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/biz/ - Business & Finance

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22217852 No.22217852 [Reply] [Original]

Fuck stock market crash , crypto crash . I think Defi is gonna be #1 future asset . Which defi coins are best hodl ?

Right now YFI feels like btc at $1000 .

Please tell what are the risks ?

For me governance key feels like risk and Andrey saying he made yfi for himself , it could have bugs .

Let's discuss .

>> No.22218256

>>22217852
thats actually a great question because this is governance over like a billion an assets if not way more going forward. there are all kinds of interesting things that can be done with that type of capital at your disposal. third world warlord investments anyone?

the basic yields are going to go significantly down as this space matures though so who knows.


Also, can anyone explain why SNX is being borrowed in such large quantities still? Where is this yield opportunity that I'm not aware of?

>> No.22218354

harvest finance $FARM

competitor to YFI, launched 3 days ago, higher returns than yearn

DYOR on it but I’m guessing it won’t stay this cheap for long, formal audit will happen in the next week which will allow lots of money to flow in

>> No.22218502

>>22217852
Fantom is one to consider.

It's the project Andre devoted all of 2019 on (and is still an active advisor).
It runs native solidity code MUCH faster by decoupling consensus from blockchain. (the "proper" way to create a scalable system)

Fantom.finance is coming soon and, realistically, any Ethereum-based DeFi project would be ridiculous not to expand to it. (It'll take a few minutes).

Also, they just added a US Head of Operations who has connections to Harvard and Stanford digital currency initiatives.

>> No.22218503

>>22218354
shut the fuck up idiot this isnt for your stupid clone scams this is about the granddaddy created by a revolutionary

>> No.22218547

>>22217852
proper YFI discussion will never happen on biz because most of biz was already mentally priced out once it hit $2000.

>> No.22218574
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22218574

>>22217852

> Imagine not having invested in YFP

>> No.22218829

>>22218547
Literally this. They’ll just say but my cheap scam token with an anonymous team.

>> No.22219066

the other thing about yfi is how is it going to deal with the inevitable collapse of usdt

>> No.22219571

>>22218547
This
Yfi is basically like opening your own investment firm. Normies need not apply.