/biz/ - Business & Finance

i dont even have any yfv because its a farm and dump token for now. but fuck me people like you regurgitating boring shit like this have killed biz. think for yourself or kys.

>>23035877
Value? New coin you say? When moon? Im going all-in baby

>>23035877
>877▶>>23037099
>SHITCOIN PSA PLEASE READ

Can't wait to farm this and dump on the delusional holders. They've already paid for my roadster. Thank you YFV buyers I love you.

>>23035877
the YFV team burned the YFV token minting keys to show the public how they won't mint more tokens but then went "nevermind gaise" and swapped to the VALUE token so they can have the keys again and mint new tokens. a really pathetic and shameful pajeet "project"

>>23037224
Whatever just keep farming it for free money.

>>23037261
what do you farm it with?

>>23037291
USDC.

50% APY is amazing. Making almost 20k a month right now pretty much risk free as exposure is only 2% YFV.

On a serious note though. Value is almost like a new coin because it has entirely different tokenomics than YFV, and also some new features with it.
IYKYK

>>23037322
you casually have $500k sitting in YFV? is the risk really so low when at 2% YFV? i'm considering putting in some LINK, the LINK/YFV pool is also 98/2 and 75% APY, would that be a retard move?

>>23037365
>>23037365
I've been farming with LINK, YFI and LEND for weeks

>>23037499
surely the contract is audited right? i think i'll go in, if i lose my linkies i'll just get the rope

>>23037365
It's a larp, and low energy fud.
Why would anyone making $20k a month try to shit on the project that rewards him with such great profits.

>>23035877
Please pump this to $30 PLEASE

>>23037547
what would his goal be from making that kind of post though?

>>23037563
They've been trying to kill the project for weeks now.
>don't buy, it's a farmed shitcoin!
>i'm making so much money off you dumb bagholders
>the team created value just to farm and dump more on you dummies!
>don't look at the entire ecosystem being built around it, it's going to $0 !!!

>>23037636
Nah tbf it is a farm and dump shitcoin.

>>23037661
Tell me why you bought it then?
Are you dumb?

>>23037636
what are you talking about dude? do you even understand the purpose of YFV and what it does? he's shilling me into starting to LP on YFV which would be a good thing for the YFV ecosystem

>>23037734
I'm not involved at all, but he's clearly trying to manipulate people to not buy the coin.
Why would you farm something and then want the price to fall?
Are you too fucking stupid to read between the lines?

>>23037818
because that's not the point of the YFV token? are you still stuck in 2013 and think all tokens are like bitcoin, litecoin, dogecoin and other cryptos whose only use cases are to be transferred between people?

>>23035877
Why would you even make a thread targeting this specific coin which aims to compete with balancer, when you can open any page of coingecko and find 50 worse ones to warn your fellow /biz/ anons about?

>>23037845
I don't think you know the point of the token, farming is due to end in a couple of weeks, why are people so desperate to stop others buying it now? Where was the warnings when the price was over $50 ?

>>23037891
Because /biz/ is unironically full of nonwhite retards. They only care if a coin moons or not. If it moons they love it, even if it's the sketchiest piece of shitcoin ever. If it doesn't moon they hate it even if it's legit as fuck.
This isn't mooning so they hate it. Really though this board devolved into a fucking Casino

>>23038097
You're right, the entire board stinks of curry lately.

>>23038296
The curry smell is coming from your heavy bags of YFVindaloo.

>>23037713
I thought it still had some life left in it. You sold me your bags probably

>>23038326
I don't hold any, I'm seriously looking into it though.
The only people I see mad about it where it is currently are street shitters that bought the top, that now want a token burn because they think it will make their 20 coins more valuable lel

>>23038415
Please buy and save my bags sir do the needful

just put in 0.5 YFI into the YFI/YFV 98/2 pool, gonna monitor it for a bit and then maybe put some LINK into the 98/2 pool as well

>>23038362
Anything with such an active fud campaign against it still has life in it.
You don't see people wasting their breath to fud dead coins.

>>23038498
why are none of the anons in here using referrals fuck plz guys do the needful
https://yfv.finance/?a=2GcuYZcL22f1gxk79ASVBZyTL5Ma

>>23038621
you are a curry nigger

>>23038498
>made $0.2 in these 10 minutes
guys... it's real... i should have done this sooner

>>23038714
Congrats, you finally made it past the FUD fren.

>>23038887
what happens when VALUE farming ends though? i saw that once all the VALUE is minted the farming will be over, if you don't mind spoonfeeding, will everything stay the same except it will pay out in stablecoin?

>>23038944
https://medium.com/@yfv.finance

>>23039011
i'll read up on it fren thanks. we're gonna make it

>>23038944
The balancer pool tokens will be automatically converted to Value Liquid without any input necessary from the user, and according to the medium article the LP's for the Value Liquid pool will automatically get their desired farming token.

>>23039029
Phase 4 of the roadmap should answer your question specifically.

>>23038714
I've been doing this for a few weeks
I send my money to work now instead of going to work myself

>>23039072
thanks for the spoonfeed anon

>>23039074
how sustainable do you think it is?

>>23039086
Not sure what happens after the tokens finish getting minted, somehow they keep the farmers in the pools I guess?
I guess they'll reward farmers with anouther token like vusd or veth? thats a bit of a grey area for me

I personally think yfv's more sustainable then any other protocol i've found. I was playing around with Yield-farming.io but I don't think thats sustainable long term, good returns aswell though. worried that yield farming io is going to zero or something desu so I only use yfv now

Not sure how sustainable it is

>>23038056
>>23037891
>>23037818
>>23037636
So their price target is $1?
4? 2? What do you guys think....
Honestly if they FUD & Dump it down to 1$, tons of ‘Jeets would sell along the way. Then $1 buy in would be so fucking good before a rocket ship to $100

>>23039181
i'm seriously itching to put more into YFV, currently i'm farming around 25% of my total wallet(of the YFV-farmable tokens), how much % are you in?

>>23039213
I don't think it goes below $5 it's been stable lately.

>>23039245
I put in like 3500 link and I'm literally getting $70 a day at the current price of YFV, which is crazy as fuck considering it already was at $75 too.

>>23039369
aren't you scared of getting rekt? is that an insignificant part of your stack?

>>23039641
Nah not really, YFV and Link are both at a low point and TVL is high rn. And it's all of it lol. This is going better than almost getting rekt on bzx (fulcrum) when it was hacked for mills recently and also being in YFI's vault which had its APY go to basically zero because of the strategy going to shit.

>>23037322
>>23039641
And it's like this anon mentioned as well, you only need to be 2% into YFV so it's not like I would lose much if it all went to shit anyway lol

>>23039761
>>23039802
yeah that's what I'm thinking too, I have another 5k LINK I could put in but I'm nervous, impermanent loss isn't the only risk there's also the smart contract exploit risk which would in theory drain you of all of your linkies

>>23039924
Yeah I already kind of experienced the latter with bzx, which touted itself as the most audited dex (lmao so much for that), but thankfully the hacker was found and gave the stolen funds back. YFV is getting audited now too, and it has been going well so far, so I'm hopeful for the time being.

>>23039924
I also just saw that YFV has implemented an insurance method like bzx did too, so that's at least a little more peace of mind and let's me just worry about IL as the only problem...

>>23040035
don't you think it's kinda too good to be true at 1.5% weekly? at 98/2 it's really seemingly risk-free as far as IL is concerned

>>23040152
I'm really getting paid at that rate as we speak and it's held up so far for the few days I've been in it. I know that there will be a migration soon so I do expect the rate to be different after that, but if they can deliver what they promise then I think it can only go up from there...

>>23037365
I make about 11 and change VALUE a day on 4K Link added to the balancer pool. I'd put in more but I can't deal with the 2% exchange to YFV and you know how Link marines never sell and all that jazz. I'd throw in more to hit 10K if I could buy back more stinky linkies to that would have been converted to YFV or potentially lost due to slippage.

>>23040152
If anything YFI's rate since inception of like 30 something percent was what was too good to be true since like I mentioned, that rate went to shit quite recently lol

>>23040207
>>23040241
you're right, fuck it I'm going all in tomorrow, if i lose my linkies i will unironically just get the rope so it's a win-win, no wagecucking for me in either case

>>23040225
I feel you on that man, have 3500 in it myself and the slippage has been alright for now, regardless in the short term the upside for Value seems much better than Link so that makes me a little less worried desu

>>23040288
Lmao nice, we are all gonna make it one way or another. I also have the all or nothing attitude which is why I was willing to hedge this risk too.

>>23037499
Wouldn't your YFI be fucked since the price is going down while it's staked?

>>23040335
Balancer will trade his loss in YFI for more YFV automatically, so in his case he's gonna probably get a load of YFV to cover for that loss lol

>>23040035
Any chance you could provide more info about the insurance?

>>23040225
You can convert YFV to Value on the site as I’m sure you know

>>23040557
Yeah, it's under number 4 here
>https://medium.com/@yfv.finance/yfvalue-vision-mission-a8282bdc7b63

>>23040584
The issue for me is getting my Linkies back, but I'm on the bandwagon with anon here >>23040299 that YFV might bring in higher returns than Link so I'm gambling on staying in YFV/Value as opposed to converting my farmed VALUE into Chainlink every other week.

>>23040858
Yep, I am also interested in seeing what they will be doing for the staking of VALUE itself, so it's good to have options at least...

ITT: a complete and total LARP to attract new bagholders.
t. bagholder

>>23041399
Let me guess? You bought the top? At least this will do something so it's not all that bad, it could be worse like bzx for example lol

>>23041469
>quick, SHUT HIM UP
>DONT LET THE GOYIM KNOW
>*sound of hands rubbing like sandpaper*

>>23041542
I bought at $60. I can sell and get back my investment at the moment if I were to sell off my profits from farming. Some of us are committed to this project fren.

>>23041542
Suit yourself lol, I'm just being realistic. This is crypto after all so you have to be ready for anything in the end

>>23037365
Yup, cashed out my gains from YFI and just farming while I wait for the next big thing. I would be more worried about LINK decreasing in value than YFV in that pool. The contracts audited though so no worry for that.

>>23037547
Because I don't care, I've made it already. When this gets farmed to death I will move to the next one. I am not invested in the project; I just see yield and take it. Farmers life is easy.

>>23038520
This desu