/biz/ - Business & Finance

What’s a good initial stack before rebasing?

>>21312339
20 yams suicide imo

>>21312313
that's not a yam, it's a sweet potato

Why the fuck isn't this on the front page of Uniswap anymore when sorting by volume? Is Uniswap fucking us?

>>21312313
What does rebase mean?

this shit is hilarious

im riding these yams through several rebases

>>21312313
initiate ze binance academy fud

GET OUT WHILE YOU CAN

>>21313187
so we leave em in the yam.finance sc for the rebases?

>>21313651
or in your wallet, either will get the rebase. but the team just tweeted out that there's a bug in the rebase where the treasury would get too much yam, so they need to patch it. rebase probably wont happen for another day now.

F

>>21312313
I’m about to watch most of /biz/ fall for AMPL 2.0 aren’t I?

>>21313651
I don't know but that's what I'm doing for this one at least. Haven't read a truly 100% satisfying answer to that question while searching the last 6 hours. On their twitter they say that it happens whether on your wallet or if they are staked, but I honestly don't know about the ones that are being farmed.

>>21312313
only idiots will get exit scammed by this shit

>>21313765
Will that mean an extra day for collecting yams?

>>21313765

>>21313765
AAAAAAAAAAAHHHHHH I'M DOWN 50% IT'S FUCKING OVER

>>21314032
Why would you buy, and not farm?

>>21314274
How do I farm what do I do.

>>21314032
https://www.youtube.com/watch?v=04F4xlWSFh0

NOW the thread title is accurate, only real chads can stomach this risk and keep on farming. this is like the yfi fud last week before the binance listing.

>>21314312
https://yam.finance/farms/
YAM is worthless. Don't buy it. Farm it.

>>21312313
>rebase
did not age well

>>21314505
so if its worthless, why farm it?

>>21314550
You lack an understanding of the tokenomics, prepare to be IQ filtered

>>21314623
Spoonfeed me anon. Why use my precious tokens to farm this yam?

>>21314717

reminder that you need to harvest your yams before the rebase

>>21314830
These fucking gas prices are killing any gains I could have gotten holy shit.

>>21314830
false

>>21314830
no u dont

>>21314550
>>21314717
It has speculative value but fundamentally it's not worth what it is. Worthless isn't the word but w/e.
From what I was told the target price is $1 similar to AMPL
But you can literally farm it for free with zero risk (besides tx cost, which is high as fuck right now) so you'd have to be an idiot to take on the risk holding it when you can farm it for free and get your collateral back later in full.

>>21314505
That's what retards said about yfi and missed it, lmao

>>21314499
Checked, yams got protein dude

>>21314865
>>21314956
isn't the rebase cancelled today because of the bug?

>>21315009
>he doesn't farm

>>21315021
only if enough people vote, it's up in the air right now.

>>21314985
Or we take risks and aren't pussys.
t. 100 YAMs

>>21315021
rebase isn't cancelled. the bug starts after the initial rebase, which mints MORE yam than intended, and will go on unless people vote on it. In which there will be a 12.5 hour delay for the proposed fix to go into action.

Rebase is still happening.

>>21315109
I mean, go for it. I'm just saying you can literally farm free tokens.

>>21315156
Question: If the price goes down, does that mean the amount we yield will be higher?

Its going to recover by tonight. Screenshot this.

>>21315174
Yeah.... I know dude. Who said I don't farm as well

>>21314985
Thx anon.
>From what I was told the target price is $1 similar to AMPL
Why is it trading for $100+ then now?

>>21315644
Why was ampl price trading at $4? How'd that work out?

>>21314759
Where can I see the different pools?

>>21315644
It just came out, must be farmed by us to hit the market, and only about 45k in existence right now with a cap of 5mil i think. Big early rebases. Something like that.

>>21315783
https://yam.zippo.io/

>>21315644
because low liquidity, even the dev is telling people not to buy, fucking retards, lmfao
https://twitter.com/YamFinance/status/1293291325169819649?cxt=HHwWgoC7vfXm2PIjAAAA

>>21312313
fucking idiots
this shit is going to be sold into oblivion
it's worthless
who cares if you "mine" the shit out of it
it's 0 because no one's going to fucking buy it
even at $0.01
the stupid idiots are the ones that buy them at any price
if you want to play this game then just stake it and get the yam
and sell it for whatever price you can get

>>21315778
Do you know how rebases work?

>>21315783
thx anon!
>>21315797
so in theory it could be worth it to buy YAM now - if you think it will succeed as a project.
>>21315833
I assume you need to have a lot of liq locked to farm some yams?

Was the whole ampl and defi run today only because of YAM?

>>21316114
>so in theory it could be worth it to buy YAM now - if you think it will succeed as a project.
That's the gamble.

>>21316180
What is the YAM token used for?

>>21316235
Making $$$$

Really though, here. It's just a defi meme
https://medium.com/@yamfinance/yam-finance-d0ad577250c7
https://github.com/yam-finance/yam-protocol

>>21315797
how can it be elastic if it has a cap? this coin sounds more and more useless the more I learn about it

>>21313831
If by fall you mean early buyers make a 50x then dump on normies then yup

>>21315879
Fud harder so I can buy more YAMmiess