Yearn.finance

YFI bros we're breaking out! The votes should be in soon along with V2.

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I bought this under $1000 because of a meme that claimed it would match BTC. What does it do? I don't know, and I don't care. But I'm going to make a fuckton of money off it, and there's nothing you nerds can do about it.

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Andre please pump my fantom bags

It's the new frontier and the hardest form of money known to earth. Check out the pic, it shows how much all the top coins would cost if they had equal supply to YFI. Yearn is a top 5 project.

whoa, every single bucketshop wash trading LMAO

Around $100k.

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I thought the token didn't do anything tho.

$100k will be easy during a bullrun where defi takes the top 20 positions.

That was a meme by Andre

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Implying that the crypto market doesn't grow... can this reach $1mm each?

We got a brainlet

Why is it hard money? Isn't it a governance token?

newish to trading, can someone explain to me if it's a bad idea to just dump 100$ into like 20 different cryptos and see where it gets me?

Diversifying your portfolio is always good, depends on what you get obvs

totally normal and organic defi chart here everyone, continue buying

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if i buy this token, how do i farm it ?

Low IQ statement.

It's because of the governance vote ye brainlet. Everything's on pause currently until the votes are in. Doors will open up again once thats been passed.

When is YFI farmable again?

Put almost $13 into YFI yesterday, am I gonna make it?

Once the vote passes which should be any day/hour now, explains the price movement too

Can someone explain one thing to me?
How does yeld farming work?
I have 100'000 usd... I buy 100'000 DAO I stake them and get 6% per year... now how does yeild farming comes into the equation? What does it add to the table?

You'll need to a high iq genius to explain you that, try youtube

Yearn.Finance (YFI) is a quality of project that only comes maybe once every 1 to 2 years in crypto. Our 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.

YFI is a share of the network. Only 30,000 people can ever own 1 YFI. It is more scarce than Bitcoin. I'm all-in, never selling.

>You'll need to a high iq genius to explain you that, try youtube
Please help

So 30k tokens is all that will ever exist for YFI? They're pretty much already all in circulation then?

>So 30k tokens is all that will ever exist for YFI? They're pretty much already all in circulation then?
yeah, they are all in circulation. only the top ethereum defi guys knew how to farm it. so the tokens are in strong hands

Seems likely a bump to 50k to keep the music going

>yeah, they are all in circulation.
I thought there would be a relaunch until 50k?

Never change biz

Owning the coins lets you farm at higher APR?
What happens when no more YFI can be mined?

he wrote that to keep brainlets away.
It's important for governance token to be held by smart people able to see through obvious bullshit.

>What happens when no more YFI can be mined?
the platforms continues to work and yfi holders earn fees.

>he wrote that to keep brainlets away.
>It's important for governance token to be held by smart people able to see through obvious bullshit.
this

Should I stake on the Y pool on curve again to get ready for the relaunch? Or will it be farmable somewhere else?