/biz/ - Business & Finance

YFO
1000 tokens max supply, 200 circulating
100k market cap
Most importantly, an actual rugpull-proof mechanism, since the token owners of YFO own the code. Changes to the blockchain, no matter if it's changing the initial liquidity, minting new tokens, or changing functionality of the contracts, require a community vote, where the majority of token holders decide the outcome.

Yearn Flexible Organization (YFO). A simple use case for DFO's

This is a decentralized flexible organization (DFO), a.k.a. a more decentralized DAO. Here, the token owners ARE the devs. Passing a vote is the only way to push new code. If you haven't heard of these, I suggest looking into them, they are game-changing.

Now, the token owners of YFO own the code that controls a pooled index fund. There are currently 200 circulating coins out of 1000 total, the rest are locked in a vault.

Every week, the vault sells 30 of its YFO to buy an index fund (eth, yfi, yfii, yflink, yfbeta, yfvalue). So, the value of YFO at the time of each of these buys is replaced by equivalent value of the index fund.

In about 3 months, there will be enough circulating YFO to reach a majority vote, at which point the owners can make changes, including which tokens are part of the index fund, the name of the token, what to do with the index fund (become a community owned vc) etc.

We can also vote to implement new utility deriving from dfo microservices (look into unifi, arte, buidl)

This is one of the simplest use cases of a DFO and it is actually pretty powerful. Right now, one of twenty vault purchases have occurred. The higher the price of the coin, the larger the index fund backing it. With actual control of this via true ownership (dfo style voting), there is intrinsic value that is at least equal to the vault value, as the owners could in principle vote to distribute the vault among themselves.

etherscan:https://etherscan.io/token/0x34F7Be81679F8ee497014DE298aABfddf83b0A84

staking:https://dapp.dfohub.com/?staking=0x9eE32b1c5437f60c15641CCD54FE61c9f65C81E4

YFO - Yearn Flexible Organization

This is a decentralized flexible organization (DFO), a.k.a. a more decentralized DAO. Here, the token owners ARE the devs. Passing a vote is the only way to push new code. If you haven't heard of these, I suggest looking into them, they are game-changing.

Now, the token owners of YFO own the code that controls a pooled index fund. There are currently 200 circulating coins out of 1000 total, the rest are locked in a vault.

Every week, the vault sells 30 of its YFO to buy an index fund (eth, yfi, yfii, yflink, yfbeta, yfvalue). So, the value of YFO at the time of each of these buys is replaced by equivalent value of the index fund.

In about 3 months, there will be enough circulating YFO to reach a majority vote, at which point the owners can make changes, including which tokens are part of the index fund, the name of the token, what to do with the index fund (become a community owned vc) etc.

We can also vote to implement new utility deriving from dfo microservices (look into unifi, arte, buidl)

This is one of the simplest use cases of a DFO and it is actually pretty powerful. Right now, one of twenty vault purchases have occurred. The higher the price of the coin, the larger the index fund backing it. With actual control of this via true ownership (dfo style voting), there is intrinsic value that is at least equal to the vault value, as the owners could in principle vote to distribute the vault among themselves.

etherscan:https://etherscan.io/token/0x34F7Be81679F8ee497014DE298aABfddf83b0A84

staking:https://dapp.dfohub.com/?staking=0x9eE32b1c5437f60c15641CCD54FE61c9f65C81E4

YFO - Yearn Flexible Organization

This is a decentralized flexible organization (DFO), a.k.a. a more decentralized DAO. Here, the token owners ARE the devs. Passing a vote is the only way to push new code. If you haven't heard of these, I suggest looking into them, they are game-changing.

Now, the token owners of YFO own the code that controls a pooled index fund. There are currently 200 circulating coins out of 1000 total, the rest are locked in a vault.

Every week, the vault sells 30 of its YFO to buy an index fund (eth, yfi, yfii, yflink, yfbeta, yfvalue). So, the value of YFO at the time of each of these buys is replaced by equivalent value of the index fund.

In about 3 months, there will be enough circulating YFO to reach a majority vote, at which point the owners can make changes, including which tokens are part of the index fund, the name of the token, what to do with the index fund (become a community owned vc) etc.

We can also vote to implement new utility deriving from dfo microservices (look into unifi, arte, buidl)

This is one of the simplest use cases of a DFO and it is actually pretty powerful. Right now, one of twenty vault purchases have occurred. The higher the price of the coin, the larger the index fund backing it. With actual control of this via true ownership (dfo style voting), there is intrinsic value that is at least equal to the vault value, as the owners could in principle vote to distribute the vault among themselves.

etherscan:https://etherscan.io/token/0x34F7Be81679F8ee497014DE298aABfddf83b0A84

staking:https://dapp.dfohub.com/?staking=0x9eE32b1c5437f60c15641CCD54FE61c9f65C81E4

damn thing, all it does its dump to hell

surely the bottom must be in or am i fucked anons?

Saw YFO being shilled here for a couple of days and I ignored it. Now that it’s finally in a dip, I can accumulate!

WHAT THE FUCK WAS THAT? did you buy the dips anons?

fucking scams, riding the Y coin wave, scam just like dfo

whos gonna buy a ghost coin and whos gonna buy another y coin

hate these kids do they really think its gonna pull another bast?

how do I stake this??!!! There’s nothing on their website!!!