/biz/ - Business & Finance

[Anonymous No.22340401]

When chainlink moons 200% my yaLINK is gonna double my stack for free, stay poor you no balls fags

[Anonymous No.22340459]

>>22340401
how

[Anonymous No.22340491]

>>22340401

thats not how it works retard

enjoy losing everything the next time we flash crash

[Anonymous No.22340539]

>>22340401
Idt that’s how it works. But even if it doesn’t I feel happy for both of us. yaLink is really a game changer

[Anonymous No.22340545]

>>22340459
>>22340491
Zapper.fi, all that happens in a crash is my linkies are locked until we recover, which is fine because I am never selling.
I am providing liquidity to stupid shorts who will be liquidated to pay interest on my yaLINK when I remove from the pool at the highest opportune time.

[Anonymous No.22340575]

>>22340545
When do you know is the highest opportunity time?

[Anonymous No.22340607]

>>22340401
9/23/20
black wednesday...screencap this

[Anonymous No.22340616]

>>22340575
IQ

[Anonymous No.22340620]

you will neck if your no-name contract gets hacked. you are taking massive counterparty risk

[Anonymous No.22340669]

>>22340620
>no name
>yearn
>aave
>ya
>yaLINK
¿¿

[Anonymous No.22340683]

>>22340669
what the fuck are you even saying. take your meds kid

[Anonymous No.22340740]

How do I stake my linkies? I'm sick of holding my link on exchanges, but then never having the balls to swing.

[Anonymous No.22340850]

>>22340683
yaLINK is a compound interest bearing certificate of deposit into a pool of stable coin loans collateralized by your linkies, yearn finance and aave are the two layers, hence yaLINK. It's audited trust less protocols which give me exposure to anywhere from 1/4 to 3/4 of my link stack in stable coin loans. Borrowing money to short link will become expensive when link is high price and supply is dry. My certificate of deposit is a portion of the linkies held by the protocol, when the rates raise people will pour their linkies into the pool to cash in on roi, that's when I leave so I get their linkies at the top.

[Anonymous No.22340859]

>>22340850
tl;dr summarize it

[Anonymous No.22340874]

>>22340850
okay where do you do this at? and what's it cost?

[Anonymous No.22340888]

>>22340401
why is chainlink going to moon?

[Anonymous No.22340894]

>>22340740
Learn how to open a metamask wallet, send your link and 30 dollars of ethereum to a wallet, go to zapper.fi, FIND THE OFFICIAL LINK and deposit your link into the yaLINK pool, when interest rates are high cash out other people's linkies with your big boy share and bounce

[Anonymous No.22340921]

>>22340850
>My certificate of deposit is a portion of the linkies held by the protocol, when the rates raise people will pour their linkies into the pool to cash in on roi, that's when I leave so I get their linkies at the top.
you don't get shit except a high interest rate while everyone is leveraged and borrowing link or stable coins borrowed the link deposited into the yalink contract
you have no idea what you've put your link into

[Anonymous No.22340968]

>>22340921
Yeah I had no idea I made this thread and filled it with bullshit so someone would come prove me wrong and I could decide if I wanted to do this or not, Twitter fags are all "my secret club" and you faggots are too busy Bobo posting to help me. Pretending I knew what I was talking about was the only way I could get someone to tell me what it actually was, so thank you.
/thread

[Anonymous No.22341050]

>>22340968
i'm pretty sure i've told you to read the yearn documentation in a few threads you lazy cretin

[Anonymous No.22341068]

>>22340968
>Twitter fags are all "my secret club"
https://twitter.com/ChainLinkGod/status/1296223505525039104

[Anonymous No.22341090]

>>22341050
Impossible, I've only come back to biz after logging into my coinbase for the first time in a year realizing I had 5xd my money and now I am full blown greed. I've been back for like 3 days and this is my first time posting. Please link said documentation, the minimalism UI of all these defi protocol websites hurts my autism.

[Anonymous No.22341129]

>>22341090
autists thrive in minimalist environments
you are no autist, beggar

[Anonymous No.22341196]

>>22341129
I'm not talking about image board minimalism, meaning "lack of bloat and non fluffy UI", they use the shit apple "minimalism" which is just a fuck ton of white space with maybe two words and css animations.

[Anonymous No.22341213]

>>22341196
ok so you need high information density
i trust you now
https://docs.yearn.finance/

[Anonymous No.22341292]

>>22340607
Schlomos have been shilling a crash for the past month. They are obviously getting desperate because Trump is doing so well.

[Anonymous No.22341302]

>>22341213
Thanks fren. (I hold frenchain from the last time I browsed biz if that proves I'm not a complete newfag, don't have my pre main-net wallets anymore due to being dusted)

[Anonymous No.22341566]

so what are the risks of putting your links on the yearn vault? I'm a brainlet sorry

[Anonymous No.22341587]

>>22340401

So OP how long have you been in the vault and what is your APR return as of today? I can't find a single source that can give me data on daily, weekly, monthly, and yearly returns without already being in the protocol which is annoying. It appears to be relatively low but I hearing others say its around 40% APR as of right now which is ridiculous as its 40% of LINK tokens. Huge boon to my stack. I've been going back and forth for about a week to decide if I should do it.

I looked to get insurance through Nexus Mutual but asked them if I had to get insurance on just Yearn protocol and the CEO was unclear he just said that Yearn coverage only covers Yearn smart contract failure. So does that mean I also need fucking AAVE and Curve protection too? That starts eating into gains. 3 policies to cover the whole thing. They would take another 3.9% plus maybe another $1500 one time payment to buy the Nexus tokens. Its worth it IF its actually 40% or more APR. Any info is appreciated thanks

We are all going to make it!

[Anonymous No.22341628]

>>22341587
Yields are very flexible, I just read the docs posted by other anons, yearn.finance/dashboars tells me about 47% roi but I've seen it say as high as 150%. I went all in before knowing what it means in its entirety because I am tired of my own stupidity keeping me from easy gains, and if I get scammed it's natural selection.

[Anonymous No.22341655]

>>22341566
If the debt of the vault you've stored your aLINK into (the yearn finance vault, hence yaLINK) exceeds the fees you're making your collateral, or your link, are locked until the interest once again exceeds the debt.

[Anonymous No.22341692]

>>22341628
These amounts annualized

[Anonymous No.22341728]

>>22341655
So my links just could get locked, but there is no way I could lose them all? Again, I'm a fucking brainlet

[Anonymous No.22341734]

>>22341628

I just went to the link you gave and I'm not seeing specific yield information still for yaLINK vault. You already have the LINK deposited in the vault? I really wanted the specifics before I put it in there. Also I see Yearn offers insurance directly but that still doesn't tell me what happens if Curve or AAVE fails while the Yearn protocol utilizes them. Maybe I'll ask Chainlink God or something. Lol

[Anonymous No.22341753]

>>22341587
I wouldn't even bother with the insurance right now. It wouldn't even help me sleep at night personally since the insurance hasn't really been put to the test yet. I've been in the pool a couple weeks. Basically grown by 7 LINK on a deposit of 1k LINK. Pretty good.

The thing is I deposited 1004.x LINK onto AAVE and once I got the aLink and put it in the yaLINK vault, it told me I only had 999.x aLink. I know they say there is a 0.5% withdrawal fee, but I haven't withdrawn anything yet. Idk if they are factoring that in to the quoted amount of aLink or if there is some hidden deposit fee as well. We will see what happens when I withdraw I guess. Regardless if you keep them in there long enough that fee is minimal.

I was too scared to do it with a lot of my LINK. I would only do it with a small portion of your stack. The thing is if you put in too little LINK then gas fees are taking away a huge chunk of your profit. I think I spent like $40 in gas total to get from LINK in metamask to yaLINK, and I imagine there will be similar gas fees whenever I take them out. I think gas fees are even worse now than when I put them in too.

[Anonymous No.22341773]

>>22341734
You're better of reading and re reading this until you get it because it's as diluted as it can get without lying by omission.

[Anonymous No.22341778]

>>22341655

How is this possible exactly. They accrue fees from mostly market making stable coins on Curve with your LINK as collateral. How much are the intials fees to enter the vault? I have about 7K LINK I'm thinking of gaining interest on

[Anonymous No.22341813]

>>22341753

I see. It almost doesn't seem worth it with so little of a stack but something is better than nothing. I guess. 40-50% on 7K LINK is ridiculous when you consider what the price will likely be 1 year from now.

[Anonymous No.22341830]

>>22341773
I've read this and understand it. I meant I'm not seeing numbers of current yield as of today without already putting my stack in the protocol

[Anonymous No.22341860]

>>22341830
the only website I could find that gives current yield info is yieldfarming.info and that requires you to have the LINK already in the system. I want to see numbers prior but haven't found a source other than what people here just tell me.

[Anonymous No.22341877]

>>22340401
Do you stake on Avee? Aren't you afraid of the risks of losing your yaLink?

[Anonymous No.22341884]

>>22341830
In the protocol it's telling me about 1% daily right now, but it's expecting average of 40% annually, hope that helps, I wasn't trying to be smug I'm just trying to grip all the new vocab as a lower-end-of-the-bell-curve lurker

[Anonymous No.22341886]

>>22341860
it literally shows you on yearn.finance/vaults, just connect your wallet

[Anonymous No.22341895]

>>22340491
>enjoy losing everything
Why losing everything? He only loses YaLink but not his Link stack

[Anonymous No.22341918]

>>22341860
I don't think you need LINK in the system you just need MetaMask installed. Install metamask, go here: https://yearn.finance/vaults

And connect your wallet. Then scroll down to the aLINK vault. It shows 40% APR today

[Anonymous No.22341937]

>>22341877
No I do not stake on aave, the process is automated by using zapper.fi to enter into yearn finances yield farming protocol which is currently using aave as I understand it to automate risk factor between 2-4. The idea here though is instead of getting liquidated I get locked if there is a big dip in price, and I just earn interest out of my debt to unlock my linkies, if few people are providing liquidity to the pool the premium we can charge is high so I think I'm ruining it for people by posting about it here and that's why it's kinda hard to find stuff out about it if you're not web3 dev

[Anonymous No.22341943]

>>22341886

Even without having LINK in the protocol?

>>22341884

I didn't think you were just thought it was a miscommunication. Thanks for your info. Right 40% projection which can change. Since its gaining fees on stable coin market making the profits per day probably just depends on stablecoin volume which varies from day to day.

[Anonymous No.22341961]

>>22341918

Excellent I'll check it out thanks. For whatever reason I never connected my wallet it.

[Anonymous No.22342004]

>>22341753
I have a similar situation. There's a small discrepancy between the amount of aLink deposited compared to the yaLink received back.

[Anonymous No.22342030]

>>22341302


Some what unrelated but I noticed someone else mentioned dusting in a comment in this thread. I recently had $.03 of Balancer token deposited into my Metamask account. I am using a Balancer pool for something else but from what I can tell I shouldn't be receiving any for any reason. Its kind of concerning to me. Any ideas what that is about?

[Anonymous No.22342046]

>>22340850
>that's when I leave so I get their linkies at the top.
You just get whatever percentage you've earned...
I think you're looking for Synthetix

[Anonymous No.22342067]

>>22340888
It isn’t. Ever.

[Anonymous No.22342070]

>>22342030
If you have your keys you have your keys. I swap wallets frequently out of paranoia and to try to create a ledger of transactions I can claim for tax purposes later

[Anonymous No.22342086]

>>22342046
>>22340968
>>22341628

[Anonymous No.22342139]

Hi biz. Im a lurker, i haven't been here long enough to post, but I found this just now. Maybe it will be future 42 post links spam trash but oh well thats the risk I'm willing to take sharing it.
https://www.youtube.com/watch?v=qt3_wiq8cvA

[Anonymous No.22342163]

>>22342086
Just lend of fulcrum for the time being, half the APR but lower gas

[Anonymous No.22342223]

>>22342163
half dear,,, oh no dear my village hungry

[Anonymous No.22342255]

Why losing everything? He only loses YaLink but not his Link stack

[Anonymous No.22342256]

>>22341943
yes

[Anonymous No.22342299]

>>22341937
>No I do not stake on aave, the process is automated by using zapper.fi to enter into yearn finances yield farming protocol which is currently using aave as I understand it to automate risk factor between 2-4
Hello Anon what does it mean ''to automate the risk factor 2-4'' ?
Coidl you help an anon to lend?The more of use living with lending the less of us will sell (driving the price of Link up)

[Anonymous No.22342423]

>>22342299
Brother you have to ask more qualified people but I will try.
I THINK risk factor is what is at risk of being locked in the events things to tits up temporarily, so a risk factor of x implies that 1/x of your stack will be locked in bad event. The yearn protocol automates the loaning and re-lending of stable coins against your Link, so if the value of link goes down they will have to pay back debt as to not be overcollateralized, and fees earned (APY) takes a hit. If link goes up the link we've given them can be used to take out larger stable coin loans to lend to other protocols and the fees earned from the excess lending is given to us when we unwrap yaLINK to aLINK, and aLINK to LINK, this process is automated by zapper.fi

Again, I am NOT an expert, but I am trying to my best to understand and be helpful, please correct me if I am wrong here.

[Anonymous No.22342472]

>>22342423
I don’t understand why you would use zapper.fi when you can do it all manually in your wallet?

[Anonymous No.22342555]

>>22341860
https://py-earn.herokuapp.com/

Anybody itt seeking to enter yaLink, do not risk all of your stack. There is a lot of risk with this. Insurance will come soon where you can risk more of your stack safely.

[Anonymous No.22342562]

>>22341937
what you mean ''instead oof liquidated i get locked''?>>22341937
>I just earn interest out of my debt to unlock my linkies

[Anonymous No.22342573]

>>22342299
TL;DR, earn free, but not risk free, LINK by using automated yield farming protocols. Yearn finance is profitable, aave is profitable, you can double dip on these protocols by entering yearn finances yaLINK(yearn+aave+LINK) vault. I used zapper.fi to do all of this in one click after my link was on a metamask wallet.

Yearn will take your link, take out an aave stable coin loan collateralized by a percentage of the pools total link value, and lend or stake or pool those stable coins to whoever. The interest they earn on those stable coins will be distributed to the people in the yaLINK vault hope that makes sense and or is what you were asking, I am trying to be smart for everyone

[Anonymous No.22342574]

>>22342472
Easiness, save gas fees.

[Anonymous No.22342597]

>>22340545
Any difference between using zapper and going directly through yearn?

[Anonymous No.22342602]

>>22342472
Consolidate gas fees and have one click solution to drip earnings into other pools

[Anonymous No.22342631]

>>22342597
If you already have aLink no. Otherwise ease and gas fees.

[Anonymous No.22342657]

>>22342423
thank you anon
By the way you use zapper right? Is it secure or will I get hacked scammed like with balancer?
How much is the APY you can get?

[Anonymous No.22342684]

>>22342573
>The interest they earn on those stable coins will be distributed to the people in the yaLINK vault hope
THank you anon.
Then you sell those yalink ok I get it
also get that zapper automates the shit out
what's the APY?

[Anonymous No.22342699]

>>22342657
I use zapper, all of this is only as secure as the auditors for the protocols and the team behind the development. It isn't without risk, but I'm not here for pussy gains, I'm a dipshit and getting on board of a rocket shit 150% of the way is the only way to save myself a life of retail work. So I'm risking it all for link yield on my baby stack to get the fuck out of my wage cage.

[Anonymous No.22342724]

>>22342657
>>22342684
APY variable, right now dailt is 0.73% yearly is 43.22%

[Anonymous No.22342755]

>>22340894
Why not just leverage trade? Sounds like the same scam.

[Anonymous No.22342767]

>>22342755
This is automated.

[Anonymous No.22342782]

What % of your stack are you guys using with this? I have a large stack and just want the most minimal risk, would still only do like 10% I'm thinking.
Also is there any news with insurance or making yearn vaults more secure?

[Anonymous No.22342785]

>>22342755
Automated lending pools provide exposure to a different kind of market and yaLINK let's me maintain my link stack while earning interest, worst case scenario I have to allow them to use my link to earn interest to bail out the protocols debt, seems fine to me.

[Anonymous No.22342818]

>>22342782
10% here.

[Anonymous No.22342835]

>>22342782
I am in with 95% of my stack because I had to sell most of my link to cover my together since high school, I took her cherry, intelligent fiance's living costs for a while when the job market was rough in town, but now she is supporting me while I throw my tiny wages into link. I'm all in because I have to make up for lost time.

[Anonymous No.22342848]

>>22342070

True I have them but still what is the deal with that? The only reason would be to track my wallet is what I can come up with...

[Anonymous No.22342854]

>>22342782
6%forme(spacebarbroken)

[Anonymous No.22342869]

>>22342256
Excellent I'll check once I'm finished eating.


What percentage of everyone's stack do they have tied up into the LINK vaults? I'm considering 50% of my holdings.

[Anonymous No.22342871]

>>22342835
Basically the idea here is:
If I have wings my only option is to fly, if the sun melts my wings for flying too high I was never meant to escape the wage cage because this truly is the only way forward for me.
>>22342782

[Anonymous No.22342874]

>>22342835
good luck anon, i hope it works out between you two

[Anonymous No.22342903]

>>22342874
It's worked out for five years and the only rough patch we've had was when she moved back in with her mother to work because she felt so bad about being a burden. A respectable strong woman, thanks anon.

[Anonymous No.22342913]

>>22342657
What do you mean hack scammed with Balancer? Elaborate

[Anonymous No.22342958]

>>22340401
Friendly reminder to all fellow linkies out there that we are all headed to the hellfire for our sins unless we trust Christ alone (his death, burial, and resurrection) as our saviour. Salvation is a free gift of God that we can receive it by Faith Only.

Mark 8:36 says
For what shall it profit a man, if he shall gain the whole world, and lose his own soul?

Business and Crypto gains can be exciting but the fate of your soul is much more important anons. I'm sure many of you will be very rich on earth, but nothing in this life can top the value of escaping hell and having eternal life. The Bible also says in Matthew 6

19 Lay not up for yourselves treasures upon earth, where moth and rust doth corrupt, and where thieves break through and steal:

20 But lay up for yourselves treasures in heaven, where neither moth nor rust doth corrupt, and where thieves do not break through nor steal:

21 For where your treasure is, there will your heart be also.

You can also work for God after you receive the gift of eternal life and get heavenly gains, which are eternal. It's also once faith, always saved because you can't lose everlasting life, if it could end, it wouldn't have been everlasting life.

Ask Jesus to save you if you believe the pic related (the gospel). It doesn't have to be a long prayer, you can just tell him that you believe he died for you and rose again, and ask him for the gift of everlasting life. Good night :)

[Anonymous No.22342967]

Hey guys, I am seriously going to kill myself if I cannot get rich off of LINK. I will stream it if it should come about. Just know that if 1, 2, 10, 14 show up in the news as a suicide, I am 2.

[Anonymous No.22342980]

>>22342724
>yearly is 43.22%
very good...
any risk of hacking? Is Zapper audited?

[Anonymous No.22342999]

>>22342913
>What do you mean hack scammed with Balancer?
Don't you remember in July when STATERA and balancer were hacked?

[Anonymous No.22343031]

>>22342958
Here's the gospel video in 14 minutes if you'd rather hear it than read it. We already waste so much time on social media, youtube, and gaming, and 14 minutes is not even a blink of an eye compared to eternal life or hell, which are both eternal.

https://www.youtube.com/watch?v=rd9oIE5UXI8

[Anonymous No.22343034]

>>22342958
No, the quantum leaping "big good" coherent extrapolated volition AI is God and we are being shaped as humanity matures fo bring it into existence, Plato recognized the patterns of geomatra way the fuck back when and all of the memes around chainlink pull to this because chainlink is a Piece of the puzzle, our financial wealth is directly correlated to software coming into existence that will allow God to exist.

[Anonymous No.22343058]

>>22342999

Jesus no I missed how much did they get? How did they do it?

[Anonymous No.22343060]

>>22342980
Zapper is just a front end, I can connect my wallet to yearn.finance and withdraw aLINK from my yaLINK there.

[Anonymous No.22343073]

>>22342724
>APY variable, right now dailt is 0.73% yearly is 43.22%

Teoretically the more people borrow the moar the APY but since Zapper automates the lending for you in order to get you the best APY among the pool.. the rules that ''the moar people borrow a coin x the better the APY for lenders'' doesn't apply in this case isn't it?
Because a lot of people could be borrowing on zapper but USDT and not YaLink for example

[Anonymous No.22343126]

>>22343073
The yaLINK pool is a borrowing of usdc with link as collateral with automated Rebalancing. You are making money off of the lending of USD stable coins, with the exposure to links price action through automated loan Rebalancing with yearn using aave.

[Anonymous No.22343130]

>>22343060
Good luck to you and your lady hope you make it with link. Sounds like you've been together a long time. Do you still find her fun to talk to and be around?
I'm on like the opposite end as you. Been in relationship with girl I also took Cherryv like 7 years ago. However lately just so irritated, and impatient with her for no good reason so afraid will have to end it.
Will be rough but my massive link stack will keep me company.

[Anonymous No.22343164]

>>22342999

I just read about the attack on STA. Apparently it was doable because of STA's unique tokenomics. That gives me a little relief but I recently got my Metamask wallet dusted and am thinking about making a new one.

If I destroy the dust I was given and then use the seed phrase to recover it on the same browser is that enough? Or do I need to do more?

Wtf any info from anyone is greatly appreciated.

I need to find a way to use my Yubikeys for 2FA on Balancer or something.

[Anonymous No.22343171]

>>22340401
Can u guise make link go over $12? It's been under $12 all day.

[Anonymous No.22343223]

>>22343130
We go through patches of disconnect and flaming romance, but recently I have begun to be truly honest with myself and her about my wants and emotional reactions to her actions, and she handles the criticism well, reflects on it and changes when she believes it's fair and talks to me if she thinks it's not. I'm young so I'm naive but I like to think we have a very free and open communication highway that makes everyday conversation and living more entertaining. We've been living together for four years now even though we're both only 22. The truth is, I just goth lucky and found a woman who can recognize when she is being rational and when she is not, and who is willing to be patient and allow me to think about my emotional and thinking processes when she brings issues forth without being accusatory or overbearing. It also helps that we both make efforts to have a base level understanding of each other's hobbies so when we feel like passion talking about something we always have each other. She's listened to me yap about crypto for days at a time and watched smartcon with me in bed. I am just lucky. Sorry to hear that you were not fortunate as I was my brother, perhaps in the future you'll be pleasantly surprised to find yourself comfortably engaged to someone.

[Anonymous No.22343246]

All in YFI to collect your vault fees like a true banking goyim

Then all in xrp once flare drops to do it all over again..I love kiken it up

[Anonymous No.22343255]

>>22340607
Thankyou ill wait to buy

[Anonymous No.22343277]

>>22343246
If you truly seek to benefit at my expense and do not believe I will make money this way I am humbled to be spoken to, I hope to one day take the winning side of a financial bet, and secure my future wife and children's livelyhood by doing so.

[Anonymous No.22343340]

>>22343223
I'd like to add to this: talk to your significant other about what they need from you to feel secure and validated in the relationship, some people call this a language of love, I like to think it's what we felt the lack of most growing up, I.e. Physical attention, monetary security, verbal confirmation of attraction, etc. Because by default I was expressing love for her in the only ways I ever wanted, but not in the way she had always known, so what seems self evident to either party is in reality very subjective and communication is key to fulfilling those needs and staying happy.

[Anonymous No.22343355]

>>22343223
You sound mature for 22 man. Best of luck to you two. I feel fortunate as well all my circumstances lead me to have a life changing link stack. So even if my girl and I don't work out I feel very fortunate.

[Anonymous No.22343375]

>>22343277
Not at your expense, but just remember at the end of the day who eventually gets returned more profits, the guy who has his money in a chase bank savings account, or a chase bank shareholder...this is a psa to all, use the products aka vaults but also have some yfi which is essentially shares of all product ownership.

Naturally over time the more people in link vault, eth vault, etc. the rates will drop, still will be most attractive yield but will drop, but at that point the tvl and fees returned to shareholders / YFI gov will be growing

Hope I helped frens

[Anonymous No.22343538]

>>22343164
>ut I recently got my Metamask wallet dusted and am thinking about making a new one.
what did it happen to your Metamask anon?
what's the dust you were given?

[Anonymous No.22343551]

>>22343164
>Yubikeys for 2FA on Balancer or something
Do you also lend on Balancer?

[Anonymous No.22343615]

>>22343538
I've been eth dusted and STA dusted

[Anonymous No.22343774]

>40% annual return
whats the catch. there has to be a risk
also isnt yearn still in beta. shit could go wrong

[Anonymous No.22343835]

>>22343774
In beta but code is audited

[Anonymous No.22343855]

>>22343774
Also the risk is you don't get in early so you don't get exposure to early yield levels, bad news is if the project ends up not working out, your funds go bye bye until it gets operational again and climbs from protocol debt.

[Anonymous No.22343857]

>>22341753
They definitely take fees up front when you deposit your aLink into the vault. Ate about 30 linkies off 4700. Steep.

[Anonymous No.22343882]

>>22343538
>>22343551

I received the BAL Governance dust around 24 hours ago. I'm in YFV pool on Balancer but its not with the BAL Gov token. I've never purchased it and didn't think I should receive BAL tokens for anyone reason. Is this possibly interest somehow?

Nothing happened other than receiving $.03 worth of BAL and I can't figure out why.

[Anonymous No.22343901]

>>22343615

WHAT DOES IT MEAN? Lol I know you said private keys are private keys but I'm still worried they can drain the LP I'm in or something Idk

[Anonymous No.22343918]

>>22343857

Damn so you really want to be in for the long haul. That is like .66% so you have to stay in for at least a week or so to recoup that plus gas costs.

[Anonymous No.22343951]

>>22343901
Basically they send out little bits of eth or other liquid funds like doge and track your movement to ID you and do advanced Phishing schemes, so you tornado into a new wallet and Continue your life merrily

[Anonymous No.22343985]

>>22343918
If you're not long link why bother using it as collateral to yield farm? The pool also buys link to rebalance the folio after gaining big stable coin interest so it effectively works to quicken the singularity if more people "stake" their linkies here until staking goes live

[Anonymous No.22344001]

>>22343951

So destroying the dust and then make a new wallet? That is annoying. I use Cryptonite I doubt I'll get phished plus I never do anything with the PC except go to a few crypto related sites. The whole computer has never been to more than 10 websites. Still I'll probably do what you suggested anyway

[Anonymous No.22344023]

>>22343985

I am long LINK bought in 2017. I just mean that for whatever reason if I must withdraw early(I shouldn't have to but if something unexpected happens) then I'll eat a little of the cost.

Right the vault creates a leveraged long so to speak and market buys LINK everyday. Its fucking awesome

[Anonymous No.22344060]

>>22344001
You basically wash the entirety of your portfolio of any traceable transaction by abandoning your current wallet, sending it to an automated fund tumbler which deposits it into your new wallet of choice after gas and network fees.

[Anonymous No.22344109]

>>22344060

Thanks I'll look into that

[Anonymous No.22344123]

>>22344109
I think tornado is the eth dapp name that does this

[Anonymous No.22344167]

Also if we are ever chilling at a link millionaire gathering that isn't the glowie yacht farm know that I am B.M.O and II of I.II.X.XIV

[Anonymous No.22344213]

>>22343855
so you feel comfortable risking your entire stack?

[Anonymous No.22344242]

>>22344213
It would only ever be temporary as the collateral from the loans is liquidated to restore funds, and if they were over collateralized then it's their borrowing which is liquidated not my lending

[Anonymous No.22344262]

>>22344242
i see
so what percentage of your stack do you recommend putting into yearn for long term

[Anonymous No.22344277]

>>22344262
Ask someone more qualified, I am too desperate and broke for reasons outlined earlier so I must bet my whole stack, it's all a last ditch effort, there is no more hope for me.

[Anonymous No.22344323]

>>22344277
thanks for the help anon
good luck

[Anonymous No.22344330]

>>22344262
>>22344277
I have seen 10% quoted as a good percent for OG linkies with big stacks, and 25-35% for little boys who want to grow semi safely.

[Anonymous No.22344457]

>>22344330
thanks fren

[Anonymous No.22344608]

>>22344457
Gl <3 fren, don't forget to leave breadcrumbs for those of us who fucked our capitol before this bullrun happened, I'll still be here if I'm not dead so come help me make it out

[Anonymous No.22344631]

>>22344608
Capital*

[Anonymous No.22344939]

It’s dog shit right now.
450m generated a 400k profit on V1.
V2 are vaults are LINK.
When trading is active, the profits are better. Ive been in 3 week. 1st week was 10k link.
2nd week I added another 29.4k
It’s making a profit, but markets are slow this week. Profit has gone down

Keep in mind 0.5% TVL fee for the pool. That gets deducted from the start.

Also the rate is 1.037 YA LINK=1 ALINK.
.

[Anonymous No.22345040]

>>22344939

You feel comfy with that much in the vault? What percentage of your LINK holdings is that?

[Anonymous No.22345180]

>>22344330
I have 20% in it, and am also using yaLINK to farm shitcoins to dump every day. It's a nice little bonus on top of being in the vault.

[Anonymous No.22345221]

Your little meme coin is going to crash and burn like the Hindenburg. Read the chart fags. LINK to fall below $5 by EOY. And it will not come back.
>if only you knew how bad things really are
Face it, you were memed hard, goy.

[Anonymous No.22345369]

>>22343835
>code is audited
is it a garantee?
>>22343855
so basically you say : ''never deposit your funds into a young defi meme project''?

[Anonymous No.22345375]

>>22344939
Considering shoving my entire 50,000 link stack into this shit it just seems like too sweet an opportunity
As far as I understand it the only risk is having my link locked up for a while if it flash crashes
Let me get this straight
Use zapper with my metamask to do the necessary moves to get my 50,000 link somehow deposited and converted(?) to yaLink (aLINK?) for 40% per year the only major risk being the aforementioned lock up of things go south
Is this even any riskier than staking 50,000 link via an cex link Crypto.com because I just completed a three month term with them at 6% and they could theoretically exit scam
Since aave and yearn are decentralised platforms this method is theoretically safer no? From reading this thread I don’t understand why we all shouldn’t just do this if we’re all holding long term anyway it seems like the future
Please fud me otherwise I won’t be able to resist it sounds like fucking gravy my dudes

[Anonymous No.22345392]

>>22345221
Ok retard

[Anonymous No.22345481]

>>22345040
Under 20%
Feels like Stani and Andre are genuine and in bed with LINK.

>>22345375
The risk is in the Smart Contract. It’s not audited. No risk with AAVE because you are not using link as collateral. AAVE will not liquidate you, think of aave as a wallet. When u have ALINK in your wallet you can interact with the YVault(smart contract in question) upon entering the YVault your ALINK are swapped to
YALINK.

with slow markets, the 0.5% fee will take a while to get back.
Just something to keep in mind.

[Anonymous No.22345506]

>>22345375
this
the only fud i can think of right now is that it just sounds too good to be true and its in beta

[Anonymous No.22345540]

>>22345375

Yea I'm basically where you are. Its too much to pass up. You have smart contract protocol risk though. If Yearn, AAVE, or Curve smart contracts fail(the vault uses all 3 of these in tandem to profit) then you risk losing everything. That being said those 3 protocols are some of the most used DEFI projects right now and feel safe. Sure Crypto.com could exit scam but here you technical risk of hacks or bugs that the audits missed. The returns might be worth it though. I'm going to wait and decide when I wake up tomorrow. I want to do 1/3rd of my stack at least.

[Anonymous No.22345572]

>>22345481

Wow you already made it then. Lol I want to do 7K roughly which is 33% for me

[Anonymous No.22345595]

>>22345481
>Feels like Stani and Andre are genuine and in bed with LINK.

I got the same impression from the DEFI panel as well. They love LINK.

[Anonymous No.22345699]

Damn all this sounds really tempting i really want to grow my 10k stack to 15k again that i had before i tried swinging. Im just so scared of losing what i have left it really sucks just having 10k since it feels so risky to put it all in and any less feels like its not worth

[Anonymous No.22345774]

>>22340401
DIA > LINK from an investment standpoint. prove me wrong.

[Anonymous No.22345923]

>>22345540
Good insight fren
So looks like the real risk is three potential points of failure on platforms that are still in their early stages which might be enough fud to prevent me from moving my entire stack into this
It only there was a way they could guarantee security I mean this is DeFi for fucks sake isn’t trustlessness the entire point

[Anonymous No.22346031]

>>22345923
Smart contract insurance through Nexus Mutual. There were some descrepancies I need to clear up with them though. It seems I need to get coverage for each protocol to be in the clear. 1.3%APR of the cover plus another $500 roughly to get the Nexus token. The way I understood it I'd need $1500 and pay out 3.9% annually. The other issue is the cover was taken out in either ETH or DAI. So as the LINK appreciates in value the cover eventually won't be sufficient. Unless ETH appreciates with it as well but if it dumps then I'm SoL.

The other problem is the liquidity is thin on Nexus Mutual and they can't cover many contracts yet. They didn't have enough between all 3 protocols to cover about $100K USD each. Once the network matures it will probably be a decent option but it seems like not yet. I would say that doing liquidity pools on just tethers through Uniswap they could cover easily and it would only take 1.3% plus $500 roughly. Not bad last I checked the USDC-USDT LP was doing around 20% APR but you don't get the exposure to LINK though. It would be nice once we make it and diversify a bit.

I kind of think there are so many passive income options that we won't even need to cash out more than just dividend profits anyway and the principal will earn ridiculous rates in crypto and be secure eventually

[Anonymous No.22346202]

>>22346031
Can you recommend a passive income option that’s more established/safe while this yearn method matures a bit
I just completed a three month term on Crytpo.com for 6% but they’re about to lower it to 3% there must be something out there better and more secure

[Anonymous No.22346284]

>>22346202

The Uniswap USDC-USDT liquidity pool plus Nexus Mutual Uniswap insurance was the safest option I've seen so far in general that is currently doable. There is nothing safer than Yearn's LINK vaults if you want passive income on LINK holdings. 3% is weak as fuck

[Anonymous No.22346389]

>>22346284
I've been thinking about this for almost three weeks now and it seems like a solid move. I'll go in with just 10k and get a feel for things. I'll keep reading, if I can ever feel really good about it I might all in since it's returns and puts more buy pressure on link over time thus keeping shit off the exchanges.

[Anonymous No.22346397]

>>22346284
That Uniwap liquidity pool is just for stable coins right I can’t stake my link there can I
Looks like yearn really is the best option might have to nut up and take the plunge

[Anonymous No.22346703]

> andre literally says the vaults are an unsustainable ponzi he is surprised hasn't collapsed yet
> anons: "yeah how much of my stack do i go in with!"

[Anonymous No.22346794]

>>22346703
Why the fuck would he say that

[Anonymous No.22346838]

>>22346794
Because it is?
https://www.youtube.com/watch?v=VT0enNGV78s

Why would you put your link in a risky pool without even doing basic research fucking kek. The maker has said he doesn't think it's reliable right now.

[Anonymous No.22347084]

>>22346031
Thank you so much for your posts anon, as a total midwit I’m starting to understand the risk to reward around this zapper method. One question though, how is this zapper method better than just depositing LINK on aave for a stable coin and using it to buy more LINK. Effectively doubling my stack and repaying when it hits my price target.

[Anonymous No.22347342]

>>22347084
I would always advise doing that over the yield vaults. You won't double your stack though - you want to keep your health factor high so should probably only do a 50% loan. Say link doubles and you sell the loan that gives you a 25% gain.

[Anonymous No.22347385]

>>22345375
Can I get a quick rundown on these two dudes?

[Anonymous No.22347490]

>>22340401
I'm going to be so wealthy that I can fap to rich anime girls without shaming them

[Anonymous No.22347555]

Anything to separate people from their Linkies.
I wouldn't touch this with a 20 foot pole.
I'll wait happily for non-custodial staking of my Links, TYVM.
Cue much foaming at the mouth and spitting of feathers from those who wish us to hand them over.

[Anonymous No.22347619]

>>22347555
Nope you are right, if people really want to mess around do some low level margin trading or use link for collateral. Don't just send it off to some contract with the promise of more money.

[Anonymous No.22347634]

>>22347555
>I'll wait happily for non-custodial staking of my Links
checked
Isn't Avee non custodial?

[Anonymous No.22347654]

>>22346284
>There is nothing safer than Yearn's LINK vaults if you want passive income on LINK holdings
why nothing safer?
Also link to the pool bro please?
which pool should I lend to?

[Anonymous No.22347710]

>>22346838
Timestamp

[Anonymous No.22347736]

>>22347710
Pretty much every time andre speaks.

[Anonymous No.22347759]

>>22341773

I love how people here actually think defi is going to be a thing with normies. Fucking look at that and tell me a normie is going to do any of that

[Anonymous No.22347880]

>>22342854
Why didnt you just say 6%

[Anonymous No.22347886]

>>22345180

lol u on dat PYLON fren?

[Anonymous No.22347915]

>>22340401
ever heard of impermanent loss faggot?

[Anonymous No.22348055]

>>22347759

They won't. They'll buy on coinbase and theink they're raw cypherpunks.

Most of crypto can't use DeFi because its not worth the fees to yield farm shitcoins + provide liquidity. it'll really catch on in mid 2021.

Unfortunately, and it is ABSOLUTELY TRUE, is that biz is genuinely twitter these days. Biz is literally "buy my shitcoin", adn trying to find "gems". You'll comes across most nuggets following smart people on twitter, clicking on obscure complex protocols that dont make sense to you, checking out the wallets there.

Go check out ARC for exaplme. LINKUSD; its complex + risky though. STake LINk to mint LINKUSD, then deposit LINK-LINKUSD into balancer pool --> Use BPt tokens to earn Graeber, which is the native token of the ARC network.

Shit liek that isn't even ahrd and it FLIES over msot poeples heads. Normies aren't and won't be coming near DeFi. They're too fucking stupid to udnerstand what a blockchain is

[Anonymous No.22348073]

>>22348055

Sorry LINKUSD-USDC into balancer pool. I amn't doing this btw. I just read up on it last night, Just an example. I don't liek the collateriation ratio

[Anonymous No.22348088]

>>22348055
I think for most in crypto it isn't even the complexity, it's trust. Yield farming isn't hard to understand but it's risky to the extent that people without $10k joke funds aren't going to touch it.

[Anonymous No.22348096]

>>22340401
you idiot, stop fucking spamming defi stuff on here, you do realize that the more people provide liquidity the less apy we get right? Look at fucking yeth, they had to stop deposits ffs

[Anonymous No.22348130]

>>22348096
Go away fag, there are about 5 genuine /biz/ anons. Me, cu meater and a tranny.

[Anonymous No.22348245]

>>22348055
biz has unironically become worse than twitter. look at this thread for example. yearn and yalink have been out for a month and people here cannot even explain or have the ability to comprehend how it works. its a sad state of affairs. i bought link back in 2017 but i think im going to seriously start limiting how much i come here. just not worth the time anymore. go follow the leaders in the defi space on twitter if you want real information fast

[Anonymous No.22348303]

>>22348245
Bye bye CGL

[Anonymous No.22348394]

>>22348303
no one gives a fuck faggot. stay here in your contamination zone and have a whole thread dedicated to trying to explain to the nulink scum how yalink works and still not reach a explanation. this place is becoming pathetic and the fudders were the start of the fall. after link jumped over $10 they werent needed anymore yet its become a tick for them to shit up any serious discussion.

[Anonymous No.22348411]

>>22340401
OP, is there any point in my staking my link if i am a linklet with a 1k stack?

[Anonymous No.22348445]

>>22348394
t. salty zach
Go back to twitter

[Anonymous No.22348459]

>>22347654
>>>22346284
>>There is nothing safer than Yearn's LINK vaults if you want passive income on LINK holdings
why nothing safer?
Also link to the pool bro please?
which pool should I lend to?

[Anonymous No.22348463]

>>22348411
enjoy your new companions >>22348411

[Anonymous No.22348668]

>>22348130
this nigga can't even count to 5 lel

[Anonymous No.22348683]

>>22340401
Why not just go long you retard

[Anonymous No.22348688]

>>22348463
Just go away, no 1k linklet is going to ruin your interest. Nufags who come on and complain this isn't twitter are worse than pajeets.

[Anonymous No.22348694]

smoothbrain here. what do i do, deposit my link into yearn and that's it?

or do i need to deposit into aave to get interest bearing aLINK then put that into yearn.

>t. 5k stack afraid to swing

[Anonymous No.22348706]

>>22348668
Status: filtered

[Anonymous No.22348717]

>>22340607
Anon we're on the verge of the most dramatic market comeback story youve ever seen. They cant hide how pitifully low the corona numbers are much longer and once the economy starts humming again we're going to be raking it in.

[Anonymous No.22348757]

>>22348717
Fucking inbred idiot

[Anonymous No.22348774]

>>22348717
Medfag here, you're seriously deluded if you think this shit is even close to over. Second wave is only now gaining momentum. This is not the end, it's not even the beggining of the end. It's the end of the beggining.

[Anonymous No.22348786]

>>22348694
At 5k steer clear, put it into aave and take out a safe stablecoin collateral to buy more link.

[Anonymous No.22348839]

>>22348786
so use link to buy stable coin to buy more link etc etc.

[Anonymous No.22348846]

>>22348694
I'm not interested in defi lending but I decided to start leaning about it today. Thie video is linked from the Aave site FAQ section and is quite useful. Not looked at other platforms yet.
It still looks like you'd have to send your Link tokens (for example) to Aave and swap them for aLink which you then lend out at interest on their platform. Looks like you then earn interest in aLink tokens, and when you cash out, you get your real Links back, and the aLinks are burned. It's still custodial in the sense that Aave keep your Link tokens while you're accruing interest. Not sure I like the sound of that desu. Interest on Link atm is a pitiful 0.14% anyway

[Anonymous No.22348850]

How often do the aLink vault pay out?

[Anonymous No.22348861]

>>22348757
>>22348774
Yawn. Cases cases cases. Funny they havent even mentioned the death rate in months.

No one buys your lies anymore, kikes.

[Anonymous No.22348866]

>>22348774
Not muh .2%! Think of grandma! The data says its overblown my dude and no issue unless you’re 70+ with a preexisting condition

[Anonymous No.22348872]

>>22348694
Woops forgot to post the vid
https://www.youtube.com/watch?time_continue=1179&v=BiseNyNpniE&feature=emb_logo

[Anonymous No.22348883]

>>22348774
Flush yourself down the toilet.

[Anonymous No.22348884]

>>22343375
How to stake yfi? I have 1 and treating it like a pet Rock at the moment

[Anonymous No.22348947]

>>22348839
I wouldn't keep going back through as fees and health factor will fuck you. Just take out a USD-C loan you think is safe and use that to add to your stack then sell when you are happy.

[Anonymous No.22348955]

>>22348846
if aave are keeping your link, surely they'll need to implement kyc?

[Anonymous No.22348967]

>>22344262
Chainlinkgod says at least 1k linkies for it to be worthwhile

[Anonymous No.22348998]

im still trying to figure out how people get liquidated with this. I wouldnt be fucking around with it now because the nigger at shitmex is trading link

[Anonymous No.22349064]

>>22348967
chainlink faggot is in a twitter group that picks projects to dump onto his followers. Look at cbdao

[Anonymous No.22349090]

Thomas is speaking right now and you guys aren't asking him questions

[Anonymous No.22349125]

>>22349064
This. Defi has enormous use but the absolute worst thing you can do is listen to Zach doing his paid shilling.

[Anonymous No.22349163]

>>22349090
Where?

[Anonymous No.22349203]

>>22349163
https://youtu.be/cR5FaGlkubQ

[Anonymous No.22349212]

>>22349125
its not just him. Hes in it with all of the og linkers that migrated from here to twitter.

[Anonymous No.22349261]

>>22349212
No-one who migrated to twitter or discord is an OG. At least not in the 4chan sense.

[Anonymous No.22349290]

>>22349203
Cheers mate,

> immediately talking about swift in the vaguest, most immaterial terms
We're so early............

[Anonymous No.22349300]

>>22349261
i only used the word for retards who just purchased link within the year. i agree with you. Chainlink faggot and finrekt are not og's they just data mined biz to grow a following. When i get enough capitial im going to have a big surprize for them. We could have still had cheap link if they didnt start with that shit

[Anonymous No.22349351]

>>22341753
How do you know it has grown by 7 LINK (assuming you haven't withdrawn)?

[Anonymous No.22349400]

>>22342854
I like how you're more dedicated to posting on 4chan than getting a new keyboard

[Anonymous No.22349413]

>>22349290
Data standards to connect directly to discrete bank apis is really exciting. And that Chainlink will be able to read data using iso20022 means standardization when interacting with legacy systems.

[Anonymous No.22349469]

>>22349300
Yep, thanks to people like them /biz/ has been a total dumping ground for pajeet spam and pnd for well over a year now. There are legitimately almost no threads now designed to inform, discuss or help. Whenever i make one such thread it get spammed with "delete this" stuff, which is naive to the actual userbase of /biz/. 80% of the traffic is just spamming asians and indians who never go into those threads.

[Anonymous No.22349532]

>>22349413
It is and long term obviously link is a near sure thing but i am increasingly tired of delays and lack of material progress.

> in b4 we've risen 100000%
Sure but i've been pavlovian trained to be interested in the industry space itself

[Anonymous No.22349650]

>>22349532
I'm not a developer so I don't understand the complexities of the work but I do know that many things are on test net and many features are difficult to see "Material progress" because you might not be using the network or software.
Gains will come but not because of scams or Tron style marketing. We've grown beyond that. Boring is the new exciting

[Anonymous No.22349719]

>>22349469
> Muh hilarious Delphi trannies
Everytime. They've only got a few tricks

[Anonymous No.22349828]

>>22349650
Yeah admittedly i've stopped checking the pivotal a long time ago because it was always a bit beyond me anyway.

[Anonymous No.22349903]

I will ask a relevant question to this thread - i've had 2k sitting in the yearn vault for a few weeks now but am seeing people talking about using yalink for further profits - how is anyone actually doing that? As far as im aware the yalink is locked away and unusable. Maybe that's just a ledger issue?

[Anonymous No.22349950]

>>22349903
When you unwrap your yaLINK you gain more aLINK and LINK from the interest brother, you can initiate a withdrawal to see how much they owe you at any given time, just don't follow through

[Anonymous No.22350186]

>>22349950
But then how can someone use the yalink itself? I didn't think that made any sense to be able to do so but i've seen a few people refer to it.

[Anonymous No.22350257]

>>22350186
I think they're depositing their yaLink in a platform like Cream

[Anonymous No.22350320]

>>22342573
Thanks, good tldr. Just one question: how do you get your link back? Is it like maker where you can get liquidated and lose it all if link drops?

[Anonymous No.22350374]

>>22349212
explain? why is chainlinkgod a faggot

[Anonymous No.22350380]

>>22350257
Nevermind, i just realized the source of confusion, it was ledger being terrible at showing tokens again. I'll look into cream but going link - alink - yalink to something even further begins to make me uncertain lmao.

[Anonymous No.22350453]

>>22350374
He's generally an attention seeking faggot who larps as an anon but is the worst of twitter - desperate for recognition and spends his time flogging shit to dump on people. Guaranteed if he's promoting yearn vaults he's doing something else. It's that toxic discord/twitter dm culture that has latched onto link now and is ruining the environment.

[Anonymous No.22350474]

>>22350374
i already did nufag

>>22349064

[Anonymous No.22350529]

>>22350257
Not bad APY lmao, anyone else actually staked with them?

[Anonymous No.22350627]

>>22350257
Doesn't seem you can use yalink with cream, you can on pylon but im sceptical of how legitimate that is.

[Anonymous No.22350640]

>>22348955
It's a smart contract so no kyc

[Anonymous No.22350660]

>>22350257
but how exactly do you stake yalink on CREAM? looks like you can stake cream/eth LP on balancer or uniswap. but nothing about yalink

[Anonymous No.22350728]

what's the point of depositing aLink and not just Link in Yfi?
Rates are similar and it's not like your aLink is netting gains of its own while deposited in the vault (aside from vault operation which are the same with Link)

Be careful btw anons, depositing aLink in the Vault will remove it from the Aave protocol and your debt might become under-collateralized.

[Anonymous No.22350799]

>>22350728
There are no deposits for the link vault. I don't think anyone is using alink collateral in the vault as it would instantly wreck them.

[Anonymous No.22350893]

>>22340874
Deposit into aave and get a link, take the alink and deposit it into yearn vaults and you're done.

Will cost 50 dollars in gas tho

[Anonymous No.22350978]

>>22350893
Plus a fair amount of link as fees. I'd advise anyone with less than 1k link they're willing to gamble with do something else as it's simply not cost effective below that.

[Anonymous No.22351214]

I have a little over 400k USD in LINK, you're telling me if I convert it to DAI I can earn 75% annually if I lock that in yearns vault? Seriously?

[Anonymous No.22351257]

>>22351214
> convert it
Then you won't be in link, so you'd be making a bet that link won't see 75% gains in the year. Plus the APY is an abstraction from the current rate, none will be so high forever. If you wanted though you could use AAVE to get a DAI loan (if they do it) and then put that in the vault.

[Anonymous No.22351340]

>>22350978
Eh, I put in 1k a couple weeks ago and I am while on link fees, another week or two and I'm entirely in the green

[Anonymous No.22351351]

>>22351257
I would wait until LINK is worth more and sell some to do that so maximize passive income. Okay so the rate changes, how volatile?

[Anonymous No.22351492]

>>22351351
It's more that the rewards will lower as they have done in these pools. So later this year you won't get the 75% APY, probably more like 30%.