/biz/ - Business & Finance

"iearnfinance’s conception of “strategies” will be the next big primitive in DeFi

Aggregator gov tokens control what “strategies” capital is allocated to, which protocols the strategy puts capital into, and how strategy creators are compensated

This is something new

Valuation of YFI tokens will ultimately be based on the downstream fees the aggregator controls via capital allocation to strategies

DeFi protocols will need to own YFI gov tokens, and be writing compelling strategies, in order to be competitive/direct capital flow

On the strategy creator side, there will be an explosion of creativity as traders can now open source a trading strategy, specify their profit %, and deploy with $10Ms of capital

They will also need to own YFI gov tokens to have a seat at the table

We bought/mined a bunch of YFI over the past week

We will be focusing on writing compelling strategies for Synthetix/Curve/Aave/Futureswap, protocol housekeeping, and above all, maximizing value for YFI holders

We are v excited"

"iearnfinance’s conception of “strategies” will be the next big primitive in DeFi

Aggregator gov tokens control what “strategies” capital is allocated to, which protocols the strategy puts capital into, and how strategy creators are compensated

This is something new

Valuation of YFI tokens will ultimately be based on the downstream fees the aggregator controls via capital allocation to strategies

DeFi protocols will need to own YFI gov tokens, and be writing compelling strategies, in order to be competitive/direct capital flow

On the strategy creator side, there will be an explosion of creativity as traders can now open source a trading strategy, specify their profit %, and deploy with $10Ms of capital

They will also need to own YFI gov tokens to have a seat at the table

We bought/mined a bunch of YFI over the past week

We will be focusing on writing compelling strategies for Synthetix/Curve/Aave/Futureswap, protocol housekeeping, and above all, maximizing value for YFI holders

We are v excited"

YFI is DeFi's Bitcoin (it has nothing to do with Fantom). Only 1.6k left on exchanges. Time is running out to get 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.

>>20769679
I've literally gone all in on it

yStables will be used as the de facto settlement asset for all financial activity in the world. YFI is a share of the network. There will only ever be 30,000 YFI. 1 YFI = make it stack

yStables will be used as the de facto settlement asset for all financial activity in crypto if not the world.

Anyways I'm off, gonna bump it for all the high IQ biz bros out there

>>20750051
He just pumped my YFI bags, thank you Andre

>>20744893
help....me...b-bros

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.

we're gonna make it bros

>>20703966
Most will never understand it, a bit like Ample

Did you buy the dip Anon?The pullback is over, next stop $10k.

Soon to come:
CoinMarketCap listing
Every major exchange listing
YFI V2

yfi is a new paradigm

>>20695189
>Biz is so fucking retarded, even when all the major players in crypto are holding it biz are still unsure of whether to buy in or not
this. kek