/biz/ - Business & Finance

[Anonymous No.20794656]

YFI is a quality of project that only comes maybe once every 1 to 2 years in crypto. Their vision is that eventually yStables will be used as the de facto settlement asset for all financial activity in crypto if not the world. Here’s an analogy. USDC is like keeping USD under your mattress. cUSDC is like putting your USD in a savings account at a bank. yUSDC is like putting your USD with a robo-advisor who then puts your USD in the highest savings account it can find and automatically rotates it to the best interest-bearing savings account across all the banks while charging you nothing. Currently, in the crypto space, stablecoins are used for transfers, margining, borrow/lending. They are used across DeFi and CeFi (exchanges and OTC). Anything USDT can do, yUSDT can do better. Why not trade FTX perps with yUSDT margin? Already FTX takes cUSDT as collateral. Why even have a BTC-USDT pair on Binance when you could have BTC-yUSDT? All that USDT OTC flow from China could be yUSDT. Lastly, why even borrow or lend DAI when you can borrow or lend yDAI (just think about that one). The implications are huge. YFI is a share of the network. 1 YFI could one day be worth billions of dollars. Buy 1 YFI, never sell

[Anonymous No.20795364]

1 YFI = Make it stack

[Anonymous No.20795384]

The Chainlink of DeFi. Uniquely enabled by Chainlink.

[Anonymous No.20795401]

Holy shit we are mooning.

[Anonymous No.20795428]

Only 30,000 people can ever hold 1 YFI

[Anonymous No.20795522]

There is only 1.6k YFI left on exchanges

[Anonymous No.20795558]

Time is running out for you to get a 1 YFI make it stack

[Anonymous No.20795575]

its literally dumping.

[Anonymous No.20795597]

>>20794656
>yield farming is completely unique and can only be achieved by yearn.finance as represented by this single governance token
wait

[Anonymous No.20795598]

>>20795575
>its literally dumping.
dumping upwards?

[Anonymous No.20795612]

>>20794656
Is this true?

[Anonymous No.20795613]

Kek tomorrow aave or comp do the same thing you think I'm sticking with the guy who fucked a previous crypto project just because you hold bags?

[Anonymous No.20795638]

>>20795612
>Is this true?
yeah

[Anonymous No.20795644]

>>20795613
Just buy yfii

https://www.coingecko.com/en/coins/yfii-finance

YFI with YIP 8 implemented
Thank me later

[Anonymous No.20795686]

>>20795613
>Kek tomorrow aave or comp do the same thing you think I'm sticking with the guy who fucked a previous crypto project just because you hold bags?

. > He hasn't listened to the recent andre cronje podcast

[Anonymous No.20795698]

>>20795644
>Just buy yfii
>https://www.coingecko.com/en/coins/yfii-finance
>YFI with YIP 8 implemented
>Thank me later
YFII is a chink scam fork of YFI. Make sure you buy the real thing

[Anonymous No.20795719]

>>20795613
>Kek tomorrow aave or comp do the same thing
. > he hasn't listened to the recent andre cronje podcast

[Anonymous No.20795780]

>>20795644
And next week buy yfiii... And so on

[Anonymous No.20795843]

>>20795364
I have 35.

[Anonymous No.20795997]

>tfw only have one

[Anonymous No.20796761]

>>20795780
yfiii already out

[Anonymous No.20797249]

>>20795843
I HAD 35 BUT SOLD 4 OF THEM FOR AMPL. I THINK I MIGHT BE CLINICALLY RETARDED. AAAAAAH!

[Anonymous No.20797361]

Do I buy high sell low and sell my ampl for this???

[Anonymous No.20797367]

i have 20. top 150 wallet. never selling :)

[Anonymous No.20797391]

>>20794656
For people who don't know, YFI = You Fucking Idiot. They are openly making fun of you brainlets who buy into this shit.

[Anonymous No.20797446]

>>20797391
this is a troll token and you're all getting baited like the low IQs you are.

[Anonymous No.20797477]

>>20796761
YFIIII already out too

[Anonymous No.20797480]

>>20795613
exactly, YFI is a pump & dump.

more protocols will come out replacing its need.

>hur dur automates farming defi yields for $100mil
its open source contract lol, there's already YFII -if a legitmate clone actually comes out YFI is doa

[Anonymous No.20797494]

>>20797480
>exactly, YFI is a pump & dump.
>more protocols will come out replacing its need.
>>hur dur automates farming defi yields for $100mil
>its open source contract lol, there's already YFII -if a legitmate clone actually comes out YFI is doa
YFII is a chink scam fork of YFI. Make sure you buy the real thing

[Anonymous No.20797533]

>>20795612
think for a second... who in his right mind would borrow you money for a 54% interest rate? why do you think those returns are impossible in normal finance? this is just a disaster waiting to happen but i'm glad you brainlets will lose your money.

[Anonymous No.20797539]

>>20797480
And there are gorillion forks of BTC. Yet BTC remain #1

Your point?

[Anonymous No.20797561]

>>20797533
>think for a second... who in his right mind would borrow you money for a 54% interest rate? why do you think those returns are impossible in normal finance? this is just a disaster waiting to happen but i'm glad you brainlets will lose your money.

[Anonymous No.20797597]

>>20795997
fucking same holy shit I wish I knew about yield farming just 3 days before buying in

[Anonymous No.20797604]

>>20797539
You don't need a governance token for automated yield farming with code opebly availa me on the chain.
You got scammed.

[Anonymous No.20797621]

>>20797561
>that shitty meme
DeFi liquidity is a joke, DeFi is a complete joke and a bubble about to explode

[Anonymous No.20797987]

>>20797494
What exactly do you expect to gain from owning YFI? There's no Cashflow present or future associated to it. Adding a fee would decree its death as someone would make a clone with 0 fees.

[Anonymous No.20798103]

>>20797987
To control the future of this defi monster

[Anonymous No.20799063]

>>20797480
Ever heard the expression, imitation is the highest form of flattery?

[Anonymous No.20799626]

so what is yfii? It is a fork but why do you consider it a scam?

[Anonymous No.20800206]

>>20799626
because it invalidates their narrative that YFI is worth anything

[Anonymous No.20800650]

my top defi bet...yfi is like linux...comp in Microsoft...lets go...

[Anonymous No.20801739]

>>20797604

[Anonymous No.20803210]