YFV free money - get the redpill

[Anonymous No.22435893]

OK so I have been doing alot of research into YFV, this thread is for those that don't understand it to get redpilled

first here is a shilly video you can watch that covers alot
https://www.youtube.com/watch?v=yriNFRq86VM

YFV first got popular in the YFI craze, there have been many forks and projects doing similar things, basically you input your funds to the platform and it finds the best liquidity pools for you, in which you earn a reward in the form of the liquidity pool token and the platform token which you can either hold as speculation of the platform growing, or just sell and realise the return.

on these platforms, the tokens hold governance value, the more governance control you have, the more power you have to recommend new pools, etc. and so the token value naturally becomes higher the more money that is locked in the protocol

YFI currently 1.2B mcap, governing 800M total value locked
YFII currently 235M mcap after rocketing 50% TVL not visible on their website and they wont reply on telegram, literally ran by plebs that post anime on twitter, they just have the advantage of releasing before YFV

YFV currently 45M marketcap with 323M value locked
So we can see that YFI and YFII trade at a HIGHER price than their total value locked, meanwhile YFV currently trades at around 15% of TVL, showing how heavily undervalued this is.

Next let's get onto their vertical integration plan, the devs at YFV know exactly what they are doing, they currently control 323M in funds and currently this all mainly goes to balancer pools, however they are now making their own version of balancer, where holders of YFV now gain more value from their own 323M going to the new VALUE liquidity pools, and also other DeFi projects will provide liquidity to the VALUE pool is a similar way to balancer, giving some of this reward to YFV holders also.

YFV also ordered 2 audits to be extra safe, one just finished today that came back with no problems, the second one soon.

[Anonymous No.22435955]

They’re Finishing up that migration soon. But I have one question. They’re going to have 3 million value Liquidity tokens but there are 4 million yfv tokens. They’re doing a 1:1 swap. What happens with those extra million tokens if there was 100% swap

[Anonymous No.22435963]

Now let me add, also out of the three YFI, YFII and YFV, YFV has the highest incentives, given the fact it going to also be audited twice over, this is literally the highest reward for your risk in DeFi and bound to become a blackhole for sucking up higher TVL, meaning higher value of the governance token.

You can currently earn 92% APY on YFV by simply depositing Usdt, Dai, etc stable coins in their pool by simply connecting your metamask, 6$ to approve YFV and then 10$ to input your funds to start earning YFV daily. Heres the amaing part, if YFV is to increase as expected to 300$ in price, your 92% APY today becomes around 18000% APY for just fucking holding a stable coin in an audited smart contract, no impermanent loss and you can withdraw anytime for around $15 at the highest gas fee currently

[Anonymous No.22435986]

I believe they just voted 2m value tokens now, honestly the swap still confuses me and need to refer to their announcement info

[Anonymous No.22436042]

That is IF this pos goes to 300

[Anonymous No.22436052]

>>22435963
If this will be sustainable for years to come what stops everybody to do this, nobody would be flipping burgers anymore if you can make year salary by just staking stable coins.

[Anonymous No.22436190]

>>22436052
Yeah, this is not sustainable, the more people that add liquidity, then more it gets spread out and is lowered, as you can see in YFI the rates are around 30% and will eventually end up just around 3-10% probably. I am farming 6k and currently I make around 1 YFV a day which is not bad

[Anonymous No.22436268]

>>22436052
The whole thing is that the higher pools, you risk impermanent loss, as you are market making, for EG a BAT/YFV pool is 680%, however this will also go down but if BAT was to tank, your liquidity of YFV/BAT will be used to buy the tanking BAT and you will be selling YFV to buy up those selling BAT and left with a load of tanked BAT which may not be even worth the 600%.

I am just talking about literally depositing stable coins, this is similar to a bank, YFV then has more stable coins to lend out and earn a return from those using it to borrow. so No impermanent loss and it has been audited, there is literally no reason to be holding stable coins on an exchange over 1k

[Anonymous No.22436315]

>>22436190
So why would anybody put their money on any yfi random crypto project over boomer stocks like coca cola, if percentage will end up being about same.

[Anonymous No.22436431]

>>22436315
Because you can borrow stable coins against your 98/2 deposit and buy a different coin you like and hopefully make money two times.

[Anonymous No.22436439]

>>22436315
Boomer stocks is not really a good comparison and in the seed pool you are just depositing money so the protocol can use it, this is basically what banks do and so you would compare it to the bank.

For EG in a bank you deposit money and they give you like 0.04% ETC and a free amazon gift card incentive or something for large accounts and that's it right. Well then they use this as collateral to make loans out, all different types eg mortgages, business loans, overdrafts, the reason a bank can lend this out is because they used your money in checking as collateral. The bank ends up making a fuck ton of money from the difference between the 0.04% and monthly fee, atm fees etc they charge you and the interest they charge on their loans, eg 4-10%

With YFV the 'profit' from this difference is all spread between token holders and so this is why people are saying it is a huge innovation, As these projects get more into the traditional non crypto world they will directly compete with banks.

Anyway back to coca cola, your money is not just being stored in a vault, your return could be positive, but could also be negative, if the market crashes, your USDT, DAI etc in the seed pool is not affected, Coca cola could lose say 20-30% of it's value