/biz/ - Business & Finance

>>22471669
january some time

>>22471727
I'm hoping by EOY, feeling very comfy holding this.

>>22471669
Just got up to a full YFI token on the dip and feeling comfy as hell bros. I’m thinking 100k EOY and possibly 1 million peak bull run over the next 1-2 years. There will be some psychological FOMO once normies hear there’s a coin worth more than bitcoin and has the potential to reach a million

How is this not a ponzi? You earn interest from locking up crypto with them but where are they earning the income to distribute those earnings besides with other users funds?

>>22471830
Until the whole yearn ecosystem collapses from 1 bug

>>22471830
Yea it's funny cause I was trying to swing low cap coins so I can increase my YFI holdings, but it turns out just holding YFI would probably yield me a similar return with less stress and more time on my hands. We need another August hype cycle for that I think, the market cooled off a lot.

>>22471830
Usually people want at least whole 1 coin ...
I doubt normies will be into buying fractions of coins, and most can afford 1.

They'll look at it and say.. meh too expensive.

be interesting to see what happens once rates normalize

>>22471914
meant to say "most can't afford"

Where do you stake YFI ?

>>22471914
I get that, but that didn’t stop most normies from FOMO’ing into bitcoin with lunch money for tiny fractions. I could see it going both ways

>>22471669

It’s so damn expensive yet at the same time it hurts me to sell every single one of them

The new single side amm borrowing shenanigans is just mind blowing and they are voting to burn the YFI minting function of the SC forever.

This should have been our coin. This was the next link, except this time we were slow :(

>>22471964
I don't think it's too late, I see a lot of smart money backing up this coin. I don't see why it wouldn't be a top 10 coin when you have shit like litecoin...

>>22471964
https://m.youtube.com/watch?feature=youtu.be&v=SkTuMVBLBNQ

Andre says here that the new lending/single sided amm/everything collateral stablecoin will allow the 10x the influx of capital into the system.

If you’re not diving in this rabbit hole right now and yet is chasing food protocols you don’t deserve to make it

>>22471875
Why do banks compete to hold as much of your money as possible? Because they can use your capital to allow for other investments that make them a return (loans, investments, repo, whatever).

YFI is just doing the same thing and you're not getting totally jewed by the money holders, largely because the governance structure of the system is set by the token holders.

Imagine not understanding that this is literally one of the largest banking ecosystems in crypto and by holding the YFI coin you're able to participate in that system. This is still underpriced by a magnitude of 10 at the very least, most likely 100 and possibly even 1,000 if they can figure out a derivatives market.

>>22471992
I don’t think it’s too late yet either. It’s just way more expensive than I wish it was lol

>I didn’t buy YFI at 3000$

>>22472003

They’ll fuck DAI real good with the everything collateral stable coin

>>22472046
I share your pain

/biz/ failed us with YFI, it blew right under o

>>22472046
I saw it shilled at 2k but it was already up like 10x and Andre came on record and said the token had no value and he didn’t understand why it had increased so fast to the price it was at. Then the shit pulls another 15x from there. I fell for his fucking 4d chess and feel like a goddamn retard

>>22472067
People use biz to shill pump and dumps mainly.

>>22472053
This is a finance black hole that, along with AMPL, will suck up the decentralized finance sector. Market cap unironically going to 1T.

>>22472067
It was posted many times but was drowned out by uniswap scams. I remember opening a new thread about it the week it was released, looking at the website, seeing the shit liquidity and price on uniswap, and then closing those tabs to masturbate to trannies on /gif/.

>>22472067
I’ve been on here for 2 months straight everyday and only saw like 1 YFI thread with barely any replies and only once did an anon tell me to buy into it but all he said was: ”Go all-in on YFI” /biz/ doesn’t want us to make it they just want to make it alone

>>22472135
Better late than never, and even then we technically aren't that late, what are your current holdings?

>>22472046
>I sold at $5000 and thought I was a genius trader

>>22472199
OCEAN, XSN and QQQF. Used to hold STA too..

>>22472079
>>22472067
>>22472046
same. we're gonna be okay bros :(

>>22471669
>When do you guys think we're hitting $100k?
by halloween

>>22471669
Top 100 wallets hold 26k of the 30k topkek. Exchange wallets or not, too skewed.

>>22472135
Yea, nowadays we just have retarda shilling statera

I miss the old biz, assblaster, drunkanon, sibos, all the awesome farsighted folks that unraveled chainlink back in 17.

Nowadays it’s hard to see any decent discussion, even past the noise

>>22471669
YFI to 200k eoy

>>22472238
There’s hardly any reason to sell anyway

>>22471669
scam link at 5 bill map. i feel like200k yfi is few weeks away. that matches link mcap

>>22472225
I believe Defi projects are igniting this bullrun, imo you should invest in stuff like SNX, LEND, COMP, YFI, UMA etc.. Maybe set aside a little bit of play money for small cap coins to speculate on but not too much.

biz missed every big defi coin aside from link. jannies have been deleting yfi/snx/aave/nxm threads for a while. just look at what the big crypto funds are holding

>>22472367
tell me what is next YFI retard. is it FARM ? or some shit tell us

>>22472238
Let me guess this includes the governance contract and vault?

>>22471875
everything is a ponzi, anon

>>22472367
So the jannies are the cause? THEY ARE THE ONES RESPONSIBLE?!

>>22472367
>jannies have been deleting yfi/snx/aave/nxm threads for a while
no, you retards were just obsessed with shit like xamp and coomer coin when yfi launched.

>>22472588
ive seen literally dozens of yfi/snx/aave/nxm threads get deleted. yfi and nxm in particular they were shameless about it

>>22472367
>the big crypto funds
where to find their addresses?

>>22472620
I made a QQQF thread and got a week ban for it, are you telling me jannies are abusing their power to accumulate? That’s so fucked up.. I’m kind of afraid of posting more about it because of that.

>>22472413
just do your homework and tail insiders. yfi/snx/aave/nxm are all guaranteed 8x or more probably within less than a year.

if you just listened to what Vance Spencer said 8 or 9 months ago, and bought everything he invested in, you would have 200x'd at the very least. if you dont understand why decentralized finance is the first meaningful use case for crypto, and why crypto protocols with P/Es of 12 like yfi are guaranteed 10x's, then its better to just invest your time into wagecucking for guaranteed money probably

>>22472690
What about Ren?

RWS will be 1 million before this shit

>>22472690
Fuck. I already have 15k LEND and 1 YFI but now you’re really making me wanna get some SNX as well. Should I sell Stake and Tellor for this?

>>22472689
i got banned just for mentioning YFI in a random thread when it was $600 and everybody was farming it for free and flipping it. the jannies know what theyre doing for sure

>>22472722

Tomorrow’s coinbase pro listing

Ride the pump, faggot

>>22472817
let's goooooo!

>>22472046
thats only a 10x lol thats nothing

>>22472046
Bought in at $30k last month , still waiting for the 100k dump day.

>>22472238
Not surprising, who do you think farmed this? Whales, if you were a small wallet farming YFI would barely have been profitable especially considering the gas fees. There's around 11K wallets, don't remember how many wallets were there when LINK broke 1B but it was way more than that. Now you need almost 40K to get 1 YFI, literally priced out anyone who wasn't in since the early beginnings, mooned fast and hard and stayed there.

>>22472817
I already have 1 YFI token and am ready anon. I’m talking about SNX

>>22472817
couldn't it dump with everyone cashing out on coinbase?

>>22473263
np dumps for yfi. lot of events lined. first major dump would be when it hit 10 bill mcap. which is yfi 500k

>>22472510
Yes, they delete the thread and buy themselfs.

>>22473608
Just saw this thread get removed right after it was posted what does it mean?

They delete a lot of random threads today. I created 3 about the ubt wallet hack. And only the third one wasn't deleted.

>>22473655
They deleted a FUD thread I made on Kleros last week

We need a decentralized /biz/

>>22473655
unironically looks like we need a decentralized 4chan

>>22473627
Jannies are on the roll of pay.

Oh damn we might be hitting 50k today.

It already peaked. There are dozens of yield farm platforms offering higher returns. I personally like FARM.

fuck jannie scum removing SAFE threads today

jannies ruining the board letting untold pajeet scam threads stay while deleting legit projects so they can accumulate what filthy individuals

>>22473987
>fuck jannie scum removing SAFE threads today
there is no reason to talk about that here right now

bitconeeeeeeeeeect

Yffii is yfi clone with lowest mcap. Staking coming out soon too. Easy 10x imo.
I already flipped yfii yffi yfl syfi yfv
Next easy flip is yffii
If u dont have a tiny bag of this ur doing urself a diservice.
Jannies dont delete this let biz get in early on the clones

>>22471878
'test in prod' is so cringey and is going to end poorly

>>22471875
it's yield farming (mainly crv)

>>22472238
brainlet, this includes the governance contract, aave, and uniswap.
Distribution is actually great, I have never seen a more distributed token. I don't think I saved the chart just after the farming anywhere though

do i get into $safe

>>22474750
How many yfi would be top 150 after farming?

>>22473893
yield farming is a short lived bubble, outside of crv, cream and swrv everything now happens on lp pairs which those protocols can't farm.
Yfi is building a sustainable ecosystem for normal defi, clones are not doing anything other than farming the most obvious things and taking their cut.

>>22472053
kek wow better short DAI

>>22473699
https://twitter.com/ind_imm
IND IMM was shut down by Ripple Themselves

>>22474773
Definitely two digits, if I had to guess 30. The distribution was very nice, few whales mostly with low hundreds, and then it just started slowly leveling off. 10 yfi was about top 300 if I remember correctly.

>>22474769
Coingecko > SAFE (yearn.insure) > Markets > Balancer

>>22474843
Thanks anon. I unironically had 40,but ended up with half because I felt like "derisking" after the MTA vc fund movement shit ironically fucked me over hard. Fucking vc shit.

The token has no fking use case besides governance. You earn the same amount of yield without owning any YFI, so why are people buying this? Its a massive bubble, be warned.

>>22474861
Can you farm SAFE?

>>22474769
What is this? Why is it up so much and how far can it go?

>>22474996
typical midwit post

>>22475000
If you have under $50k then farming anything isn't worth it desu. Just buy coin and wait is my strategy.

>>22475047
Oh. Ok, thanks for the tip. I only have $1k, got any tips on what to put such a small amount in?

>>22475047
Whales are just going to dump this shit on buyers lol.

>>22475066
Honestly, I don't have any recommendations at this time. It's all a gamble. If you think YFI will pump then get YFII since it pumps harder (but also dumps harder). Already up 30% on SAFE and I bought an hour ago. Still relatively unknown to a lot of people so maybe SAFE if I had to take a risk. I have been wrong before chasing pumps and felt bad giving wrong advice to others on here. Best I can say right now is treat it like a casino.

>>22475222
How high do you see SAFE going?

>>22471669
too expensive for me to bother getting into it. so dont know or care about it lol

>>22472134
same i remember looking at it when it was 300 dollars cause i was checking out andres twitter due to ftm and i didnt buy

love tanny porn tho

>>22475340
I have no idea. NXM has 428m market cap and a lot of people still don't know how to buy SAFE (Balancer) so I picked some up. Could crash hard too. Just gambling on the Cronje momentum.

>>22475627
Balancer works the same as uni?
Just select ETH to SAFE after connecting my meta wallet?

>>22475627
I feel like it could run up like YFI.

>>22475666
YES SIR MY BOY

>>22475719
On what are basing this?

What's the point of SAFE and how does it differ from the insurance the original YFI wanted to do together with nexus mutual?

>>22475748
Or is this it / related?

>>22474012
The jeets ARE the jannies i dont know how many times i have to tell you people this why do you think they refuse to give flags

>>22475738
Basing it off nothing, just a feeling.

stop posting about safe before i get the jannies to delete this thread

>>22476137
I don't think they are deleting the threads. Maybe they filled their bags already.