&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$YFI<\/a> this week.<\/p>\n<p>\\n<\/p>\n<p>Polychain is now the 10th largest holder with 470 YFI (~8.5m) or 1.6% of the total supply. <a href=\\\"https:\/\/t.co\/QakHgbPmQC\\\">https:\/\/t.co\/QakHgbPmQC<\/a> <a href=\\\"https:\/\/t.co\/SeFXDOUIfO\\\">pic.twitter.com\/SeFXDOUIfO<\/a><\/p>\n<p>\\n<\/p>\n<p>\u2014 Mason Nystrom (@masonnystrom) <a href=\\\"https:\/\/twitter.com\/masonnystrom\/status\/1326383374194405377?ref_src=twsrc%5Etfw\\\">November 11, 2020<\/a><\/p>\n<\/blockquote>\n<p>\\n<\/p>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>\\n<\/p>\n<p>According to Nystrom, Polychain Capital has purchased a total of 470 YFI ($7.5 million at the time of writing). The DeFi token joined the fund&#8217;s assets alongside Bitcoin, Ethereum, Polkadot, Tezos, Filecoin and Maker.<\/p>\n<p>\\n<\/p>\n<div id=\\\"attachment_116312\\\" style=\\\"width: 823px\\\" class=\\\"wp-caption aligncenter\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" aria-describedby=\\\"caption-attachment-116312\\\" class=\\\"size-full wp-image-116312\\\" src=\\\"https:\/\/forklog.com\/wp-content\/uploads\/1-348.png\\\" alt=\\\"Crypto fund Polychain Capital invested in DeFi token YFI\\\" width=\\\"813\\\" height=\\\"385\\\" srcset=\\\"https:\/\/forklog.com\/wp-content\/uploads\/1-348.png 813w, https:\/\/forklog.com\/wp-content\/uploads\/1-348-300x142.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/1-348-768x364.png 768w\\\" sizes=\\\"auto, (max-width: 813px) 100vw, 813px\\\" \/><\/p>\n<p id=\\\"caption-attachment-116312\\\" class=\\\"wp-caption-text\\\">Data: <a href=\\\"https:\/\/messari.io\/screener\/polychain-capital-portfolio-6E2FF33B?utm_source=MasonNystrom&#038;utm_medium=replytweet&#038;utm_campaign=Polychain_capital_screener\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">Messari<\/a>.<\/p>\n<\/div>\n<p>\\n<\/p>\n<p>In the last 24 hours, YFI&#8217;s price fell 6.1%. The token trades around $16,000.<\/p>\n<p>\\n<\/p>\n<div id=\\\"attachment_116313\\\" style=\\\"width: 1034px\\\" class=\\\"wp-caption aligncenter\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" aria-describedby=\\\"caption-attachment-116313\\\" class=\\\"size-large wp-image-116313\\\" src=\\\"https:\/\/forklog.com\/wp-content\/uploads\/2-331-1024x394.png\\\" alt=\\\"Crypto fund Polychain Capital invested in DeFi token YFI\\\" width=\\\"1024\\\" height=\\\"394\\\" srcset=\\\"https:\/\/forklog.com\/wp-content\/uploads\/2-331-1024x394.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/2-331-300x115.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/2-331-768x295.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/2-331.png 1240w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><\/p>\n<p id=\\\"caption-attachment-116313\\\" class=\\\"wp-caption-text\\\">Data: <a href=\\\"https:\/\/www.coingecko.com\/ru\/\u041a\u0440\u0438\u043f\u0442\u043e\u0432\u0430\u043b\u044e\u0442\u044b\/yearn-finance\/usd#panel\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">CoinGecko<\/a>.<\/p>\n<\/div>\n<p>\\n<\/p>\n<p>In October Polychain Capital <a href=\"https:\/\/forklog.com\/en\/news\/polymarket-prediction-platform-raises-4m-with-polychain-capital-backing\">led<\/a> a round of financing for the Polymarket prediction platform with automated market maker technology. The project raised a total of $4 million.<\/p>\n<p>\\n<\/p>\n<p>Follow ForkLog news on <a href=\\\"https:\/\/twitter.com\/ForkLog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency fund Polychain Capital bought 141 yEarn Finance (YFI) tokens. This drew the attention of Messari analyst Mason Nystrom.<\/p>\n","protected":false},"author":1,"featured_media":31671,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1093,849,1869],"class_list":["post-31670","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-defi","tag-polychain-capital","tag-yearn-finance"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/31670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=31670"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/31670\/revisions"}],"predecessor-version":[{"id":31672,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/31670\/revisions\/31672"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/31671"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=31670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=31670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=31670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}