/biz/ - Business & Finance

And if you know that, you should also know this.

>>20483419
True that

>>20482805
For those bizraelis that don't know and are morons. Its the testing bed for Fantom. And it went off today in TVL.

>>20483905
Explain to a brainlet Fantom holder please

>>20484129
I second this

>>20484129
Andre cronje has a platform called iearn finance.

>>20484164
Right. This is Yearn logo? Got it now.

>>20484129
Since you’re a fellow fantom chad I’ll just spill it. The token for iearn finance got released today. Already 10x but still sub 1 mill market cap.

https://www.coingecko.com/en/coins/yearn-finance
>2820.2%

WAT

>>20484274
Red pilled. Still has a low add market cap. And token holders are about to vote on Staking for platform rewards or burning YFR for platform rewards.

Forgot to mention, token holders will also be voting on if anymore tokens will be minted. That means this thing could be capped at 20,000 tokens.

>>20482805
Since there are twenty threads on this.
The IP here is the testing ground for Fantom Defi btw. Andre has declared the YFI token is worthless check his medium. Stablecoin Defi Whales are manipulating the price oracle on Coin Gecko. They are staking to earn this low float erc20 gov token, dumping once they claim rewards, real returns will be made holding Fantom, screencap this.

>>20484423
>Andre has declared the YFI token is worthless check his medium
I checked and didn't see that. Which article is it, link?

>>20484423
>Andre cronje
>>20484460
its bs https://twitter.com/Daryllautk/status/1284697527053238274

>>20484380
How do we vote? I've got some and would be happy to help stop the mcap at 20000. but the UI doesn't seem to be finished yet. I can interact through etherscan if anyone knows the contract address?

>>20484423
Interesting. I’m a fantom holder too, but I thought this was just a defi side project that was its own thing. You got a link?

>>20484487
ygov . finance

>>20484460
In further efforts to give up this control (mostly because we are lazy and don’t want to do it), we have released YFI, a completely valueless 0 supply token. We re-iterate, it has 0 financial value. There is no pre-mine, there is no sale, no you cannot buy it, no, it won’t be on uniswap, no, there won’t be an auction. We don’t have any of it.

https://medium.com/iearn/yfi-df84573db81

>>20484512
probably I'm just a brainlet but clicking vote does literally nothing

>>20484476
>>20484543
Hmm, well seems like the market doesn't agree with Andre but it's interesting to hear him say that. Might be worth a shot although buying after a 30x is not my jam despite the low cap

>>20484560
The UI is not connected to the smart contracts yet i believe. Think they are deployed yet not integrated to the UI. Voting expires in 5 days, so probably will be implemented today.

>>20483419
nobody cares about fantom shit
kill yourself

>>20484701
right, thats what i said in my first comment. just thought maybe someone would know the contract address so i can use etherscan to vote

>>20484761
You’re not entirely wrong.
Few care about it right now because they don’t get what’s about to happen.

>>20485386
I fucking hate you fantjeets. Infesting threads of legitimate projects like filthy cockroaches. Nobody came to this thread to buy Fantom, get the fuck out.

>>20485489
you said it best, anon

>>20485489
Literally the same dev and source code only on a faster dag protocol

>>20485622
I mean this truly and sincerely: kill yourself.

>>20485489
Listen. Dumbfuck.
DeFi gives Ethereum value. Not the other way around.
And right now, Ethereum is DeFi’s limitation.
These DeFi projects won’t give a fuck about Ethereum if they don’t need to.
Fantom makes DeFi fast and cheap without abandoning Solidity.

I’m sorry if you can’t put it all together.

>>20485771
>what are network effects

>>20485771
> what are L2 techs on ethereum
> what is zksync
> what is loopring
> what is omgnetwork
it's a matter of time before defi massively migrates to one of these solutions
why would they MOVE TO ANOTHER CHAIN WHEN THEY CAN MOVE TO A LAYER 2 KEEPING ALL COMPATIBILITY AND USERBASE ?

>>20485845
>NOOOOOOOOOOOOOOOO YOU CANT JUST USE PRATICAL EXISTING SOLUTIONS TO SCALE ETHEREUM DAPPS YOU HAVE TO BUY MY ETH KILLER AND MAKE ME RICH

>>20485845
im bullish af on eth but moving to l2 will likely lose composability with contracts on l1 or other l2 solutions. thats the main reason we havent seen mass migration to l2 already. composability is where much of eths network effect comes from

Never mind. You’re right.

The internet of money will DEFINITELY want to forever be chasing new layer 2 scaling solutions.

Just like banks and businesses run all their legacy software on the actual old computers it was developed on (overclocked, of course!) instead of within VMs on modern computers.

Because additional complexity to old tech always wins.

Shit. Now you have me worrying Tesla is going to lose to hybrids.

Lost track of how much x I'm up on this thing tonight. Whew

>>20486089
>Because additional complexity to old tech always wins.
This, but unironically.

IM IN!!!! Let’s gooo !!
MC 4,2 mio. Literally buying the best mix of all DeFi in one coin!! Thanks frens

Btw - delete this!!!!

>>20486211
Plenty for us all man, no need to fake fud

>>20482805
Looks like SUTER

No brakes on this one. Pretty wild

It shows a crazy percentage gain just because of when coingecko states tracking the price. Don't be scared by the massive % gain. Pay more attentive to the market cap.

>>20482805
This went from 30$ to 1,500$ in one day. Absolutely not buying.

There are 2,200 tokens circulating and only 6,700$ in the rewards pool. 1 token will give you 3$ when redeemed, yet they sre trading at 1,500$. Yea absolutely not

DO NOT FALL FOR THIS

>>20486236
It actually does desu