Yearn Generation of Yield is an experimental community owned DeFi platform specialized in low risk stable coin yield farms supercharged by flash loan collateralization.
This provides an opportunity for farmers to safely diversify the source of their yields and acts as an experimental testbed for the development of the Yearn Generation of Yield governance platform.
The GOAT knows
What the fuck is a flash loan? Like you give me $10, I show you my cock real quick, and I give you $10 back? If so based
I've seen this a few times now, I'm interested in hearing about the governance side of things, if they're putting an emphasis on a new kind of governance model then its really caught my interest
"Flash Loans are the first uncollateralized loan option in DeFi! Designed for developers, Flash Loans enable you to borrow instantly and easily, no collateral needed provided that the liquidity is returned to the pool within one transaction block." -Google
just checked the website it doesnt seem like total shit
its ygy.finance for you cucks
So what kind of mega-jewry can you pull with free money in a single block time?
arb ops usually, but also a bunch of other shit. flash loans are big news
cute af awwww
Wasn’t that yfrb coin also flash loans? It did a 3x in 2 days. This could be a nice switch
That's the plan chief
that coin was trying to find arbitrage this coin is issuing flash loans to people so technically they could be a loan provider to YFRB
>
>that coin was trying to find arbitrage this coin is issuing flash loans to people so technically they could be a loan provider to YFRB
Yea I think you've got it, they basically want to supercharge other defi tools was what I read from it
sounds good nig
basically this
Ya, people don't realize how big arb is in this market. Flash loans will make defi far more efficient
arbitrage is hard, issuing flash loans is easy tho
unironically a decent value proposition for this scam
this sounds legit what’s the catch that makes it a scam?
>supercharged by flash loan collateralization.
could you explain the beneft of this?
Fuck of shills
there's no catch if you sell on presale
it's gonna be profitable, get in
and i say this as a non-shilling pajeet
what makes you think this thread is shills?
Goats are assholes, even the cute ones
When you stake your stable tokens bots or whoever will use your coins as collateral for arbitrage opportunities and you will earn the interest.
I love a good loan collaterization project
Might buy in
>When you stake your stable tokens bots or whoever will use your coins as collateral for arbitrage opportunities and you will earn the interest.
Isn't what it happens already now?
People arbing? ya. This will allow them to do it with leverage and the stakers will earn interest.
>also a bunch of other shit
for example....?
Yall are so stupid
lots of fancy words in there
Fancy words =|= gains