So, YFV have just announced that they are killing YFV off in favor of creating a new token called VALUE (or YFV v2 as they call it), they say you can swap your YSV for the new VALUE token 1 to 1 however I don't see any of this as being good news, it's created more confusion and more doubt about any potential gains that YFV had, this is going to drive the price down further, so even if you're interested in getting your hands on VALUE, probably best to sell for now.
So...
Brody Rodriguez
Other urls found in this thread:
medium.com
yfv.finance
twitter.com
Brandon Wilson
even though i missed the top i am very happy that i sold at 50
Connor Anderson
Think yourself lucky, I bought at 28 and some more in the 70's, fuck.
Joshua Reed
THIS IS A MAJOR RED FLAG
IF YOU ARE HOLDING YOU NEED TO SELL RIGHT NOW
Tyler Moore
I bought more at $19 yesterday to bring my cost average down fml
Jaxon Rogers
give clear and concise logical reasoning as to why this is bad?
it seems to me you don't quite understand the update
Gavin Mitchell
As long as my coins automatically convert I have no issue with it
Isaiah Foster
Ah fuck its over
Easton Murphy
As I've said, it's creating more confusion, they've announced that they are going to phase out YFV, a token which was already making headway with exchange listings, and now they announce they are getting rid of it in favour of creating a new token which nobody outside of YFV will have ever heard of, it's going to kill the hype.
Henry Rogers
lol your fud won't work, the news is insanely bullish. You're just trying to create a panic
Joshua Jones
the team spends their time dicking around with changes to the token instead of making code to generate revenue
Evan Price
But they're literally introducing new code to upgrade & generate new revenue, Rajeesh
Aiden Nelson
makes sense
i'll probably reduce my position and buy more prominent ones
under 40m mcap still seems like it could go for a run
Andrew Sullivan
I bought at 70, sold at 25, rebought at 19 and now im fucked again lmao
Levi Morales
It's coordinated FUD. Someone is accumulating.
Landon Howard
ok how will the new code generate revenue?
Landon Howard
JUST
Leo Lopez
yea im not a technical person so idk if they are changing code or not or just makign changes to token
but i'm just buying this on the Coca-cola:Pepsi thesis
YFI coca cola
YFII pepsi
YFV fanta
unironically anything with YF--- will pump when normies rush in and see the YFI hype
Owen Lee
YSV us scam buy harvest.finance. real competitor to yfi
Sebastian Bennett
"11. What is the “rugpull risk” of VALUE?
As previously stated, YFV’s development as a platform has been stunted as we have burned governance keys.
That said, we recognize that the introduction of new governance keys once more for VALUE in order to make upgrades resurfaces this risk. YFV holders will vote on key protocol changes through the Value DAO, or votes by YFV holders. Decisions by the DAO will operate under a 48 hour timelock contract, a standard that has been adopted across DeFi projects"
Basically they are doing this so they can develop the platform. So no they are not going to do rugpull. If they wanted to do that they would have done it before they went to burn governance keys in the first place..
Brayden Davis
don't listen to Rajeesh, he's trying to get you to sell so he can buy in lower
>the team spends their time dicking around with changes to the token instead of making code to generate revenue
they're releasing the gov pool in 2 days, the vaults in about a week, and the Liquid Value Exchange within 2 weeks. They're putting out insane amounts of work. The whole motivation behind going from YFV to the new token is because they're limited in how much they can improve the utility of the token, because they burnt the mint key and owner key. Swapping to a new token will allow them to innovate new tokenomics and introduce more pools. The news is insanely bullish, don't fall for the fud
Gavin Lewis
Did you care to read the medium updates which are being updated daily before coming here to showcase ur minuscule IQ?
Benjamin Rogers
yes, they don't talk about capturing value from outside the yfv printing mechanism
Josiah Cruz
So, how do we change to the new token? I don't use the platform I only ever bought a small stack of YFV to hold and sell
Jose Wilson
You will have to do it through the exchange that YFV are making
Josiah Bell
Bro you are retarded. I haven't even bought just farmed the recent medium just explained everything flawlessly and alleviated all the concerns and confusion. Faggots always telling bagholders to sell low.
They had to mint a new token because the governance keys were burned. They will have a vote on burning VALUE's keys as well once the changes are implemented. This project has been through a lot but the devs work fast, are patient, and have a long term plan here.
I suggest everyone read this.
medium.com
Asher Robinson
Can I do that without metamask and shit
Ayden Martin
thank you fren
Elijah Edwards
Yes yes he is.
Jonathan James
Incorrect they already released info on the revenue streams before the recent Gov token changes. Using the Gov token as collateral to yield farm and buy it back plus fees going to Gov token stakers from the Value Liquid swap exchange. In addition to the yields from yields you already get just staking.
Mason Kelly
Help pls frens what consequences does this have for a simple coinholder like me. Do I need to convert to the new coin? I'm worried
Thomas Nelson
hey if anyone gets in on the new pools be sure to use my ref. Extra special farming value.
yfv.finance
this shit is dope...been printing money the past two weeks and the roadmap for the rest of the month is looking great.
Really gotta be a true biz brain to not get in this.
Parker Davis
Inb4 domain migration so they can completely rebrand and untarnish themselves from the lowly class of YFclone
Tyler Lee
i don't fucking care,.are they getting rid of the absurd sell pressure on YFV? the entire tokenomics setup fucks over holders entirely
Brayden Carter
lol, the announcement basically cuts max supply from 12.7m down to 7m.... these sort of posts are nothing but FUD designed to get people to sell in to an established bottom...
Governance Vault will start paying in the new token so yield will go up compared to what it is now. Combined with reduced inflation, more rewards from migrating liquidity from Balancer to an in-house solution and now a significant max supply reduction, it's classic Zig Forums to be recommending people dump their bags, especially after an 80% price decline already....
Leo Cruz
OP is a fag.
They explained everything in their medium post so fags like OP could understand it. They essentialy create a new token to be able to add new pools as this option was burned with thier keys...
Fag you need to read > understand >think about the value proposition and than post shit