DeFi traders blame YFI cost collapse on shorting by Alameda …

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DeFi traders blame YFI cost collapse on shorting by Alameda Research
Why is Alameda shorting YFI?Throughout the previous week, numerous reports emerged that Alameda Research has a brief position on YFI.Alameda, which explains itself as a quant trading company, is acknowledged as one of the most effective crypto trading companies. In November 2019, Bloomberg reported that Alameda helps with 5%of the cryptocurrency market volume, trading up to$1 billion daily.On Oct. 11, SBF validated on social media that Alameda does have a brief position on YFI. According to SBF, Alameda positioned a net 200 YFI brief position.

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