/biz/ - Business & Finance

The 13.9% yield is the yield on YFI itself (in dollars), it's income from fees paid by platform users.

>>20758925
Okay so whats the catch? Why are they able to return me 110% of my initial USD investment consistently?

>>20758983
there's no catch, there's a defi token bubble and people are farming COMP, BAL and MTA (probably others, those three are the biggest). You get them for borrowing/lending on compound, providing liquidity on balancer and providing liquidity for musd on balancer, respectively.
If you sell them that's the actual APR you get. I'm farming COMP for a month now, made about 3% in a month on my eth, ie. about 36%
stablecoins give higher returns

>>20758983
P O N Z I

>>20759059
>about 36%
APR of course

for non-dai stablecoins BAL farming was better I was getting between 40-50% APR

>>20759059
Can you explain why a coin like MTA gains value if people are just farming it and selling it?
Not quite sure I understand what's going on here

>>20759205
Mta gives supposedly is going to give a share of mstable's fees, but I think it's ridiculously overvalued. BAL is worthless.
It doesn't matter, people just buy them because 'defi' without much thought. Sell them and be happy some idiot is giving you money for free shit

yvault automates that because currently you need at least $20k for gas fees to make sense

>>20758925
Does buying yfi on uniswap actually make sense? I still can’t figure out why this coin has value. Is it because it gives you a share of the fees? That being said I’m all in.

>>20759315
I think YFI has potential to be in the top 10. Farmers who were going to dump probably already did, so it could moon even in the short term.
I personally farmed a double digit amount and I'm not selling any time soon. Unless I get cancer or something I guess
>I still can’t figure out why this coin has value. Is it because it gives you a share of the fees?
Yes that 13.9% is on YFI it's like a stock dividend. It's also a governance token. It's literally a share in yearn. For a stock 13.9% is a very good dividend yield, especially as yearn can easily grow 10x or even 100x

>>20759399
It will be a 10-figure coin, possibly 11-figures
Barely anyone understands this yet

So if I put $1,000 into this what will I make in a week

>>20759059
>there's no catch, there's a defi token bubble
>there's no catch, there's a....bubble
>there's a bubble

>>20760325
>things must go up forever
>these internet coins must be passed on to my grandchildren's grandchildren

?

>>20759843
-$1000

>>20759399
if i just hold this do i get some kind of dividend ? staking ? i will be fine not touching it for two years

>>20760933
you have to stake YFI to get fees.

>>20759843
$5-$7 probably

>>20758925
I already hold a bag of yearn. This feels like the second coming of bitcoin but this time in a form of yfi

I don't get why this should be better than COMP, BAL, SALT and all the other b.s. DeFi tokens

>>20758925
How do I make extra ETH? I don't wanna be in USD or a shitcoin. Can anyone help a fren.

How the FUCK do I farm CRV?
Can I still stake at the Y pool on curve?

>>20761558
You are going to get crv for being in the ypool
Yvault has a much higher apy

>>20758983
two catches
pricing highly volatile returns in "APR" when in truth it's unlikely whatever rates they show will hold for a few months if not weeks
high vulnerability to smart contract risk and various undiscovered exploits

>>20761734
will YFI be on the Y pool when it's farmable again?

>>20761979

> this