/biz/ - Business & Finance

Yearn.Finance (YFI) is a quality of project that only comes maybe once every 1 to 2 years in crypto. Thier 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

>>20749241
See pic related.

There's a few good vids up on ytube explaining it in further detail

0.5 YFI = Suicide stack
10 YFI = Make it stack

This.

>>20705224
>what does the token do though
it's yStables will replace fiat, stablecoins and bitcoin

yfi is the hardest form of money known to earth. it will replace fiat, tether and bitcoin.

the top ethereum defi guys own some fyi. follow the smart money

yfi is the hardest form of money known to earth. it will replace fiat and bitcoin.

the top ethereum defi guys own some fyi. follow the smart money

all the top people in ethereum defi own some yfi