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/biz/ - Business & Finance

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58073005 No.58073005 [Reply] [Original]

>bro just borrow some stables and vault your stack for leveraged yields, lock them for some boosted lp gains, wrap them for some liquid frankentokens on protocol xyz, compound your stack into a flywheel and loop it back

how the FUCK does anyone understand this shit

>> No.58073020

>>58073005
but it's the future of finance OP!!

>> No.58073071
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58073071

Because they are smarter than you, simple as that

—— I’m 6’3 btw

>> No.58073119
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58073119

I'd loop your mothers flywheel back if you know what I mean

>> No.58073132

defi is a midtwit trap for this very reason

>> No.58073137

>>58073005
Have an IQ > 100.
Have one slightly higher and you'll realize not to bother with that anyway.

>> No.58073166

>>58073005
it's less complex than you'd think. the problem is that there are A LOT of bad deals out there, that get propped up because of retards

>> No.58073238

>>58073005
>he doesnt understand the simple concept of opening a collateralised debt position then taking the lp token on that cdpt and depositing it in a yield farm, meanwhile taking the borrowed cdp backed stablecoin and depositing it in a leverage yield farm thats 8x looped/leveraged to earn quadruple digit yields on top of the boosted yields on the original collateral
ngmi

>> No.58073284

>>58073238
ah fuck I forget to mention that the collateral in the cdp is twice restaked eth