LINK &YFI VAULTS ELI5
Link marines it is almost time to start making money from your staked link with YFI
Some of you were asking for extra details check out this article to see how it works on a deeper level, we’re going to the fucking moon boys
“ The vault becomes a LONG whale with enough LINK capital. Consider the vault has $1m worth of LINK, which at health factor 4 (assuming 100% LTV) is $250k worth of USDC, earning ~20% APY. That’s $136 worth of LINK purchased off the market, every day. Aave currently has $106M worth of LINK, if that migrates to the vault, it would translate to $14,520 worth of LINK purchased off the market, every day.”
Andre the Profit
JESUS FUCKING CHRIST THIS IS SO UNFATHOMABLY BULLISH
sounds complicated and I have to do that all manually?
FUCKKKK IM GONNA CUM
please user what does all of that mean?
andre is by far the most interesting person in crypto this year.
WE FUCKING MAKING IT IN REAL TIME OUT HERE
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
SO FUCKING BULLISH
Literally the site is about three clicks and you start making money from your staked LINK
Works for any other ERC 20 tokens, there are also sites like Zapper, That make it even easier to
Why can I not wrap my head around this
Every 10 years a new generational figures brought up, from Jordan to LeBron and from Satoshi to Andre
so is it like yfi?
you dont have to user
its simple af
deposit link - get paid in link
thats it
the protocol does the rest
the extra reading is just homework
He’s just automating things you can do manually now.
It’s true that you could trade your link for a stable coin correct?
And then you could use that coin on something like curve.fi to make 20% interest too, and with the profits, buy more LINK
The only problem is this cost a lot of gas fees, this guy Andrea’s figured out how to put all of that logic into a smart contract it’s genius
Is it safe? I've seen a lot of scams over the years
is it worth staking yfi at the moment?
Yep both LINK and YFI are ERC 20 tokens that can be exchanged for a stable coin
and I get paid in LINK?
Staking? Maybe maybe not until cooler products like leveraged stable coin or LINK vaults are ready
Speculating on buying a YFI? Only if u like money
Yep, put link in, get more link out
At the same time your fucking Zeus capital Because the new link is purchased from the open market
and I can stake as much LINK as I want?
It’s still a couple weeks old only so used with caution.
They are working on a solution to have insured contracts which is something that I never thought would happen. Insuarance would help ease our worries
Put Lincoln get more link out.
Also screw over Zeus capital at the same time, because the smart contract is buying at market rates
Nope 3 clicks and your back to jerking of to traps on /gif/ Danny
I don't believe it's malicious, but you're still trusting your keys to someone elses code. wait a week or two until more people have looked over it.
sounds good
you guys gonna do it?
how much profit would I get if I stake 10k Linkies?
how to calculate that?
Wow bullish for scams. I'll just keep my linkies thanks
thats not a scam its from the same guy that made the yfi pool and that worked
Maybe close to a couple hundred bucks a day based on the article.
80 K is about 12 times less than 1 million, and I think 1 million would generate 15 K in fees so 15 K divided by 12 is over a Grand broski
It’s OK there’s no rush to stake.... wait and see if it’s a scam and then come back with fresh eyes.
Complete disclosure I only have YFI and ZRX As a closet bitcoin maximalist that’s all I’m allowed to carry on my persons in the citadel
10k=$96,000
25% collateral: $24,000
@20APY=$4,800 per year
Probably a lot more than this as you are rebuying link with the profits every day, and the price of link is still going to rise a lot more.
a couple hundred every day?
sounds awesome
and party wont stop this time because like yfi there wont run anything out right?
I have 99% chainlink
thanks
