>he isn't in YFI
>he isn't farming YFI at 1158% APR
lmao
He isn't in YFI
Owen Clark
Ryder Howard
I've been asking all day through yfi threads but no one answers me, typical pnd scams
I'll ask again: what's yfi relation with ftm aka a known scam?
Lincoln Adams
Jannies literally deleting the threads to preserve alpha lmao
Hunter Nguyen
ok I'm going to tell you how to farm
1. step deposit stablecoins into the iearn curve.fi pool
curve.fi
2. deposit the ycrv token into the ycrv-yfi balancer pool
pools.balancer.exchange
use single asset deposit
you will BPT tokens in return
3. stake BPT tokens on ygov.finance
congrats, you're generating YFI! that's it.
I don't know, is there any relation?
Jack James
note the current apy on the ycrv-yfi pool is 691.8129%
the dai-yfi pool has apy of 1146.9590% but it ends in 10 hours, most likely you won't make the gas fees on difference.
also I'm tired as fuck so the description is a bit chaotic
Chase Garcia
thank you good sir!
When is this all going to come crashing down? Sooner or later people are going to realize YFI is just a governance token with no real value.... Its gonna crash eventually.... right?
Aaron Miller
>Sooner or later people are going to realize YFI is just a governance token with no real value.... Its gonna crash eventually.... right?
that's not true, it gives you right to fees earned by iearn.
It's going to be a sort of an automated smart contract hedge fund as I understand it.
Carson Johnson
interesting. I hadn't heard that. I suppose i should do some research before believing the fud..
Also whats the deal with the transaction fee's on Cruve!? $20 to deposit my DAI??
David Fisher
should have included the rest of the tweet
YFI is interesting because it's an actual share in the platform.
Andre constantly tells everyone it's worth 0 while distributing fees lol
Aiden Powell
yeah it's going to be something like that, I wouldn't bother depositing less than $10k
Connor Long
im in pool two but i';ll withdraw tomorrow when the rewards end. whats the best play then? add money to the ycrv pool? how do you get ycrv?
Juan Johnson
it's so expensive because it first swaps that stablecoin into a basket of stablecoins, and then deposits them into an interest-generating account on some platform (currently aave) so stablecoins in a pool are generating income while being deposited
step 1 you deposit on curve.fi iearn pool
Dylan Peterson
Does this mean it'll collapse tomorrow or what? No fud please am brainlet and been justed too much recently.
Carter Gomez
no it means the dai-yfi pools stops generating new yfi, so inflation drops by half.
Michael Fisher
price will moon when everyone pulls out there dai and a huge amount of people will see the price rise of yfi and fomo in. could hit $10k by monday imo
Daniel Adams
if you deposit dai or susd do you get the ycrv right away?
Ethan Cooper
anyway the apy on fees is 14% currently. if you stake YFI you get fees from the platform. so it's nice especially as the platform can grow, it's a share.
you can't deposit susd directly into iearn you first have to convert it
Josiah Long
>t. All in LINK
I’m glad to see things like this being developed now. I’ll participate after I’ve made it, and can live on the rewards, if it’s better than staking my linkies.
Logan Cook
if the platform grows nicely it can easily be a $5B token, that means ~$150k/YFI as there's going to be some additional inflation in the future.
it's really an income generating share it's unique
Joshua Walker
Sounds like I should go all in. Are you guys selling your YFI or holding?
Samuel Collins
Also thanks for the answer about what happens after the rewards end.
Ayden Foster
I could be wrong, but isn't LEND just a governance token? It's almost at $400 million market cap.
Jayden Scott
it's the first farmed token I'm holding rather than dumping
I'm regretting the 2 yfi I sold after starting farming before I read more
Evan Clark
but to be fair to myself it was extremely hard to get informed on this. information dispersed among discord, forum or even nowhere but the contract code, no simple explanation how things work you can read anywhere
Lucas Martin
What will YFI do for LEND?
mobile.twitter.com
Brayden Gomez
most likely fuck it in the ass, yearn uses all platforms and chooses best yield, aave loses brand awareness and user capture
of course the aave guy is going to try to spin this into a positive somehow, what can he do
Wyatt Long
It was. And the FUD was crazy, as well. Still not sure whether it's safe to put 50% of my crypto into this over the weekend...
Ian Diaz
well I'm just farming although it's over 5% of my entire crypto holdings now lmao
what a moon mission
David Walker
i just fomo'd and bought 1 yfi here's hoping i wake up and it's $4k
James Ross
How do I use my yfi tokens? What do i do with them? I currently have 2 tokens but i am not sure were to start.
Cooper Perez
to stake for fees you need to have at least 1000 bpt in the governance pool (ycrv-yfi) and voted at least once (voting locks your pool stake for 3 days).
Then you can stake your yfi and get fees.
Christian Howard
this could seriously 10x again in a week. unreal growth.
Michael Morgan
yieldfarming.info
dai-yfi ends in 10 hours make sure the gas fee is worth the difference if you deposit there
Lucas Baker
Volume is really starting to pick up, as well. And is still only at $34mm. Just fomoed in with more, too. Hope I won't regret it...
Daniel Martinez
wish i had the balls to go all in but it's just 105 of what i own lol. still, i missed out on ampl, im not missing out in this too...