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20670583 No.20670583 [Reply] [Original]

https://twitter.com/LongShortFundin/status/1286860129246179331

FYI is DeFi's Bitcoin

>> No.20670645

>>20670583
You need just one YFI to make it

>> No.20670811

>>20670645
>ou need just one YFI to make it
this. all the top ethereum defi guys own some yfi

>> No.20670970

"Thread on the ponzinomics of $YFI, what drives it's fundamental intrinsic value and why YFI is a superior product with superior token economics compared to other DeFi tokens."

>> No.20670998

I bought 1 yfi. How do I stake it to make more yfi?

>> No.20671055

this is going to open the flood gates of defi and yield farming to the masses

https://medium.com/iearn/yearn-finance-v2-af2c6a6a3613

we're at July 2017 on this bubble; just wait till November when this turns into a blip

>> No.20671093
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20671093

>>20670998
>I bought 1 yfi. How do I stake it to make more yfi?
1. provide liquidity to y pool on curve.fi but don't stake your ytokens
2. take your ytokens to balancer and provide single asset liqutidy with them in the pool with ycrv and YFI.
3. take your BPT tokens to ygov.finance and stake them; need at least 1000 BPT
4. vote on a proposal on ygov.finance
5. stake YFI on ygov.finance
3. take

---------------

this is basically what you're doing with the extra step of voting and staking YFI for earnings rewards

>> No.20671105

i am using curve.fi and put in $800 to try it out. ive only made 0.01 YFI so far and its been a few days
what do

>> No.20671140

>>20670998
>I bought 1 yfi. How do I stake it to make more yfi?
you dont get more yfi for staking yfi. there will only ever be 30,000 yfi. when you stake your yfi you get paid real money

>> No.20671274

>>20670583
Can I buy a fraction, im a poor fag and can't buy a whole one

>> No.20671346

>>20671140
That can change. A majority of holders voted for inflation, but they didn’t have enough of a majority for it to go through.

>> No.20671416

>>20671140
So why should I hold it

>> No.20671450

>>20671274
>Can I buy a fraction, im a poor fag and can't buy a whole one
yeah, you can a fraction of it.

>> No.20671722

>>20670998
You get paid in yCRV, and right now to stake it you need to lock 1000 BPT but that might get changed in a proposal soon

>> No.20671751

>>20671105
I mean.. $35 or so on $800 over a few days is pretty damn good. In a month it could be 300-500

>> No.20672010

>>20671751
Guess where all the yields are gonna funnel to? I'll give you a clue, it rhymes with you are all "HOMO"s.

>> No.20672079

this went from 35$ to 3600$ in a week?

>> No.20672127

>>20670583
I've got to say though UX with this one is absolutely fantastic, couldn't be any smoother, normies will love that!

>> No.20672252
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20672252

>>20670583
>>20670645
>>20670811
>>20670970
>>20670998
>>20671055
>>20671093
>>20671105
>>20671140
>>20671274
>>20671346
>>20671416
>>20671450
>>20671722
>>20671751
>>20672010
>>20672079
>>20672127
>Andre Cronje made YFI
>Andre is working with Fantom
>Andre made Fantom Finance (fUSD)
>fUSD on YFI github
>Minting fUSD will be able to earn YFI
Are you all on on Fantom yet?

>> No.20672480

>>20670583
Statera is the new yfi.

>> No.20672794

>>20671093
I need tons of stable coins to do actually farm YFI, though, don't I? If it's a 98:2 rate. Sorry am brainlet. If I don't have tons of capital, I am better off buying YFI instead of farming, right?