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/biz/ - Business & Finance

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21491960 No.21491960 [Reply] [Original]

Imagine not owning yfi
unironically $100k EOY

>> No.21492538

I have 1.5, what do?

>> No.21492602

First six digit token, for sure.

>> No.21492848

>>21492538
stake it and wait for an enormous pump

>> No.21492868

>>21491960
>yearn
>A retarded way of saying yam
Yeah I'm out

>> No.21492901

>>21491960
some of the brightest minds are gathering around this project

GET IN HEREEEEEEEEEEEEE

LETS GOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

>> No.21492904

>>21492868
so you are the guy that buys yam I farm
thanks

>> No.21492907

>>21492602
>hasn't heard of RWS

>> No.21493157

>>21492848
where can I earn staking

>> No.21493232

>>21493157
https://ygov.finance/staking
It's like 5% apr but it's always better than 0. The income comes from fees generated by yearn
note to claim rewards you have to have voted in the last 3 days, but rewards accumulate all the time, so you can just vote when you want to claim eventually

>> No.21493299

>>21493232
I'm there I'm just wondering if anyone was farming it somewhere. I'm thinking of pumping some other gains in to YFI, how much should I get?

>> No.21493367

>>21493299
Hard to answer this question without more information. If you are in link yfi can definitely pump 10x way more easily, so I would say 100% in this case

>> No.21493389
File: 44 KB, 399x385, 1561320304137.jpg [View same] [iqdb] [saucenao] [google]
21493389

yes $6500 for defi token that could vanish tomorrow with some of tech error... where is my wallet..

>> No.21493403

>>21493367
you're saying put 100% of my LINK into YFI?

>> No.21493427

>>21493403
that's what I would do in your case
do as you wish

>> No.21493444

>>21492602
rws is going to the the first 7 digit coin

>> No.21493455

>>21493389
they community is discussing to do a 10-1 split when YFI > BTC

>> No.21493593
File: 1.10 MB, 1125x2436, FFE4F976-6406-4492-ABDB-DE78E7908C5F.png [View same] [iqdb] [saucenao] [google]
21493593

I have almost 1M link if I put it all in yfi what can I expect

>> No.21493732

>>21493593
AAVE LOAN NIGGAR. DON'T SELL LINK

>> No.21493760

>>21493732
Is aave that secure? How much return can I expect

>> No.21493778

>>21491960
I'm trying to imagine what it is, before I imagine not owning it

>> No.21493790

>>21491960
Sold for ETH just now considering buying DMG desu

>> No.21493806

DeFi cryptoassets that can be used for yield farming like have almost zero selling pressure in this market

If you understand this then you are part of the citadel

>> No.21493858

i encourage YFI peeps to also look into ZZZ

>> No.21493863

>>21493760
DYOR but I have 5k LINK deposited and have had it there for months. I borrow against it to chase shitcoins and diversify.

>> No.21493862

>>21493760
You can borrow up to about half your stack's worth in $amount, but I'd go a lot less than that just in case Link dips. As for Yfi, I dunno but I remember when it was less than 1k not too long ago

>> No.21493908
File: 8 KB, 595x291, 1593936536934.png [View same] [iqdb] [saucenao] [google]
21493908

>>21493778
It's a share in yearn. It grants you a share in yearn's fees and the right to vote in governance.
Yearn itself is a defi platform, it's most exciting products are vaults - automated yield farming, currently it's automatically farming CRV using deposited funds. It constantly jumps between products depending on what's the best roi.

It saves a ton of gas because it pools user's funds. To farm CRV individually you need to have at least $100k otherwise gas fees are going to eat you alive, but with yearn even $100 is enough.

Pic is current APR on yearn's vaults.

https://stats.finance/yearn
https://www.learnyearn.finance/start-here/yfi-revenue-model

>> No.21493955

>>21493863
What % you been returning?

>> No.21493988

>>21493908
42%? If I put 1M in I can return 420k a year? Somethings fishy

>> No.21494006

STOP LEAKING ALPHA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>> No.21494010

>>21493988
that's APR it relies on the yield farming bubble, I doubt it's going to last a year.

>> No.21494077

I'm sorry I'm asking for a bit of hand holding here, how do I get yCRV? I don't understand Curve at all.

>> No.21494087

>>21493988
but I'm getting these ridiculous returns since June - first COMP, BAL, then YFI (this one was like winning a fucking lottery), then all YFI clones, I'm currently farming one of it at a 3 digit APR + CRV on stablecoins.
I sold everything except for YFI

It's like it's literally raining in ethereum, every day I wake up and sell thousands worth of tokens, it's fucking surreal

>> No.21494130

>>21494087
>literally raining
money
>>21494077
https://www.curve.fi/iearn/deposit
warning extremely high gas fee

>> No.21494230

>>21494087
Insane. Should I take my 1M in link and get in on this action

>> No.21494448

can somebody explain what the fuck is this shit exactly?

>> No.21494588

>>21493988
Andre was saying yesterday, these numbers are not sustainable but he does feel confident they can stabilize ~10%. I tend to believe him, I like Andre because he is as risk averse as I am.

>> No.21494666

>>21493908
>>21493988
>>21494588
so basically it's bitconnect?
based lmao

>> No.21494696

>>21494666
it's not bitconnect, bitconnect was paying past 'investors' with money from newer investors.
If yield farming bubble dies returns just go back to 6% or whatever

>> No.21494709

>>21494448
Deposit your assets in the protocol, it puts money into AAVE and receives stablecoins. The stablecoins are added to liquidity pools across the DeFi space, wherever they generate the most yield at any point in time. The governance token earns value based on a fee structure. This is an important protocol/token. Changed the game overnight.

>> No.21494772

I will assuredly be putting many thousand of dollar into this good coin .

>> No.21495038

>>21492602
better if they do a 1000 to 1 token split imo

>> No.21495076

>>21493389
retards like this are why we need a token split

>> No.21495512
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21495512

I'm a complete brainlet who somehow stumbled its way into becoming a top 100 YFI wallet. Almost sold half of my stack for iota @ $4500 the other day because of all the fomo-inducing iota threads on /biz/, when YFI was just bouncing between $4500 and $5500 for weeks. Wish we would have more reassuring YFI threads on /biz/, but I'm not gonna sell even one of my precious YFI until we have reached at least $50k.

>> No.21495664

>>21495512
Never sell, anon. This is a backbone of DeFi, there are only 30,000.

>> No.21495799

yfi is a 1 dev team.. andre wants to leave.. if he leaves it's over

also, the yfi token holders are degends.. more than half of yfi is currently sitting on an unaudited contract farming YAM... one hack and its over

i was a top 100 holders before andre's bullshit. i staked the yfi and i wasnt earning shit. like 2-5% apr.

i sold for snx, lend, ren.same upside potential but without the risks

>> No.21495821

ZZZ

DYOR

>> No.21495955

>>21495799
there's nothing unaudited in yam, it's dead-simple code
if you can't understand solidity don't farm, simple as

>> No.21496309

is 0.2% (60+ YFI tokens) of the supply enough to make it?

>> No.21496354

idk you really don't need the YFI token for anything unless you want to be a part of the governance. I sold at $6.5k to buy more BZRX. Idk really I feel like BZRX going 3x from now is more likely than YFI going 3x. I guess I'll see, my main hold is LINK anyway.

>> No.21496485

>>21491960
what's the minimum amount you can buy?

>> No.21496530

>>21496485
1^-18 yfi

>> No.21496608

>>21496530
ah thank the fuck christ, thanks anon