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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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20824491 No.20824491 [Reply] [Original]

yVault APR is 95%
fucking 95%
no it's not a ponzi, it's just defi yield farming, all those retarded defi tokens.
All you do is deposit USDC into the yVault and the system automatically yield farms.
The gas cost is trivial about $2 at current prices, comparable to straight transfer.

>> No.20824522

>>20824491
>95%
>totally sustainable
aaaaaand it’s gone

>> No.20824544

>>20824491

Fuck off these animals don't deserve YFI.

>> No.20824545

>>20824522
It’s 95% return-over a year.

>> No.20824646

Ampl APY is 200%

>> No.20824680

>>20824545
Do you understand that if you put 100 USDC inside magic box, and you expect 195 back, that’s literally the definition of ponzi?

>> No.20824706

>>20824680
>what is investing

>> No.20824755

>>20824680
>if you make money it's a ponzi

>> No.20824887

>>20824706
>>20824755
Ask yourself who is paying for this gains

>> No.20824956

>>20824680
it's not a ponzi, it farms defi tokens.
>>20824887
people who buy shit like BAL and MTA

>> No.20825014

>>20824491
Ripe for a hack. Suterusu fixes this.

>> No.20825181

>>20824956
>people who buy shit like BAL and MTA
Basically, you

>> No.20825194

>>20825181
what? I'm dumping them
you're completely out of touch, inform yourself before making nonsensical posts

>> No.20825218

>>20824544
this desu. biz deserves ampl pnd...don't let them get in yfi until 1 billion mc.

>> No.20825439
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20825439

>>20825194
You provide the liquidity into giant scam pools that create a fake positive loop, but try to see what happens when everybody tries to cash out

>> No.20825505

>>20825439
are you one of r/buttcoin losers? I recognize their style of argumentation
>nooo it can't possibly be true
>those returns are higher than 0.1% I get on my bank account
>it must be a ponzi scam

>but try to see what happens when everybody tries to cash out
>cash out
what are you even writing about? it's not a secret where the money is, it's all visible on the blockchain. nothing would happen if everyone were to withdraw from balancer pools.

>> No.20825529

>>20825439
You don't cash out, you never lose ownership of your money retard. You have no idea what any of this works

>> No.20825591

>>20825529
>you never lose ownership of your money retard
>one small vuln or a backdoored contract and you all go to zero with a simple flash loan exploit

>> No.20825969

>>20824491
And er, how many days/weeks are they calculating the APR from?

>> No.20826000

>>20825969
It’s only been running for a few days.

>> No.20826077

Let me bite.
Annualizing returns of sonething that runs for a few days does not make sense. I can make 2% in a minute. I can not just annualize that and say I make 956780% a year.

Risk. High risk of exploits. Most DeFi projects were audited and still got exploited. This will probably be no different.

>> No.20826222

>>20826077
this is true but the secret is to let others provide the bug bounty for some time.
That just leaves the internal risk (like admin keys without time delay). Aave is probably the single most risky defi 'd'app right now.