[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 164 KB, 1280x960, 1599745172405.jpg [View same] [iqdb] [saucenao] [google]
22563769 No.22563769 [Reply] [Original]

Can anybody please spoonfeed me on YF/LM? I have 54k link and I'm willing to gamble 4k of them to try this bullshit. What I don't get specifically: what do I do with the yaLINK I receive from yEarn in step 3? the next step says I'm supposed to deposit stablecoins into Curve's Y pool, is that the one shown yEarn vaults (called curve.fi/y LP)? and where do I get those stablecoins from exactly?

>> No.22564117

bump

>> No.22564647

final bump

>> No.22564855

The returns really aren't that great. Ideally you deposit your linkies into aave, then borrow a stable coin, then use that stable coin to add liquidity to something else, and stack it all as hard as you can.

While eating massive gas prices and risk along the way. You missed the boat anon

>> No.22564930

>>22564855
35% APY just from yaLINK alone isn't too bad, though. I'd probably wait for gas prices to cool down again anyway

>> No.22564956

>>22564855
>use that stable coin to add liquidity to something else
where?

>> No.22564977

>>22564930
>. I'd probably wait for gas prices to cool down
How do you gas price will cool down?
Also one question: why is everybody worrie about gas price?

>> No.22565002

>>22564930
I mean why foes gas price comes into the equation? What is its purpose?

>> No.22565013

>>22564977
gas prices are probably inflated by the uniswap airdrop

>> No.22565083

>>22565002
for every step along this defi bullshit you have to pay gas

>> No.22565095

>>22563769
DO NOT DO IT anon. They want your LINK.

Put those 50,000 LINK in a cold wallet and wait two more years. When you have $5M, cash out.

In the mean-time. Sell 4K LINK for Safex miners and mine until 2022.

>> No.22565234

>>22564930
I don't trust the quoted 35 percent. It was mid 50's when I first threw my linkies in ~3 weeks ago.

Realistically I've gained about .8% over the month or so I've had them in there.

In another month I should be whole as far as gas fees and shit are concerned, then it's free money I guess. But a lot can also go wrong: it's smart contact stacked on smart contract.

>>22564956
Uniswap, curve, balancer, and meme food token

>> No.22565357

>>22565234
I see. But wasn't aave and yearn audited multiple times by now? How many linkies did you throw in?

>> No.22565382

>>22565083
>for every step along this defi bullshit you have to pay gas
so 50 usd x 3 = 150 usd?
This is the problem?

>> No.22565406

>>22565234
>Uniswap, curve, balancer, and meme food token
ok... meme food token which one? How do I know which one?

>> No.22565578

>>22565357
Aave is safe, but yearn works by doing the above steps in a safe-ish way. It's why yalink really doesn't go anywhere.
Yearn might be safe ish, but if any of the underlying assets you're into break, guess who else is getting hit.

I threw a thousand in there, I'll prob need to wait another month to be made whole. Was thinking of unrolling the yearn vault yesterday morning before the gas spiked, and meta mask default price was over 130 usd

>>22565406
The one with the dumbest name and biggest apy

>> No.22566377

>>22565234
Use a defi tracking site, the apy is more like 5%.

>> No.22566408

>>22565382
Im going to be brutally honest, you come across as someone way too new to the sphere to be messing with defi.

You're going to get absolutely fucking wrecked on fees and pool 4 dumping. Just pick a good token and hold.

>> No.22566533

>>22563769
You get yaLink and stop. The other steps are automated by yearn fren. Returns are low and risk is high right now though.

>> No.22566661

>>22566377
Checked. And yes, but it's not a flat return rate. Most days I'll wake up and check and i have a fraction of new link, other days I'll have a couple of extra stinkies in there. This shit is too new to really extrapolate like that accurately

>> No.22566721

>>22566533
The health factor of the vault has been worryingly falling lately as well.

>> No.22567401

>>22565578
>>22566377
>>22566533
thank you very much for your input, anons. I decided to stay away for now, might come back to it later. Staking 1m AKRO is good enough for now.