/biz/ - Business & Finance

[Anonymous No.22404615]

Yield farming and Defi will collapse soon. And the Defi bubble doesn't actually need to pop, a hack is already enough.

If the prices drop now like in March 2020 then it will cause a chain reaction in the crypto sphere which is similar to the subprime crisis of 2008.

It will start with the liquidation of collateral on Aave and MakerDAO. It then goes on with the price fall of curve to sub $0.10 cents and at the same time DAI will lose its peg to 1 USD which will nullify the whole pool and all the money will instantly vanish.

CRV will become your XRP shit coin and will be noted below $0.25 USD forever! YFI will go down to $0.00 USD. With the fall of YFI the whole DeFi system which we know now will eventually collapse.

Crypto-Enthusiast won't be able to withdraw their funds as they wrapped their coins in so many shit coins that it would take forever to get out of it.

And who is to blame for the wrapping madness? Who will you blame for that you have wrapped your chainlink in so many shitcoins? I tell you. It is Chainlinkgod.eth and many other idiots.

Big players in volume like YFI who have built up an economic model that only works during a Bullmarket will collapse instantly.

Nexus mutual will try everything to not pay your claims when this house of cards collapses. No insurance will help you because if they would pay then the nexus holders will get rekt and this will be the end of NXM.

We will enter another crypto winter but this time a very very cold and long one. Crypto will be done for the next 5 years.

And it starts already now. The first signs are here. Have you tried today to add your ETH into the yearnfinance fault? Doesn't work, does it?

Avoid all this stress by simply buying gold.

Kind regards
Peter Schiff

[Anonymous No.22405402]

10/10 meme
I doubt peter schiff would ever use reddit spacing.
Post time stamp.
Thanks

[Anonymous No.22405908]

>>22404615
I agree the defi craze showed how money hungry chainlink God . Eth is. That faggot banned me and I know he is reading this now. Fuck you faggot. You ain't helping shit. And your scum. Enjoy your millions of dollars. You produce literally nothing of value.

[Anonymous No.22405914]

>>22404615
1 YEET = 10 ETH

[Anonymous No.22405920]

>>22404615
>>22405914
Yeet is the future defi needs

[Anonymous No.22406421]

> doesn't know about BEL

[Anonymous No.22406484]

>>22404615
Everything you wrote shows how little you know how things actually work lol
Yes there will be delevreging event but...thats it everthing is overcloeteralised and you literally cant lose depsit in comp,aave,cream etc only overlevreged idiots will get rekt
Yifi is not one "economic model"
Yifi yeth had cap since start and filled in 2 days, rates are low (30% low kek) because it keeps its mkr coleterall at 200% (it delevrages) and you acually can get in pool if you are not cluless retard checking ui and shruging "i guess its closed" kek


Kind regards
Sergey

[Anonymous No.22406509]

>>22404615
YFI's model still works during bear market, if anything it functions better because it relies on gathering interest from lending out capital.

In a bear market more people are borrowing assets to either short them. And even if they are bullish they are borrowing stablecoins to buy the perceived dip.

Low IQ long-winded post by you OP, cringe.

[Anonymous No.22406621]

>>22406509
Yes
Defi died more times in last year than bitcoin in decede, when maker liquidatiosn happend, when scammy shit like bzx etc gets hacked when food ponzi creators exit scam and so on.
What retards miss is that borrowing/lenidng in defi is not credit, everything is overcoleterised if you are not farming on levrage you literally cant get rekt
Now when we do get this credit injetcing projects next year we are in problems but for now only low iq plebs that cant figure out how this shit works are missing 500%+apy gains and seething like op

[Anonymous No.22406775]

>>22404615
How would this affect BTC?

[Anonymous No.22407253]

>>22405914
how 1 YEET = 10 ETH when 2 ETH = 1 TBOW?

[Anonymous No.22407315]

alot of liquidity locks in DeFi
real hard to rug it all

[Anonymous No.22407499]

>>22404615
Aliens would only take our water. The location of our Solar System is the only part in the Milky Way that is abundant in hydrogen. Gold, diamond, crypto, fiat, oil, and anything else is trash for them.