Next big DeFi play

[Anonymous No.20496747]

>$109 million TVL
>$5 million market cap
>not listed on defi pulse yet
>lending protocol
>margin trading with up to 1000x leverage
>swap protocol
>liquidity protocol
>liquidation protocol
>more coming

All in one platform. All fees go to YFI holders.

Read more here: https://medium.com/iearn/yfi-df84573db81

[Anonymous No.20497112]

>>20496747
>over $1.2k per token
I'm poor, anon.

[Anonymous No.20497147]

>>20497112
Hopefully you can get a dip to fill your bag. All you need is one with a 20,000 max supply.

[Anonymous No.20497192]

Shit's gonna fly

[Anonymous No.20497193]

it says nowhere that yfi holders will collect fees

[Anonymous No.20497210]

>>20497193
Voting on it rn.
2 options:

1. Stake YFI to get fees
2. Burn YFI to get fees

Look into it

[Anonymous No.20497231]

>>20497193
https://defirate.com/yfi-governance-token/

[Anonymous No.20497301]

>>20496747
This coin is BEYOND overvalued for the fees it generates. A coin is 1,200$ yet there are only 7,000$ in fees to collect split between 20,000 coins. Thats not even a dollar per coin.

This is a straight up moneygrab capitilizing on the DeFi bullrun. No wonder, its made by Andre Cronje the fantom scammer. This and Fantom are straight up moneygrabs. Do not fall for the shilling.

[Anonymous No.20497306]

>>20497231
>https://defirate.com/yfi-governance-token/
>>20497210
ty but rn adai is a fucking minnow compared to yfi. why would anyone burn them?

[Anonymous No.20497331]

>>20496747
What marketcap are we targetting here? Can it hit 50-100 million this year?

[Anonymous No.20497409]

>>20497301
Fees have been $60k per week. Only 4240 circulating. That’s $14 per tokenized week.

[Anonymous No.20497503]

>>20497306
The staking proposal will win. It’s already way ahead in votes. So don’t worry about that.

>>20497301
$60,000 in fees per week. With 30,000 max supply (if proposal Loses). At current price that’s 10% APR. seems reasonable to me. Once they release 1000x leverage trading it the fees will just get larger. And that 60k per week was before it came into the lime light. It has a lot of room to grow. This platform literally has it all.

[Anonymous No.20497523]

>>20497331
$100 million should be easy if there are no bugs or big set backs

[Anonymous No.20497971]

>>20497503
where can we see results of polls?

[Anonymous No.20498058]

>>20496747
You know it’s made buy the guy working with Fantom right? Did you guys not see what this did in one day? Grab a bag of this and a bag of Fantom and you’re fucking set.

[Anonymous No.20498102]

>>20497971
Ygov . finance

Proposal 1:
For = continue minting YFI for liquidity rewards (180,000 votes)
Against = Stop minting YFI, cap supply at 30,000 (220,000 votes)

Proposal 2:
For = burn YFI for fees (5,000 votes)
Against = stake YFI for fees (190,000 votes)

Start governing boys we want to cap the supply at 30,000 and make this a staking model.

[Anonymous No.20498181]

>>20498058
Yeah I think this is a sneak peak of what fantom finance will look like. They will essentially have it all.

[Anonymous No.20498491]

>>20498102
Looks like the opposite of what you say

[Anonymous No.20498538]

>>20498491
What are you talking about. That picture affirms exactly what I said.

[Anonymous No.20498562]

>>20498491
>>20498538
he might be confused about proposal 1 being 0 and proposal 2 being 1

[Anonymous No.20498822]

>>20498562
>>20498538
my bad i am retard

[Anonymous No.20498842]

>>20498822
We all retards here fren

[Anonymous No.20498910]

>>20498842
so assuming you gain rewards based off staking your yfi; do these rewards come from each pool? and are the rewards calculated by REWARD/TOTAL_TOKENS= REWARD?

[Anonymous No.20498977]

The founder literally said the token is worthless. Buy MTA instead before it hits FTX next week.

[Anonymous No.20499259]

>>20498910
it seems like you stake something called curve.fi to get yfi, idk it says defi made simple but this is some confusing shit, but im partially retarded might be a reason

[Anonymous No.20499297]

>>20498910
The yearn.finance ecosystem earns rewards. These include, but are not limited to;
yearn.finance interest
COMP from compound
CRV from curve.fi
curve.fi/y trading fees
ytrade.finance leverage fees and liquidation bonuses
yswap.exchange underlying system fees
iliquidate.finance liquidation bonuses
system dust (unassigned interest or fees)

At any given point in time, YFI holders can claim their share of rewards by burning their YFI tokens. The amount redeemed is equivalent to the share being burned / total supply of the token. So if there is 1 aDAI in the conract, and 1 token, burning the 1 token will reward 1 aDAI.

[Anonymous No.20499371]

>>20499259
Yeah the UI isn’t very simple. They explain things in their medium article though.

You pretty much have 4 options:
1. Supply liquidity to y-pool on curve.fi
>earn CRV
>earn YFI
>earn interest
2. Supply liquidity to balancer pool
>earn BAL
>earn YFI
>earn trading fees
3. Supply liquidity on balancer to YFI-curve pool.
>earn BAL
>earn CRV
>earn YFI
>interest from y tokens
>trading fees
4. Straight up buy YFI and get fees from the protocol once the staking vote is complete.

I think option 3 is best rn because you stay in stable coins (essentially no risk) and earn rewards on three get defi platforms. If the price dips then straight up buy YFI. Or buy YFI if you think it’s undervalued.

[Anonymous No.20499402]

>>20499297
The fee model is changing to staking

[Anonymous No.20499794]

>>20498102
how do you know #0 proposal matches"proposal 1". Is Andre a fucking retard or something? Why's this so fucking rushed