/biz/ - Business & Finance

I'm all-in, never selling. It is more scarce than Bitcoin. Only 30,000 people can ever own 1 YFI.

Imagine how big YFI's marketcap will be when yStables are used as the de facto settlement asset for all financial activity in the world. Think quadrillions.

Imagine how big YFI's marketcap will be when yStables are used as the de facto settlement asset for all financial activity in the world the world. Think quadrillions

Yearn.Finance (YFI) is a quality of project that only comes maybe once every 1 to 2 years in crypto. Our vision is that eventually yStables will be used as the de facto settlement asset for all financial activity in crypto if not the world. Here’s an analogy. USDC is like keeping USD under your mattress. cUSDC is like putting your USD in a savings account at a bank. yUSDC is like putting your USD with a robo-advisor who then puts your USD in the highest savings account it can find and automatically rotates it to the best interest-bearing savings account across all the banks while charging you nothing. Currently, in the crypto space, stablecoins are used for transfers, margining, borrow/lending. They are used across DeFi and CeFi (exchanges and OTC). Anything USDT can do, yUSDT can do better. Why not trade FTX perps with yUSDT margin? Already FTX takes cUSDT as collateral. Why even have a BTC-USDT pair on Binance when you could have BTC-yUSDT? All that USDT OTC flow from China could be yUSDT. Lastly, why even borrow or lend DAI when you can borrow or lend yDAI (just think about that one). The implications are huge.