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/biz/ - Business & Finance

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20758498 No.20758498 [Reply] [Original]

This shit is like BTC back in the day, there's a reason it's not being shilled by discord pajeets on here. Only 30k supply and it's bleeding edge.

Wait for a bit before buying in if you do, it might drop slightly more. You're welcome. V2 is on its way. Don't wait till you fomo in at $50k.

The hardest form of money known to earth. The king of DeFi. It will be in the top 5 along with Ample.

>> No.20758542

too hard for low-iqs to understand like they do with ampl

>> No.20758548

Sad I had the chance to go all in at $850 a token and didn't.

>> No.20758652
File: 27 KB, 400x400, 57gsakjg32i21.jpg [View same] [iqdb] [saucenao] [google]
20758652

>>20758548
Same, I've dismissed it at around $1.2k fomoed in at $2.4.

Some serious money flowed in today, big investors are starting to take notice, most of the major players in crypto have already jumped on board. I'm literally just following the money here

>> No.20758666

>>20758542
Yeah it's probably still too early for biz

>> No.20758731

Whose here putting their linkies in a yVault?

>> No.20758793

Owning YFI basically a bet on andrecronje and samczun to deliver a superior products for yield farmers than alternatives like mStable.

One is valued at 6 times the other in total market cap.

Place your bets accordingly.

>> No.20758979

>>20758793
Pretty much.

>> No.20759491
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20759491

Anyways I'm off, gonna bump it for all the high IQ biz bros out there

>> No.20759991

>>20758793
Everything I've read makes YFI sound like bleeding edge technology and MTA is a pos. I do think MTA is undervalued in comparison, but does it really stand a chance against YFI?

>> No.20760087
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20760087

>>20759991
MTA doesn't even exist on the same plane as YFI/Yearn. Pic related is where MTA fits into the grand scheme of things. MTA is just another option for Yearn, just another concubine in its figurative harem of yield playthings.

>> No.20760114
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20760114

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

>> No.20760125
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20760125

Holding YFI to $10,000+ or 0.

>> No.20760204 [DELETED] 

If yStables is used as the de facto settlement asset for all financial activity in the world YFI will have a quintillion marketcap.

>> No.20760234

>>20760125
$10k is fud

>> No.20760252

>>20760087
Can you explain the concept of why MTA tokens gain value if people just farm them and sell them?

>> No.20760300

>>20760252
No

>> No.20760309 [DELETED] 
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20760309

Imagine how big YFI's marketcap will be when yStables are used as the de facto settlement asset for all financial activity in the world the world. Think quadrillions

>> No.20760335
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20760335

Imagine how big YFI's marketcap will be when yStables are used as the de facto settlement asset for all financial activity in the world. Think quadrillions.

>> No.20760362
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20760362

>>20760335
Here’s how much all the top coins would cost if they had equal supply to YFI.

So YFI would be around $100k

>> No.20760478

>>20760335
Okay, Anon, please give it to me straight. I had 38 of these the other day but sold 10 of them for CUR and DTH. DID I SCREW UP??

>> No.20760670

>>20758731
how ?

>> No.20760695

>>20760670
>how ?
>>20760478
>Okay, Anon, please give it to me straight. I had 38 of these the other day but sold 10 of them for CUR and DTH. DID I SCREW UP??
as long as you hold at least 1 YFI and never sell you haven't screwed up

>> No.20760732

is YFI automatically integrated with V2? why wouldn't people just accumulate at these relative prices if it's inevitably going to infinity and beyond as you are all postulating

>> No.20760770

>>20758666
CHECKED
/biz/ is going to fomo in when it's above $10k

>> No.20760778

>>20758498
Anything that starts at double digits and goes up to quad digits in a few days is dodgy in my book. How much potential for growth is there really?

>> No.20760801

>>20760478
I bought 5 when I saw it had gone into price discovery after it launched. It had risen to $2k and corrected down to $700, and I bought there.

Within a couple days I thought I was a genius. But as I learned more about YFI, and the price kept rising, I realized I had made a grave mistake. This is the unicorn, and I needed more, but the price kept going up.

I couldn't handle the anxiety. After it fell from $4k, I bought 5 more at $3k and then BTC woke up. And somehow, after a rough morning, the price is right back to where it was. This coin is strong as fuck. I can't believe how well it's held up. No one is selling - we know it's special, it's like we have Satoshi working for us. DO NOT SELL ANY MORE OF YOUR STACK

>> No.20760811

>>20760778
>Anything that starts at double digits and goes up to quad digits
that's an illusion, if there was an ico it would easily go for at least $300/YFI

>> No.20760830

>>20760778
Try 100x from here

>> No.20760917
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20760917

>>20760778
let me explain it to you differently:
literally thousands have just farmed this at a mouth watering return, I even took a screenshot as it's once in a lifetime event.
Yet dumps are getting bought.
What does that tell you?

>> No.20760924

>>20760778

This:
>>20760362

>> No.20760928 [DELETED] 

There will only ever be 30,000 YFI in existance. Buy 1 YFI and never sell. When YFI's yStables are used as the de facto settlement asset for all financial activity in crypto if not the world anyone holding 1 YFI will be one the wealthiest people on the planet

>> No.20760955

>>20760801
I'll probably try buying back my stack if any of these two other things moon beforehand...

>>20760362
The crypto market still has a lot of room to grow and these numbers are fud.

>> No.20760956

There will only ever be 30,000 YFI in existence. Buy 1 YFI and never sell. When YFI's yStables are used as the de facto settlement asset for all financial activity in the world, anyone holding 1 YFI will be one the richest people in the world

>> No.20760957

I’m proud of you anons for finally jumping on this. This thing is gonna be massive.

>> No.20760971

Seems too good to be true and I’m too scared to sell some of my LINK.
You guys are giving me link vibes and it feels the way presale did. Fuck please give me more crumbs.

>> No.20761015

>>20760971
Speaking of LINK, in a week or so when v2 launches, yLINK will be the first asset in the vault, which will optimize yields from LINK pooling. All idle LINK will gravitate to Yearn.

>> No.20761017

Scammers

>> No.20761030

>>20761017
You fail the IQ test

>> No.20761061

>>20761015
So how would I take advantage of that? Do I have to own YFI? I was considering putting my link in Aave for the interest, I assume this will be better?

>> No.20761079

>>20761017
Lol here’s a perfect example of a low iq lifeform... anyways moving on

>> No.20761197

>>20761061
no you don't have to own yfi to use yearn
see also the yvault thread >>20758925 automated yield farming over 46% apr on usdc

>> No.20761331

>>20760252
Because of the LP rewards, people are locking them on balancer. Once the rewards end, the demand will wane and the value of mta will plummet

>> No.20761369

>>20761331
Where can I read more about this? How long will it take for the rewards to end?
Sorry for the questions. Trying to understand

>> No.20761670

>>20761369
A few weeks, you can check their posts all the timelines are detailed somewhere.

This new rewards scheme is like the ico bubble, people are keeping the interest rates artificially high to farm the reward tokens. Once this period ends the rates will drop and the tokens will be useless.

Leverage short YFI, MTA, SNX in about month if you have any brain cells.

>> No.20761697

>>20761670
Seems like the complete opposite of what the anons in this thread are saying desu

>> No.20761723

>>20761670
>shorting the beginning of a bull market

>> No.20762676
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20762676

>>20761670

> This new rewards scheme is like the ico bubble, people are keeping the interest rates artificially high to farm the reward tokens.

This is quite true actually, right now DeFi is still all about maxing out those yield farming curves rather than improving and expanding upon the resilience, usability, interoperability and in general the current needs of the ecosystem's apps and protocols; in turn, this also inflates DeFi projects' market caps. This mania will almost certainly lead to something big and bad (either technical or not) happening sooner than later (e.g. next few months) not to say that it will spell the end of DeFi, just predicting how the cycle will play out next. If this does happen, Eth's & DeFi's more mainstream adoption hopes will be setback for several or many months even (which is still kinda ok since at least some portions of these protocols and apps would need time to be porter over to Eth L2 solutions).

>Once this period ends the rates will drop and the tokens will be useless.

True that the rates will drop as DeFi as a whole matures. Untrue that DeFi tokens will be useless, including YFI that will be wholly owned by an already quite vibrant community-led decentralized governance (along with some whales :P); if anything, most DeFi tokens will be worth much more, DeFi has barely taken off yet and, once it does, it will eclipse even the Jan 2018 peak ICOs-led madness period imo.

>Leverage short YFI, MTA, SNX in about month if you have any brain cells.

YFI, SNX are not to be shorted anytime soon, unless you can tell/know something bad is about to happen to one of the key DeFi protocols etc.

SNX could be a new LINK, and YFI itself has unbelievable applicative potential and appeal (e.g. to retail investors, end-users, etc. = DeFi investing made easy)

what MTA aims to do is very much needed and will be a key wedge in driving DeFi adoption into the traditional financial system; however I don't think their approach/project is the 1 one

>> No.20763123

>>20760362
Is the 30k supply final? Aren't they gonna mint more?