/biz/ - Business & Finance

15 here

You were warned.

$YFI is more than just a pioneering crypto project—it’s a movement, belief system, and vision for how the world could be that people want to believe in & be a part of—irrespective of price.

In this way, $YFI is transcending all other projects into something more like BTC & ETH.

$YFI is more than just a pioneering crypto project—it’s a movement, belief system, and vision for how the world could be that people want to believe in & be a part of—irrespective of price.

In this way, $YFI is transcending all other projects into something more like BTC & ETH.

Why no YFI thread?

> Binance will list yearn.finance (YFI) and open trading for YFI/BNB, YFI/BTC,
> We have confirmation of the YFI-ETH Chainlink Aggregator
>gauntlet and Delphi Digital have joined the YFI community to help develop economic Token model
>yVaults
> Something sexy coming out soon. Will up yield by ~400% new yVaults waiting to be deployed
> When $CRV drops today and everyone deposits to CurveFinance and TVL skyrockets
>only 30,000 tokens at 3B mcap thats 100k per YFI

https://www.learnyearn.finance/blog/link-vaults-crv

Yearn.Finance (YFI) is a quality of project that only comes maybe once every 1 to 2 years in crypto. Our vision is that eventually yStables will be used as the de facto settlement asset for all financial activity in crypto if not the world. Here’s an analogy. USDC is like keeping USD under your mattress. cUSDC is like putting your USD in a savings account at a bank. yUSDC is like putting your USD with a robo-advisor who then puts your USD in the highest savings account it can find and automatically rotates it to the best interest-bearing savings account across all the banks while charging you nothing. Currently, in the crypto space, stablecoins are used for transfers, margining, borrow/lending. They are used across DeFi and CeFi (exchanges and OTC). Anything USDT can do, yUSDT can do better. Why not trade FTX perps with yUSDT margin? Already FTX takes cUSDT as collateral. Why even have a BTC-USDT pair on Binance when you could have BTC-yUSDT? All that USDT OTC flow from China could be yUSDT. Lastly, why even borrow or lend DAI when you can borrow or lend yDAI (just think about that one). The implications are huge.

YFI is next. Do you realize what is happening? I have no fucking clue why chainlink OGs do not have the fattest stack and instead into DMG. Topkek literally YFI is leverages chainlink oracles.

“We have never been extremely happy with them no problems” (regarding chainlink oracles)

“You are fucking insane if you build your own oracles” - Andre Cronje

Yearn wouldn’t be possible without chainlink but this is changing finance forever. This is the biggest project I’ve seen since chainlink itself.

Yearn.Finance (YFI) is a quality of project that only comes maybe once every 1 to 2 years in crypto. Our vision is that eventually yStables will be used as the de facto settlement asset for all financial activity in crypto if not the world. Here’s an analogy. USDC is like keeping USD under your mattress. cUSDC is like putting your USD in a savings account at a bank. yUSDC is like putting your USD with a robo-advisor who then puts your USD in the highest savings account it can find and automatically rotates it to the best interest-bearing savings account across all the banks while charging you nothing. Currently, in the crypto space, stablecoins are used for transfers, margining, borrow/lending. They are used across DeFi and CeFi (exchanges and OTC). Anything USDT can do, yUSDT can do better. Why not trade FTX perps with yUSDT margin? Already FTX takes cUSDT as collateral. Why even have a BTC-USDT pair on Binance when you could have BTC-yUSDT? All that USDT OTC flow from China could be yUSDT. Lastly, why even borrow or lend DAI when you can borrow or lend yDAI (just think about that one). The implications are huge.

@AndreCronjeTech don’t let fear stop you from building and innovating. A lot of people that interact with your products have been in the space for a long time. They understand the risks. The risk is mutually accepted and we are on the same side.

Thank you.

Don’t get caught up in pic related. I’m really truly pulling for you. Yearn opened my eyes to possibilities I didn’t think were even possible.

P.S. thank you for using chainlink oracles I’m also a massive believer and passionate about that project.

>>20817824
Lmfaoooo the absolute state of fudders. It's over swinky, blue skies ahead now. See you at $10K

Yearn.Finance (YFI) is a quality of project that only comes maybe once every 1 to 2 years in crypto. Their vision is that eventually yStables will be used as the de facto settlement asset for all financial activity in crypto if not the world. Here’s an analogy. USDC is like keeping USD under your mattress. cUSDC is like putting your USD in a savings account at a bank. yUSDC is like putting your USD with a robo-advisor who then puts your USD in the highest savings account it can find and automatically rotates it to the best interest-bearing savings account across all the banks while charging you nothing. Currently, in the crypto space, stablecoins are used for transfers, margining, borrow/lending. They are used across DeFi and CeFi (exchanges and OTC). Anything USDT can do, yUSDT can do better. Why not trade FTX perps with yUSDT margin? Already FTX takes cUSDT as collateral. Why even have a BTC-USDT pair on Binance when you could have BTC-yUSDT? All that USDT OTC flow from China could be yUSDT. Lastly, why even borrow or lend DAI when you can borrow or lend yDAI (just think about that one). The implications are huge. YFI is a share of the network. There will only ever be 30,000 YFI in existence. 1 YFI could potentially be worth billions one day. There are only 1.6K YFI left on exchanges. Time is running out to get a 1 YFI make it stack.

YFI is a quality of project that only comes maybe once every 1 to 2 years in crypto. Their vision is that eventually yStables will be used as the de facto settlement asset for all financial activity in crypto if not the world. Here’s an analogy. USDC is like keeping USD under your mattress. cUSDC is like putting your USD in a savings account at a bank. yUSDC is like putting your USD with a robo-advisor who then puts your USD in the highest savings account it can find and automatically rotates it to the best interest-bearing savings account across all the banks while charging you nothing. Currently, in the crypto space, stablecoins are used for transfers, margining, borrow/lending. They are used across DeFi and CeFi (exchanges and OTC). Anything USDT can do, yUSDT can do better. Why not trade FTX perps with yUSDT margin? Already FTX takes cUSDT as collateral. Why even have a BTC-USDT pair on Binance when you could have BTC-yUSDT? All that USDT OTC flow from China could be yUSDT. Lastly, why even borrow or lend DAI when you can borrow or lend yDAI (just think about that one). The implications are huge. YFI is a share of the network. 1 YFI could one day be worth billions of dollars. Buy 1 YFI, never sell

YFI bros we're breaking out! The votes should be in soon along with V2.