/biz/ - Business & Finance

Would going all-in be retarded or Galaxy brained? I could get three right now but I would probably be retarded

Its the only coin that actually makes money, has the highest APY in vaults and has insurance coming.

>>21647637
galaxy brained for realizing yfis potential while being slightly retarded for waiting until ath

I am about to get kicked out of the top 100. Why didn't I buy more YFI? I am retarded.

>>21647534
what's the fair value of this token considering the developer himself says its valueless?
it derives its value from returns, which derive from insane lending rates, which derive from a massive spike in speculators, but why wouldn't market forces balance all of this out, exactly?
>i want to buy it

People not buying because its "expensive" is the best IQ test ever made.

>>21647534
literally the btc of the defi generation, will be the barometer of all the value in the space

>>21647660
>>21647996
Well I now own .67 I'll try to get up to a full one after the price goes down a little bit. Wish me luck guys

It will be absolutely glorious to see this at $100k and still pull a 2x per day. Shit like ampl got nothing on this gem.

This shit was at 4500 4 days ago. Incredible
I had 0.14 and sold it a couple weeks ago for like $600, I knew it was a good project but I never thought it would go on a tear like this, definitely thought I had more time to buy back in.
I've been watching it from the 4500 dip. Was surprised when it went back up to 7000 so quickly, then it was 8k, at 9k I was like damn I couldve doubled my money in 2 days. And it hasnt stopped going up since

Does it have a value capture model yet?

>>21647996
Wait til you see the price of RWS

im the anon thats been shilling this on biz since 2k. my threads got hardly any replies. biz are shitfor brains. ill only say this once. yfi, snx and aave will 100x from here.

>>21648637
>my threads got hardly any replies. biz are shitfor brains.
same, every thread i've made in the past few weeks would die so quickly. i just wanted to help.

>>21647955
Wait a minute...isn't that a Ponzi scheme?

>>21648637
I took your advice on AAVE, slow steady gains, thx anon

>>21647955
lending rates are not derived from the value of the token

>>21647637
it’s pretty high risk but it’s way too fucking cool not to have some. there aren’t many coins id say it’s important to have a suicide stack of but this is one of them.

>>21648984
how much do you reckon is a suicide stack

>>21648771
What is with you sub-saharan IQ niggers calling literally everything a ponzi lately? Have you ever even looked up the definition of a ponzi?

>>21649227
Yield farming in general is a big stack of Ponzis, but in the same way that the actual financial sector is.

should i stack aave, snx, or both?

>>21649311
both. snx/lend/yfi is the big 3 of defi.

>>21649076
1

>>21647534
Don't shill this please, the team is asking people not to. It's bad for the community

>>21649076
what >>21649402 said

>>21649269
If you use a broad definition of ponzi, then crypto, stocks, and maybe even fiat would qualify. It gets tossed around so much, it has zero meaning now, and only newfags use it because they don't understand anything about anything.

>If all you have is a hammer, everything looks like a nail

>>21649426
Ok i will

>>21649426
>Don't shill this please, the team is asking people not to.
tomorrow morning there will be several "THIS CRYPTO IS WORTH MORE THAN BITCOIN!!!" articles and we're going to get flooded by retards anyway.

if only someone explained in detail why to buy this coin before curve came out...

>>21648637
What about based?

>>21649824
Based is a game

>>21649707
i bought more after that thread, thank you anon.

>>21649856
How does it work?

so, now that this has been formally audited, whats the next fud?

>>21649932
They do a pretty good job of explaining it

https://based.money/

>>21649824
>What about based?
i farmed it and dumped. it was free eth. pasta is the next one.

>>21649974
Thanks

>>21649434
I mean we have all these coins coming out whose only use case is to print more of themselves by staking other coins into them, in the hopes that new people will come in and buy the printed coins.
Sure it's not classic Ponzi, but it's Ponzi-esque.

>>21647652
How does it make money?
After i have yfi what do i do

How can I farm it? Can someone explain it to me like to a complete newbie

>>21650449
>How does it make money?
>After i have yfi what do i do
You stake it and earn yCRV

Not buying

>>21650544
exactly where do you stake it? i can't find it on https://yearn.finance/vaults

>>21648051
based and galaxy brained

>>21650676
>exactly where do you stake it? i can't find it on https://yearn.finance/vaults
https://ygov.finance/stake but you wont start earning yCRV until this gets to $500k https://zapper.fi/dashboard

>>21650449
you need to stake it here https://ygov.finance/stake then you will be eligible to claim fees (paid out in stablecoins) earned by the protocol.

>>21650731
which one anon?

>>21649707
except that idiot thought CRV would go up in price immediately

>>21650817
>which one anon?
those are vaults you put your crypto in to yield farm

thats different from staking yfi. you earn fees from the network by staking yfi.

>>21650817
these are all vaults that you can deposit said token into to yield farm, not YFI staking.

YFI staking is here: https://ygov.finance/staking

>>21650929
CRV did and I got in DAO the moment the UI went live and dumped it as fast as I could farm it around $30-40. Made more in 2 hours than I could farm the next 24. If you read the post, you see it says speculation is high risk. Doesn't say to actually buy it early. Anyone who saw there inflation policy knew to farm and dump only early

this already did a 3x, wait for a retrace

>>21647534
I own about 1000 yaLINK, does that count for anything?

Sounds like there are people here buying 5-digit YFI instead of ZZZ. Some will never learn.

>>21651917
whats sad is that for weeks there have been more "next yfi" threads than threads actually about yfi.

>>21652036
there have been a few 100xs in the last couple months

>>21652090
wow you must be rich

does staking without voting still earn rewards? or do you need to vote to capture rewards.

Also can I keep staked forever or do I have to do it for every vote?


Thanks

and here is the bank for yfi
https://zapper.fi/dashboard?address=0xFEB4acf3df3cDEA7399794D0869ef76A6EfAff52

makes about $100K+ profit a day to distribute

CHAD IS MARKET BUYING

Bullish for Fantom

>>21647955
>what's the fair value of this token considering the developer himself says its valueless?
it was an iq test

>>21651782
>this already did a 3x, wait for a retrace
there's not going to be one it's unironically doing the chad fad rise

is it time to buy CRV now