Yearn.Finance (YFI) is DeFi's Bitcoin

[Anonymous No.20845888]

Yearn.Finance (YFI) is a quality of project that only comes maybe once every 1 to 2 years in crypto. Our 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.

[Anonymous No.20845903]

>>20845888
Premined scam. YFII is superior

[Anonymous No.20845924]

Framework founder tweeted:

"iearnfinance’s conception of “strategies” will be the next big primitive in DeFi

Aggregator gov tokens control what “strategies” capital is allocated to, which protocols the strategy puts capital into, and how strategy creators are compensated

This is something new

Valuation of YFI tokens will ultimately be based on the downstream fees the aggregator controls via capital allocation to strategies

DeFi protocols will need to own YFI gov tokens, and be writing compelling strategies, in order to be competitive/direct capital flow

On the strategy creator side, there will be an explosion of creativity as traders can now open source a trading strategy, specify their profit %, and deploy with $10Ms of capital

They will also need to own YFI gov tokens to have a seat at the table

We bought/mined a bunch of YFI over the past week

We will be focusing on writing compelling strategies for Synthetix/Curve/Aave/Futureswap, protocol housekeeping, and above all, maximizing value for YFI holders

We are v excited"

[Anonymous No.20845930]

>>20845888
suicide stack 1 YFI?

[Anonymous No.20845960]

Framework founder tweeted:

"yearnfinance’s conception of “strategies” will be the next big primitive in DeFi

Aggregator gov tokens control what “strategies” capital is allocated to, which protocols the strategy puts capital into, and how strategy creators are compensated

This is something new

Valuation of YFI tokens will ultimately be based on the downstream fees the aggregator controls via capital allocation to strategies

DeFi protocols will need to own YFI gov tokens, and be writing compelling strategies, in order to be competitive/direct capital flow

On the strategy creator side, there will be an explosion of creativity as traders can now open source a trading strategy, specify their profit %, and deploy with $10Ms of capital

They will also need to own YFI gov tokens to have a seat at the table

We bought/mined a bunch of YFI over the past week

We will be focusing on writing compelling strategies for Synthetix/Curve/Aave/Futureswap, protocol housekeeping, and above all, maximizing value for YFI holders

We are v excited"

[Anonymous No.20846006]

>>20845930
>suicide stack 1 YFI?
1 YFI = Make it stack

[Anonymous No.20846020]

>>20845888
im a yfi whale. You have to realize the potential with yfi. Yearn is coming out with a bunch of yield earning products that have fees for yfi holders. This thing is already producing real returns. In my approximation I think yfi is $10k in next 2 weeks and $100k by eoy.

[Anonymous No.20846061]

>>20845888
so are the vaults out yet?

[Anonymous No.20846125]

>>20845903
>Premined scam. YFII is superior
YFII, YFIII, YFIIII, YFIIII, etc, are chink scam forks of YFI. Only buy YFI.

[Anonymous No.20846179]

>>20845888
YFII or bust motherfucker

chinks win this time
>lower mcap - more potential for gains
>already at ~$200MM TVL
>same functionality but less token availability in the near term
>governance established today - this coin will have staying power

[Anonymous No.20846228]

>>20846020
>In my approximation I think yfi is $10k in next 2 weeks and $100k by eoy.
this. i'm also a top 150 wallet

[Anonymous No.20846267]

>>20846179
>YFII or bust motherfucker
>chinks win this time
>>lower mcap - more potential for gains
>>already at ~$200MM TVL
>>same functionality but less token availability in the near term
>>governance established today - this coin will have staying power
YFII, YFIII, YFIIII, YFIIII, etc, are chink scam forks of YFI. Only buy YFI

[Anonymous No.20846278]

>>20846061
USDC vault is, LINK is next.
august is going to be big month

[Anonymous No.20846403]

Where do I buy?
Ive got $12k to play around with.
Teach me bois

[Anonymous No.20847077]

>>20846403
>Where do I buy?
>Ive got $12k to play around with.
>Teach me bois
https://www.coingecko.com/en/coins/yearn-finance#markets

[Anonymous No.20847339]

>>20846179
>>20846267
>200mm tvl
Let that sink in

[Anonymous No.20847741]

got myself up to 1 YFI, have a few more eth to drop in, is this the local top or should I get it all in right away?

[Anonymous No.20847746]

>>20847339
>>200mm tvl
>Let that sink in
watch that tvl move from yfii back to yfi when mining starts again

[Anonymous No.20847748]

>>20846403
uniswap is best liquidity
make sure to pick one with good +2% depth. If depth is near 0 then it's a fake volume exchange

[Anonymous No.20847804]

>>20846403
1inch.exchange

[Anonymous No.20847812]

>>20846061
just wait until link is opened 0 imagine getting 50% + on your link

[Anonymous No.20847849]

>>20846125
this is correct.

[Anonymous No.20847904]

[Anonymous No.20847995]

>>20847904
pretty cringe anon