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/biz/ - Business & Finance

File: 17 KB, 765x305, YFI.png [View same] [iqdb] [saucenao] [google]

Anonymous Fri Jul 24 22:09:18 2020 No.20667046 [Reply] [Original]

This will unironically enter the top 10 earlier than Link and end up with a >$100k value per token.

>>	Anonymous Fri Jul 24 22:10:43 2020 No.20667076 >>20667046 You're thinking of Tellor, actually.

>>	Anonymous Fri Jul 24 22:16:00 2020 No.20667185 >>20667046 Link is already in the top ten

>>	Anonymous Fri Jul 24 22:18:40 2020 No.20667234 >>20667185 On coingecko maybe. Correction then: Top 5. Circulating supply, only.

>>	Anonymous Fri Jul 24 22:29:55 2020 No.20667463 guys, i know this will get to 10-20k soon, but what is the long term potential? it seems like fyi will be the standard. can it get to a trillion dollar marketcap?

>>	Anonymous Fri Jul 24 22:36:05 2020 No.20667590 >>20667046 sorry im very low iq can you explain what it does?

>>	Anonymous Fri Jul 24 22:37:36 2020 No.20667624 File: 8 KB, 658x280, untitled.png [View same] [iqdb] [saucenao] [google] Imagine not having a suicide bag on Andre's wild ride

>>	Anonymous Fri Jul 24 22:40:24 2020 No.20667670 File: 18 KB, 650x435, 666.jpg [View same] [iqdb] [saucenao] [google] >>20667590 >sorry im very low iq can you explain what it does?

>>	Anonymous Fri Jul 24 22:41:26 2020 No.20667684 >>20667624 >Imagine not having a suicide bag on Andre's wild ride i got a 10 yfi make it stack

>>	Anonymous Fri Jul 24 22:47:50 2020 No.20667799 >>20667684 37 here checking in. Is this going to crash as the fudders suggest or am I a future whale? Should I ever even sell this thing? Maybe take profits at $100k each?

>>	Anonymous Fri Jul 24 22:48:51 2020 No.20667825 #1 on CMC and CoinGecko EOY?

>>	Anonymous Fri Jul 24 22:49:53 2020 No.20667840 >>20667046 wtf is this shit? It came out of fucking nowhere

>>	Anonymous Fri Jul 24 22:53:15 2020 No.20667906 File: 306 KB, 3072x3072, ZYDJnpk.jpg [View same] [iqdb] [saucenao] [google] Literally dumping RN. Enjoy the ride down and bow to your real king. Kek.

>>	Anonymous Fri Jul 24 22:58:11 2020 No.20668008 What the fuck is it? I went to the website and it was nothing but like 5 different colored buttons...

>>	Anonymous Fri Jul 24 23:00:35 2020 No.20668060 >>20668008 it's a ponzi scam that nobody knows how it really works, they're just praying you buy higher than they did

>>	Anonymous Fri Jul 24 23:01:23 2020 No.20668079 >>20667076 This.

>>	Anonymous Fri Jul 24 23:02:16 2020 No.20668099 >>20667046 Why is this shit so valuable I don't get it reeeeeeeeeeeeeeee

Anonymous Fri Jul 24 23:02:18 2020 No.20668101

>>20668008
I've been researching this shit for like 3 days and I still don't know what the fuck it does.

Only thing I can work out is half the buttons on the website are broken, there's like 3 different websites and it "may" put your money into places that get the best return in the defi space currently.

>>	Anonymous Fri Jul 24 23:04:09 2020 No.20668138 File: 107 KB, 767x365, Capture.png [View same] [iqdb] [saucenao] [google]

Anonymous Fri Jul 24 23:16:56 2020 No.20668412

>>20667590
yearn has a system that can choose the best APR among the several different lending protocols. For example, say DAI has an APR of 5.2% on aave and it has an APR of 3.2% on compound. Yearn will switch the DAI to lend on aave. Always giving you the highest lending rate. Eventually no one will directly use aDAI or cDAI or whatever DAI you have, they will just hold yDAI and that will pick the one with the best rate continuosly.

So what happened is curvefi made a pool of yDAI, yUSDT, yUSDC, and a few other stable coins. This pool earns fees between trading of the stablecoins (kinda like balancer), but is also continuosly recieving interest.

This pool is represented by yCRV. DUSD is a stablecoin that will use yCRV as collateral, kinda like maker. But in maker, borrowers have to pay to borrow DAI. In this case, since yCRV is always generating interest, they are making money while borrowing DUSD.

This will make it so that you can always earn interest no matter what you are doing. Wether it be taking out a loan with collateral or using it for leverage trading.

YFI has a whole suite of DeFi tools coming out and its one of the most decentralized tokens in crypto. This thing will be huge.

>>	Anonymous Fri Jul 24 23:21:18 2020 No.20668493 >>20668412 What is the liq risk if I put my stinkies in a yVault in v2?

>>	Anonymous Fri Jul 24 23:21:22 2020 No.20668498 Of course I bought right before the dump holy shit. However I think it’s just due to the de urbity audit so it should recover.

>>	Anonymous Fri Jul 24 23:23:21 2020 No.20668532 >>20668412 ohhhhhh thanks i actually understand thank you

>>	Anonymous Fri Jul 24 23:23:32 2020 No.20668538 >>20668412 They still haven't released too much on how yVault v2 works. As always though there are risks associated with using smart contracts.

>>	Anonymous Fri Jul 24 23:23:44 2020 No.20668540 >>20668498 you'll be fine

Anonymous Fri Jul 24 23:23:52 2020 No.20668541
File: 58 KB, 591x1280, IMG_20200724_232100_798.jpg [View same] [iqdb] [saucenao] [google]

Lol, this is the first time I've come on Biz since I got my 1.7M fantom. If you guys can't see what Andre is planning, you aren't going to make it no matter how much capital you earn. Let me give you anons a little hint;

Andre is the chad behind Yearn. His love child is fantom. It's going to kill ethereum.

This entire thing has been to set the stage for his real project, which is fantom. The plan is to launch Fantom Finance, and to port Yearn over to the fantom network while it has the center stage for all of crypto. This project is cool, but it's a stepping stone for larger plans. What do you think people are going to do when he shows everyone they can do everything they've been doing on Yearn, but 1 million times cheaper and hundreds of thousands of times faster?

The stage has been set. The moon season has begun. Hope you guys picked your seats well ;)

Pic related is a taste.

Anonymous Fri Jul 24 23:26:35 2020 No.20668576

>>20668541
I'm sorry man but this is just false. Yearn relies on the different protocols already built on ethereum. Including aave, cruvefi, compound, dydx, bzx, and a bunch of others. The only way yearn could work on fantom is if they ported all those over or made their own versions of those protocols. This is a separate project but fantom finance will get a lot of inspiration from it.

>>	Anonymous Fri Jul 24 23:28:52 2020 No.20668612 >>20667799 >over $100k in some random shitcoin checking in sirs ! how much to making it sirs ? uniswap link pls sirs ?

>>	Anonymous Fri Jul 24 23:28:57 2020 No.20668613 >>20668541 What does this mean for yfi token kind anon, will it be the governance token of fantom also?

>>	Anonymous Fri Jul 24 23:29:09 2020 No.20668616 >>20668541 how can fantom kill ethereum if it's inside ethereum?

>>	Anonymous Fri Jul 24 23:30:52 2020 No.20668658 >>20668498 I bought 0.3 with 1000 DAI. hoping to get initial investment out and then just let it ride kek

>>	Anonymous Fri Jul 24 23:31:34 2020 No.20668666 File: 38 KB, 1080x318, IMG_20200724_233049_708.jpg [View same] [iqdb] [saucenao] [google] Fuck it im drunk. Here are some more breadcrumbs for you anons.

>>	Anonymous Fri Jul 24 23:32:35 2020 No.20668680 File: 79 KB, 591x1280, IMG_20200724_233103_991.jpg [View same] [iqdb] [saucenao] [google] >>20668616 It isn't really. Besides once the FVM launches it'll be completely independent. For now it's crippled by the shitty EVM

>>	Anonymous Fri Jul 24 23:35:03 2020 No.20668724 >>20668666 explain >>20668680 read >>20668576

Anonymous Fri Jul 24 23:35:31 2020 No.20668735
File: 107 KB, 591x1280, IMG_20200724_233343_972.jpg [View same] [iqdb] [saucenao] [google]

But no I'm sure the launch of Fantom finance and the utility of Yearn finally being noticed are a coincidence, and there aren't any plans whatsoever.

Think about how much easier/cheaper/faster everything would be on fantom vs eth.

For the price of 1 tx on ethereum, you can launch 1MILLION transactions on fantom, all finished within a minute or 2.

>>	Anonymous Fri Jul 24 23:41:15 2020 No.20668828 >>20668735 How do you buy fantom finanaxe

>>	Anonymous Fri Jul 24 23:41:48 2020 No.20668842 >>20668724 >>20668576 You dont realize just how easy it is to port those over, and if AAVE doesn't you don't think someone else will? They're basically just smart contracts kek.

>>	Anonymous Fri Jul 24 23:42:37 2020 No.20668857 is OP chainlink god he's been amping this project lately

>>	Anonymous Fri Jul 24 23:53:15 2020 No.20669051 >>20668857 Is he trustworthy? He seems like he is but who knows with these twitter people

>>	Anonymous Sat Jul 25 00:08:20 2020 No.20669319 >>20668412 oh so basically its a platform that is going to look good until usdt implodes and the governance token is still useless because anyone can join in on the usdt hot potato yield scheme?

>>	Anonymous Sat Jul 25 00:10:55 2020 No.20669361 >>20669319 almost. they hedged themselves against every stablecoin, not just usdt. in theory, if one implodes and the rest are fine -- this will be ok

>>	Anonymous Sat Jul 25 00:17:00 2020 No.20669461 >>20669051 I trust him, I've been egging him on to get a TokenSet put together with his farming moves so I can just buy those. He always seems to be like one step ahead of me, but now with Yearn v2, we're all gonna win automatically

Anonymous Sat Jul 25 00:17:28 2020 No.20669467

>>20669361
>in theory, if one implodes and the rest are fine -- this will be ok
ok in what way? only a 25% loss?
is there actually a point of the governance token?
probably it will get increasingly more yield over time by lending the "stable" usdt until it goes bankrupt

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