[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 55 KB, 800x600, 93302099-478B-40E3-B693-7A7ACAA911B9.png [View same] [iqdb] [saucenao] [google]
23905501 No.23905501 [Reply] [Original]

Why is this worth $17,000?

>> No.23905604
File: 663 KB, 2312x926, yfi1.png [View same] [iqdb] [saucenao] [google]
23905604

if you don't know then your too stupid to understand the fundamentals...

but look chart about to go BRRRRRR

>> No.23905644

>>23905604
Yeah I'm not opening even a 5x futures on that thing.

>> No.23905676

>>23905501
It isn’t, I’ve been staking 2 of them for a month and I bought them at 10.5k each and computer I was getting a 5.5% apy on staking. Paying $17k for one doesn’t make sense unless you feel confident Andre will add revenue streams or TVL is going to 5x in the future

>> No.23905701

>>23905501
DeFi blue chip? what else do you have to know?

>> No.23905905

>>23905644
>>23905676
>>23905701

think best strategy is let it stake in the yfi vault

not this cycle most likely but by next cycle i'll be at 2 yfi an extra .5 yfi through staking alone

I believe we're early and there is an everlasting amount of tokens you can use to create lending strategies on and the Defi scene has just kicked off

I think this will be best lending play until something like a potential flare/spark comes around and takes off after a year or so but that's why you hedge your bets

>> No.23906006
File: 9 KB, 225x225, 1598394126342.jpg [View same] [iqdb] [saucenao] [google]
23906006

$17,500

cope

>> No.23906059

Greed, human emotions and impulses, like everywhere

>> No.23906086
File: 81 KB, 224x225, 77804D84-DB5E-4AF2-8AC2-51027F517B94.png [View same] [iqdb] [saucenao] [google]
23906086

>>23906006
I own 1 YFI and I have absolutely no idea what it does

>> No.23906129

>>23906086
You send it to me and I make it 4 and send you back 2.

>> No.23906183

>>23905701
it doesn't do anything right? if fees are added that go to yfi holders people won't use the vaults since they're so easily cloneable and the economy of scale has diminishing returns. it's not like uniswap where there's a natural monopoly

>> No.23906248

>>23906086
Based . How come bro where you see this shit going

>> No.23906764

>>23906248
Bitcoin is “worth” 500x what YFI is based on marketcap, even a 10x or 100x would still place it below Bitcoins value. Even at $500,000 per YFI it is still worth “less” than Bitcoin, and I think it will be funny to see how it plays out. I also still have no idea what it does

>> No.23907191

>>23906183
You're right it's a useless token that's shilled hard by chinamen who managed to buy up a huge chunk of the supply early on and corner the market.

Do you really think this shit will be around in 5 years?

>> No.23908251

>>23906764
YFI is the new Bitcoin. 100k EOM.