Yearn Merges With Cover, DeFi Protocol’s 4th Deal in a Week
Yearn is "joining forces" with market coverage provider Cover, capping a busy week in DeFi.
The combined company will be called "Bakkt Holdings" and will be listed on the New York Stock Exchange with an expected valuation of $2.1 billion.
A deal could be announced as soon as next week, the report said.
The acquisition bolsters NYDIG's data offerings as it continues to build out an institutional client base.
The lending fintech agreed to merge with SPAC Social Capital Hedosophia Holdings Corp.
Yearn Finance is eyeing yet another merger – only this time, the candidate, SushiSwap, has a larger market size than Yearn itself.