$100k soon
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I sold 1YFI at $7k to buy BZRX at $0.5 I mean yeah I'm making money, but I would have been better off just holding YFI.
fuck me, I bought some at $4k, why did my impatient ass have to sell, fucking paper handed faggot.
yup, but given you sold it could have gone a lot worse.
I looked at the chart at that time and saw that it was back at it's top and probably was gonna surpass that, but felt like it was also the last chance to get a nice BZRX bag since the mcap difference between the two is quite big. Didn't realise that YFI going from $200m to $600m would take less time then BZRX going from $50m to $150m. Oh well at least my main stack LINK is not bleeding anymore and LP is up as well.
Profit is profit nothing bad about this hinsight is always 2020
this is the mistake people make all the time market cap is a meme. 200M to 600M can be easier than 50M to 150M. i don’t even have anything against bzrx just yfi is special
ok shill, i'm interested.
explain what yfi is in some detail...specifically what do i get for holding it? is this just a buy/hold strategy or do i get paid dividends some how?
no. i'm not going read some gay site thats not on 4ch. browser only goes here.
reading this shit convinced me its a scam
it's a share in yearn, with full governance and dividend rights. Dividends come from fees generated by the system.
To get dividends you have to stake yfi.
Currently the main product are automated yield farming vaults.
yearn.finance
py-earn.herokuapp.com
feel-the-yearn.app
Each vault has a 0.5% withdrawal fee and 5% fee on profits. There's currently over $540M in vaults, so that's at least $2.7M in future profits guaranteed + continuous profits from the performance fee