YF Link Token Price Grows Twice before AMM Launch

by in DeFi News

YF LInk price doubled

As the big launch of Linkswap automated market maker gets closer, the rate of the YFL governance asset grew twice.

At first sight, it seems that the token is aiming to repeat the success of Yearn Finance’s YFI token as generally DeFi governance tokens don't lose their popularity.

The YF Link token scored above 27% since Sunday hitting $1,000 for the first time since it reached $1,600 in September. Some traders believe the price will go much higher.

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Linkswap is a DeFi automated market maker designed for the Chainlink community to rival Uniswap. The creators of the protocol targeted "Link Marines", which are pretty excited about the project.

The AMM launches on November 25 and offers a variety of liquidity farms for multiple tokens that need to get friction in other sectors. There will be great benefits for LINK owners and big rewards in YFL which is driving market activity at the moment.