12 hours ago YFV carried out it's vampire attack on Balancer to drain off $140mil of liquidity from Balancer.
This makes them the 3rd largest Dex by TVL - but still under the radar, not on defipulse.
If you give Balancer a P/E ratio of 40x (as some have) then using the same calculations you can give YFV (now I should say VALUE (2 tokens, both same with a 1-1 swap *expect YFV to be archived and all moved to VALUE soon) a P/E ratio of only 1.8x lol - this is because of a depressed token price now of $4.5 (an all time low).
Imo low due to being under the radar. Ill break down future value accrual and how it can/should be 10x+ higher in the future but in short: 0.05% trading fees from its DEX and 6.67% from farming/vault activities buying up VALUE to distribute to governance vault holders.
Balancer is stifled by ineffective governance, has no value accrual to BAL holders, whereas VALUE token is almost fully issued, have cut their farming emmissions down, and dropped the full circulating token amount from 15mil to 7.8mil.
Also a strong user team (will get into speculation on this in the future too - but are they KNC devs (thats the rumor), or are they tied to Huboi (listed on Huboi in 1st week of launch lol) or Poloniex (Polo extremely responsive in listing VALUE on launch date and auto swapping all YFV tokens to VALUE)
TLDR: under the radar gem, 3rd largest dex, but not only a dex, a mix of dex + farms + vaults (YFI), and even within the vaults an ability to faster switch between farms to target highest yields. You're going to be hearing a LOT more about VALUE over the next few months...
though I am a invester in this, wait for the dump to complete, it should stabilize around $3-$4 then jump in
Dominic Howard
People who think Value/yfv is dead are mistaken. This thing will start flying like other defi coins.
Chase Myers
Thank you OP I feel better about my liquidity position now. It's pretty comfy.
Evan Gomez
Thats what everyone is saying tho... so it won't actually reach that.
BAL has a $110mil market cap with circulating coins and $258mil cap fully diluted.
YFV + VALUE combined = approx $27mil cap circulating , and around $35mil fully diluted.
So, yeh, lol, they have the same range of TVL, but Value has 0.05% fees buying VALUE and 6.67% of all vault farming too. I don't think it's going to hit $3 ;)
>So, yeh, lol, they have the same range of TVL, but Value has 0.05% fees buying VALUE and 6.67% of all vault farming too. Don’t forget about Flexible Farming. When Flexible Farming launches Value holders will even profit off liquidity that’s outside of Value Liquid. That’s going to be the real game changer here.
Yes, theres a LOT of value coming to VALUE lol. Not farming yet but they already have the flexible VAULTS, so right now they are farming KFC and GOLFF at decent profit, under the radar, benefiting vault stakers and governance vault holders with 6.67% of profit buying VALUE and giving it to them :)
I hate this fucking coin, it's waiting for me to capitulate and then it will take off.
Ryan Anderson
I feel the same way and if we don't capitulate then it will just dump to nothing. It will literally only pump if I personally sell lmao.
Isaiah Rogers
doesnt mean anything. you are all running straight into a honey pot. good riddance, based andre deanonymizing criminals and delivering their capital straight to the marshals
Jayden Ortiz
^ he got rekt. buy his bloooooddddd ;)
David Ramirez
And yet the token price isn't going up. What's the explanation? The market doesn't know, or the market doesn't care?
Henry Lee
I cant even access the site, am at work. Do i have to do anything as a farmer? > t. all in link all in farming value
Can someone explain how the maximum supply got decided? I remember there was a vote to limit to max supply to 2 million value? It was being voted overwhelmingly in favour for. Now the max supply is 7 million? Why did token holders vote for a higher supply?
Brayden Rogers
hi fren, we're going to make it.
Adam Smith
7m is included with the yfv that will dissapear into value, so is 3m i think
Gavin Phillips
>Can someone explain how the maximum supply got decided? >I remember there was a vote to limit to max supply to 2 million value? >It was being voted overwhelmingly in favour for. >Now the max supply is 7 million? >Why did token holders vote for a higher supply?
It was *wanted to be 2m . but at that point there was already 2.7m in existence / scheduled to be released. they kinda capped YFV to be the minimum they could - around 4mil, and then released VALUE with a 3mil supply.
think i have that the right way around but either way, combined there are 7.6 or so mil total (and expect YFV to just get axed and they have everyone move over to VALUE - it can do more, more flexible contracts, changing farming and pools quicker with it etc
So now, final supply mechanics are known , 7.6mil total supply (down from 15mil it was previously going to be, which is down from 21m where it started, there was a big 5mil burn)
.>And yet the token price isn't going up. What's the explanation? The market doesn't know, or the market doesn't care?
Under the radar - ^ like that with the supply with two tokens, it is confusing, only people really following the project know this. Same with things like not being on defi pulse yet etc, its just not on people's radars, yet there is $140mil on their dex and $30mil in their vaults/farms farming UNI and CREAM and others. This is where u buy ;)
Nicholas Bennett
Does anybody know if okex will do automatic swap to value?
Daniel Green
Nvm just asked customer support myself apparently no plans yet for coin swap..
Benjamin Reyes
Is it reasonable to expect at lest $25 for token again?
Joseph Turner
Yes, yes it is. If it would be 25$ we would be around the same mcap as Balancer. And seeing as how they are trying to be a better Balancer, 25$ is very doable.
Grayson Morgan
I don't fully understand how this all works though If you can swap YFV 1:1 for Value and people have also been farming the entire supply of Value for the past weeks Then doesn't that mean the fully supply is all the current Value supply + the swapped YFV tokens? If so isn't that 7 million Value tokens? Seems like total bullshit that they ever suggested it could / would be 2 million total supply.
Parker Nelson
>Is it reasonable to expect at lest $25 for token again?
yeh this is reasonable target to be level with Balancer. But then they are YFI too, can do everything they do, and they are, can move faster even. Their beta vaults are live and capped at $10m each and they are all full. Wait till they pull in a few $100mil too and 6.67% of all farming profits go to buy VALUE and distribute it to VALUE stakers in the governance vault... then sky is the limit.
Bentley Phillips
>I don't fully understand how this all works though >If you can swap YFV 1:1 for Value and people have also been farming the entire supply of Value for the past weeks >Then doesn't that mean the fully supply is all the current Value supply + the swapped YFV tokens? >If so isn't that 7 million Value tokens? >Seems like total bullshit that they ever suggested it could / would be 2 million total supply
Yes, full diluted supply when all live will be 7.6mil total - so 3+4 . and basically, it hasnt been said yet but I'd just bet that YFV will be archived off - all payments are in VALUE, this IS value now, they even rebranded now so it isn't even YFV Finance anymore , it is "Value DeFi" , so expect 1-1 swap to be heavily pushed and basically to the point where there is no usage for YFV so its all value - this is just an interim period where they both exist but VALUE can have a total 7.6mil supply then thats it.
Also emissions from pools/farming are slowing down now so less future emmission coming.
Christopher Powell
Stupid gov pool has stopped emitting VALUE, we're going to $1.
Jordan Gomez
HAHAHAHHAHA i love how the new logo is representing how rekt all the holders became. Very apt
