/biz/ - Business & Finance

>>23792356
Yfi
Harvest
Pickle

Hedge funds on a smart contract. Harvest and pickle especially have an outsized price/earnings ratio. Extremely undervalued for the kind of earnings they generate for their stockholders (i.e. token holders)

>>23792356
chainlink

the token's value is a reflection of the definitive truth being communicated between data providers, chainlink nodes, and blockchains

>>23792378
Can you please give a one sentence value prop for each. As I understand it yfi does literally nothing at the moment, it's just governance.

>>23792380
We all hold LINK already. This thread is about DeFi systems, LINK is more just infrastructure and everything had been said and everyone that will buy have bought.

If you want DEFI exposure you might to look at the defi pulse index

https://defipulse.com/blog/defi-pulse-index/

you can buy it on uniswap

>>23792422
I'm looking for value propositions. Prices in this market don't reflect fundamentals since it's so hype driven. Investing in an index in a market like this is just begging to underperform long term as memes die off.

Governance is literally the greatest value proposition, it is the mother of value propositions: it’s so early and the governance tokens for aave, uni and comp can vote for example for redistributing platform fees (already happening) or any fucking thing under the sun

>>23792356
Defi tokens are all used only for governance, they are totally useless.

All DeFi platforms can work without the tokens. If you look for a long term value and not speculative one, you better invest in a token that actually powers a platform like LINK or ATOM.

>>23792538
To make a governance proposition, you have to stake tokens that can be slashed to avoid proposition spamming. Therefore, once the "business model" of the platform will be well defined, governance proposition will no longer be created and the token will become not valuable anymore

>>23792538
Voting to redistribute fees will make people move to another platform unless there is a moat. UNI has a liquidity moat, but people have jumped to other DEXs before (idex and delta used to be the main ones). I don't buy governance being as valuable as you say, UNLESS there is something that will keep the users there indefinitely. You say we're early, this also means the situation changes fast. Many of the big platforms today will be abandoned.

>>23792591
Is this the case for all of the ones mentioned in the OP? I think maker at least gets some fees, and DAI is so established now I can see it staying the standard stablecoin for the forseeable future. No idea about how the price relates to fees collected though.

>>23792356
check INJ which will be used for governance in injective dex as well as for liquidity mining

>>23792911
What's their liquidity bait? How will they displace UNI?

No, they dont.

>>23793065
derivatives are holy grail of traditional finance and it's coming to crypto too that's what makes inj sexy
also uni doesn't provide derivatives yet

Vox

>>23793681
Looks pretty interesting from the site. How does it compare to SNX? I understand it's L2. Will it be able to track literally anything from, say sp500?

>>23793701
Put some effort in the shill m8. Even just a few sentences and why the token has value.

$BEAM launching a privacy defi ecosystem this month. Not on Eth mimble wimble protocol. They have an algorithmic private stable coin and confidential assets. Atomic swaps with Eth and btc.

>>23792391
Harvest and pickle entitles you to 30% of the profits they make from their depositors.

In exchange for the 30% take, depositors get their principal deployed to the best yield farm at any given time, auto-compounded (saving gas), and as an extra incentive, get sprayed with FARM and Pickle.

Think of them as a high dividend stock. Right now harvest distributes about 28M of profits to FARM holders via their profit share pool. Same deal with Pickle but they earn about half that.

>>23793936
Why would anyone use this over a similar project/fork that only takes the bare minimum in fees to cover gas for pooled transactions, long term? I understand farming protocol tokens is a meme right now but I don't foresee it staying like that

$BEAM is at least a 10x this month with Beam X release

>>23794166
>>23793894
Kill yourself brown pajeet shill

>>23794444
White man shilling a gem you neckbeard slob

Be save and buy Defi++ from PieDAO or DPI.

>>23794576
Make your own thread for shilling your shitcoin instead of spamming.

>>23793988
Because, the FARM and Pickle emissions are worth more than the take (this because the market value of those tokens price in future earnings and appreciation) so even in pure ape APYs, you're better off staking your UNI LPs in Harvest or Pickle rather than directly on UNI.

Farm is also unique in that the way they do the profit share is by using the 30% take to market buy FARM tokens and distribute it to the profit share pool. Meaning, all else being equal - FARM will progressively to go up in value as long as there is TVL to earn the yields.

>>23792356
You dumb fuck you dont buy their token. You earn them by staking.

>>23794687
You earn very little from staking on their platforms. You stake because you get utility out of it, not to farm them.

If you really feel like you must farm them then you're better off staking at a higher apy yield farm and using the yields to market buy those tokens.

>>23794645
Lemme see if I get this correctly, it doesn't seem sustainable to me.
>I put money in harvest
>this money brings in yield by putting it in various protocols, lets call this Y
>I get 70% of Y
>30% of Y is kept and redistributed uniformly to FARM holders using buybacks
>I also get some FARM for having my money in there
The value of FARM then should be based on the 30% Y that they take from users. This would disadvantage (compared to an identical system w minimal fees) new users since they hold little FARM, being new users?

>>23794612
>>23794576
kek, kys

>>23794986
defi = ponzi
it will get banned anyway. imagine govs letting finance games without kyc/aml

>>23795323
well yeah I agree about the farms, as I understand it they're pretty much ponzis. defi in general isn't a ponzi, giving someone a collateralized can in no way be construed as such.

BSV isn't going to happen faggot

>>23792378
why would you call these hedge funds? they're just yield farms

YFL, stinky linkies 3x rewards coming soon, mad money for LP

>>23794645
>protocol buys tokens from the pool
>gives them to stakers to sell back to the pool
>this creates price appreciation
yeah, no

I've been farming a small but steady amount of Jiaozi. So far it seems solid and is currently very cheap, easy to snap up a decent sized bag for little investment.

>>23796654
>Please include why you think the >token< will gain value
Can you retards please read the OP. Farming tokens have no inherent value.

>>23792380
>definitive truth

>>23792356
Better look at early DeFi shit like Deus.Finance
Literally x200 till SNX mcap.

>>23792356
JusDefi desu
>liquidity lock
>non-anon devs
>contract key burn
>Wyoming LLC
>third party professional audit
> governance on unstaking
>maximum supply: 32,000
>LE supply: 10,000
>rugpull victim locked airdrop: 10,000
>initial liquidity pool: 10,000
>team tokens: 2,000
The token burn is insane and the liquidity event isn't even over
https://jusdefi.medium.com/

>>23798140
Shut the fuck up I said no clones