Yearn Finance (YFI): A DeFi Money MACHINE!! 💸
ฝัง
- เผยแพร่เมื่อ 19 มิ.ย. 2024
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📺 Yield Farming Vid 👉 • Yield Farming: MAXIMIS...
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- TIMESTAMPS -
0:00 Intro
1:51 What is Yearn Finance?
3:33 Yearn Finance History
6:18 Earn & Vaults
10:14 APR, Zap & Cover
12:40 YFI Token Overview
15:26 YFI Bull Case
18:20 YFI Tokenomics & Price
21:20 Conclusion
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⛓️ 🔗 Useful Links 🔗 ⛓️
► Yearn Finance Website: yearn.finance/
► Yearn Docs: docs.yearn.finance/
► Yearn Blog: / iearn
► Learn Yearn: www.learnyearn.finance/
► Maple Leaf Capital: / 1292230400857837574
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📝 What is Yearn Finance? 📝
It is a yield aggregator built on the Ethereum network that is able to maximise yield by dynamically allocating liquidity to a number of different DeFi protocols.
Its an Ethereum dApp that automatically allocates supplied liquidity to different pools in the DeFi ecosystem. It can be seen as an automated Yield Farming protocol that searches the market for the best return opportunities and supplies the pooled liquidity to said opportunities.
What's really genius about Yearn Finance is that it opens up the complicated yield farming strategies to your average crypto user.
💭 Yearn History 💭
It was started by one South African chap called Andre Cronje. You see, Andre is a self taught software developer who was building his own defi yield optimisation strategies earlier this year.
When yEarn was started, Andre did not keep any of the YFI tokens for himself. There was no team allocation or pre-mine. It was a 100% fair distribution to those who first got involved. This is very "bitcoin-esque" and it's no doubt a compelling selling point for the YFI tokens.
Andre has constantly been innovating the strategies as the lead developer on the protocol. This includes the recent rollout of Yearn Finance V2.
📈 Features 📈
Earn is a yield aggregator for lending platforms that rebalances for highest yield during contract interaction.
So basically, you will deposit any one of these stablecoins and it will auto lend to the highest lending rate on these platforms: Compound, DyDx, or Aave.
Vaults are a combination of some of the more advanced yield farming strategies. Technically, vault strategies are modular smart contracts for each vault that tells it what assets to borrow, which coins to farm, and where it should sell the farmed assets.
APR is basically just an overview of the annual return on some of the yearn supported tokens across the various lending pools.
The Zap feature will allow you to convert yearn supported tokens quickly and with a reduction in transaction costs.
The "Cover" feature will allow users to take out smart contract insurance and hence protect themselves from any sort of black swan events that could see them lose their locked up funds.
💸 YFI Token 💸
YFI is a governance token that allows for the decentralized control of the Yearn ecosystem. YFI was released through rewards to early users on the Yearn Finance platforms. There was no premine and there were no VC investors.
The entire 30,000 YFI supply was released in one go and made available to those who were providing liquidity.
The other YFI use case is in order to stake and earn those returns on YFI they place in order to vote. These staking returns are those funds generated on Yearn Finance that are not being used in order to fund the treasury.
⚡️ Tokenomics ⚡️
There is a 30,000 token supply which means that it has one of the lowest
Yearn finance is able to generate fees in two ways. One is through vault withdrawal fees (0.5%) and the other is through a gas subsidization fee (5%).
So, once these fees are charged, they are sent to the Yearn Treasury. However, once that 500k USD buffer is reached then the additional fees generated above this are sent to that YFI staked governance pool.
So just from that, once the treasury is funded, you have a protocol that generates large amounts of fees for those who hold a stake in it. The more that people use Yearn finance, the more funds locked up in those contracts and the more fees that are generated for the treasury or governance pool.
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#YearnFinance #YFI #Defi #crypto #ethereum #yieldfarming #curvefinance
I love the way you articulate everything, always. THANK YOU!!
Thank you so much for this very Informative video. I cannot fathom the amount of research and work that went into this, and I appreciate the many analogies and examples used throughout. I spent about two hours watching this video by simply going off on tangents and looking up different videos going over topics you discussed here in depth. Thanks so much!
100% quality videos guy and team, thank you!!
Thank you sir, you are an awesome teacher. Great explanation!!
Glad it was helpful!
I’ll be checking yearn out. Thanks for your presentation.
Thank you for this video. I wish I had seen your videos earlier. This is the most impressive original crypto I have seen in years. There is a small supply too which is key for good profits from crypto.
I subscribed to your newsletter on Telegram. I was blown away by the added content and commentary. I'll be picking up some of your swag too! Keep crushing it!
Thanks Neil. That is so much appreciate. Just trying to do my best to bring you guys the most useful content.
Always well-researched content. Much appreciated :)
Great video, even 12 months after originally posted, thank you for the info most appreciated
As always; excellent presentation !
Guy is the most smart and best cryto youtuber ! I haven'st seen anyone like you man @CoinBureau
You're awesome. Love all your content, thanks for educating in such honest way. 🤣😂
I still have no clue what any of this means
Learn bro!
Just know it's the future.
Dude we welcome all n00bs. U won't be a n00b for long... welcome to a journey to financial independence and freedom :)
Well..u're not alone...
🙏 *high five, but I'm also praying!* It's like Chinese! And I thought I was pretty knowledgeable!
Great video Guy, really well explained. Thanks Keith
Thank you Soooooo much Guy for the Video!!!!!!!
Another fantastic video guy, you are simply the best out there, Regards, C higson
Great information on trading platforms. I am just a nubee and still stuck in some of their mires. Yearn Finance sounds amazing. Will look into it more.
Great video, as always🙏👌 so thankful for you!!!
Good job Coin Bureau! thanks for the great content
This is truly informative. The space is difficult to valve, we've never seen anything like this!
I’m mr Hendrick from California, crypto currency expert and trader.
I’m currently involved with buying all kind of coins or tokens on a good rate,
I wish to know if you have any for sell.
Wow! Great insights, thank you for sharing .
Great five star video. Thank you brother. 👊
I appreciate the extra effort you put into the timestamps.
Well said, me too
What are the chances this is a scam ? Or the developer running off with funds ?
@@MrMrfamilyguy01 there was that risk at the beginning.. but its now multisig. I nearly bought 1ks worth when it cae out at 30 bucks.... still selling hotdogs..dam... i heard flamingo fknance may be one to get in on early
Awesome and very insightful updates 👍👏🤝 well I’ll also say this here.. The awareness about making money online is getting higher daily due to this COVID 19 pandemic as the cryptocurrency world has recently noticed high inflow of traders mostly when it comes to Bitcoin Trading , but due to lack of trading experience a lot of traders lost so dearly either by executing trades wrongly or using of the wrong strategy. I have been guided by a pro trader known as Davis Philip, backed up with his working strategy/accurate daily signals. During my first month of trading with Davis daily signals, I was able to grow my portfolio from 1.1btc to total of 6.4btc which you would agree is a very good profit. Why not take full advantage of the crypto market mostly now that bitcoin is set to embark on a bullish run. He can be reached via WhatsApp: + 1 6 3 0 2 9 6 4 9 5 9
Yeah it is really usefu
Incredible explanation. Thank you.
A perfect video. Thank You!
You're welcome!
Congrats man. You are about to hit 100K subscribers. Awesome video. YFI has moved beyond affordability. Let's wait for the other Cronje launch!
Thanks man. What's more important than the sub count is producing content people like.
@@CoinBureau You're doing pretty well after a few years of Youtubing. Congratulations on upping your subscriber base from 100k to 2.5 million. That's fantastic.
thanks alot for breaking this down
Great video as always. I think you guys are on the track to hit 100,000 subs by the end of the year!
Thanks for the excellent video and clear info
Thanks Richard. Glad you found it useful.
Amazing work. I can tell that you're investing a lot of time and research into every video. Great job Guy. I wish I could understand more of what you're saying. I'm still learning. So a lot of the technical stuff are beyond me at this point.
My pleasure. I try my best to break it down as succinctly as possible. Sometimes the projects are really complicated and even I have to spend a few extra hours to wrap my head around it.
Really great project to spot a good entry this crypto winter
Great and fair presentation!
Please can you do a video for Cosmos Vs Polkadot 🙏🏻 keep up the awesome work 🖖🏻
Great video Guy! So thorough, as always! Thanks for all of the time and effort you put into this video, timestamps and everything you relayed to us. Keep up the good work!
My pleasure! Glad you find the video useful.
You sir, are good at what you do. Well done.
Thank you kindly
HEY MAN WHENE YOU TALK ABOUT ANY PROJECT IT SEEMS THE BEST PROJECT IN THE WHOLE WORLD
THX MAN
YR THE BEST
Your best yet! 👍
Thanks Paul!
I've wondering what YFI is all about, thanks for taking the time to put that video together 👍🏾
I’m mr Hendrick from California, crypto currency expert and trader.
I’m currently involved with buying all kind of coins or tokens on a good rate,
I wish to know if you have any for sell.
@@hendrickwalker2023 Suppatrolling!
@@christiantonello8905 do you have anyone to sell?
Why don't you simply use a peer-to-peer bro, girth an escrow service. That's what you do if you are looking to speculate in a legit way. Oh well you may well be honest & very native, in that case take this as a suggestion. It really stinks like this.
@@hendrickwalker2023 I'm not selling bro, you aren't either *how come* mate 👍😉
You are great man!
Absolutely amazing.
Solid video
Im new to crypto.. there are many guys out there.. but you are my guy.. I trust your your well thought out judgement. Haha even on hedera hashgraph. Which I own some but definitely will tread lightly after seeing your thoughts on it. Thanks guy. 👍
I ADVICE√INVEST√IN√CRYPTO√ YNF √BTC√AND√ETH
Great information Guy👊👊👍 as of now year later YFI Yearn I about $7700. Lots of potential to X your money, but then again, everything is on sale now, BC is about 20K!
Time changes 😀
Thanks for the great video.
What I dont quite understand is the link with curve? I heard previously that the reason CRV dropped after listing was due to something going on with Yearn.
Do you have any ideas about this. I will be going through your video quite a few times.
Thanks again.
Loving your work Guy - and just came across this in a search after seeing a couple of recent enthusiastic reviews. I guess my question is 16 months on - did Coin Bureau invest in YFI? Is their future as solid as your excitement suggested? Cheers to all you do for us - when it comes to crypto...in Guy we trust!!
freaking good video
Hey Guy, love your channel.. Hope you do a video soon on BIDAO, what you think of its potential, what its ticker is, where to buy, and how can a stable coin increase in value, as many are predicting.. Don't understand how a stable coin can go to the moon, as they predict, if it is supposed to be stable!..
Can you kindly do a video on yfii pls.
Is it a legitimate fork and does it still function under cronjes guidance and model? Does it have separate yearn or vault options or is tied with yfi. Is it also a good coin/project to own?
Thank you for all your in depth videos.
sometimes I listen to you for the .. expressions .. You rock !
Bravo Guy Bravo your in a league of your own...what do you think of plasm network
Thanks for your amazing quality videos. Can u pls tell us more about Unipower token and is worth to invest in. Thank you
You are the very best... thank you
So if i supply liquidity to yearn in the form of dai. do I get paid in dai? And how often? Directly to my wallet? Or do I have to withdraw from the site?
Great video thanks a lot
Is there any defi project that doesnt hold your tokens? Like a non custodial version? Not sure if its a dumb question, but im sure you could still retain your coins and provide liquidity at the same time?
I feel like the market is so young... stick a grand in this coin and you might be coming out well in couple years for sure
Stick 10 and you might look at a Ferrari from the inside XD
Is it in ledger?
Why aren’t a lot of people talking about yearn?
Ya'll r eattting!!!
@@blazayblazay8888 my question exactly
I hold softyearn. But they changed contract.. what to do? Is it poosible to upgrade to Soft yearn v2
Awesome explanation.
Thanks Khairul! Glad it was useful
Great video Guy, thanks it now makes a bit more sense 😀
Thanks mate! Glad you enjoyed it and are getting value.
Really appreciate your videos. Can you also review DFT- DeFial ? Thank you
Yea. Id like that too. Devs on DEFIAT are joining 3 codes together to he the best most solid project.
Can you please do any update video since the hack to yearn.finance & tell us more about the protect tab on curve & explain how curve & yearn operate on that note. I'd like crypto insurance,when yield farming somehow, can you explain that in more detail,please?
Great vid, thanks...
🧡💛💚💙 Wow, fantastic and indepth explanation 🧡💛💚💙
Yes this is the one!
Good video!
I love yearn, but the extreme gas fees, especially when using zapper, are prohibitive for wallets under several 10,000 USD equivalent.
so in the second block like 2:26 are you basically saying it gives rising coins that extra push in funding that it needs if it has a lot of potential?
U r the best!
Hello Guy, you have covered Uma. Could you please share your thoughts comparing SERUM vs UMA? We would appreciate your efforts on this. Thank you.
Learning so much from your vids. Thank you!!
Thanks Patrick! Glad you are finding them useful.
@@michealparker4102 i said nothing about trading
Guy, I watched this video a while ago and came for a review. You used to hold YFI and I noticed you don't hold it anymore....Any particular reason? You seemed to love the project.
Hi , Thanks for your effort and helping other people do you think for analysis for this coin is overdo
Would love to see an update video for this crypto! See it's still in your portfolio.
Appreciate chu
I am quite doubtful about the delta-neutral. It is nominally neutral, but it can have gamma-risk, in a sense that in a sudden market shape crashes, the speed of ethereum transaction can not keep the value up-to-date, and then maybe some other protocol got impacted by black swan, and it will further impact YFI
Please put some light on my info.You just stake any coin and you get some tokens thay you can convert to usdt.That s right?
Thanks for your professional work! Would really love to see a video on Andre's new project Keep3rV1?
can you make a video analysis about reef finance?
Silly question, but u can buy YFI using BTC or ETH on exchanges like Uniswap or Bittrex or Binance , but i dont understand how to use the Vault or Earn facilities?
Great content as always, Guy. Not very good timing, however...the DeFi bubble including Yearn Finance probably caused this major crypto downturn.
Complicated but I'm learning about this coin too.
Vrx verox token is muvlch better than yfi with same max supply??
WOW MAN THIS WAS GREAT SUBJECT I JUST COME A CROSS NOW BUT STILL IM LOOKING INTO IT AFTER DYOR ,,, DATE 2022 MAY HOPE FULLY NEXT YEAR THIS TIME WILL BE USEFUL
Will wait to know right time & way to buy this.
Maybe a video on the insurance feture NXM.
Fantastic Guido! Loved this one, your excitement for this project shows and for good reason.
Could you look deeper at YFV?
We need a new video on this Guy lets make it happen
yfbeta is the play.. huge gains to be made
Huge dumps
I just looked at the current APRs a few minutes ago and they are nowhere near what is shown on this video (until you get the low ones which are similar to staking).
I smacked the subscribe button as you asked and cracked my screen..😭😭😱😱
Haha. Sorry to break your screen mate!
If you say this particular thing, you render your content unusable in schools. I'm speaking from a lot of experience. "Press the like button would get used in a classroom, but not smash."
Coin Bureau it sounds like you have a stronger subscribers
I've been diving down the rabbit hole of blockchain for the last month and jeez i feel like i just started understanding everything. I have a long way to go, but man this stuff goes deep
I think exactly same! Feel I am not alone.
Something to consider
very good product !!!
It might be time for a revisit on YEARN!!!!
I missed out on this but not the next 1
What are your thoughts on Micro Defi like OPM?
ProBit Exchange Lists Omega Protocol Money (OPM)
ProBit Support
When Time:
Deposit: September 8, 2020, 11:00 KST /
9:00 PM Monday, Central Time (CST)
Trading: September 8, 2020, 15:00 KST /
1:00 AM Tuesday, Central Time (CST)
OPM - currently at 0.001000
Thanks for the explaination. I would like a short video on YFII plz 😊
Yfii is gunna be HUGE
@@ray6976 Which other China knockoff was only a pump and dump? We saw an huge pump for YFII recently
@@ray6976 You are sharing you opinion like its a fact and you are not sharing anything of value here.
YFII is one of the bigger giants after YFI and is called sister of YFI. There is alot of potential here so please read before you utter crap without any basis!
@@ray6976 haha good one, well we will see how it goes for this coin. Im an active trader so there is no holding right now. Which coins did you fomo in and are holding?
@@ray6976 ok seems like you are A big shot bcoz of your 2 million. Maybe thats why you have to much time to comment here. Good work thou if you bought more YFII now when the price is low. You can alway check defi projects on defisecurity.com, there is some good information there. Read more, thats the key to understanding more. Be careful of "your money" otherwise i will trade them over to my side 😅
Guy,
Thanks for getting me updated with this project. It is nice that I can go to your videos to learn it all in one spot!👌
Sincerely,
The Moto King
No problem mate! Glad you are liking the vids and doing my best.
@@CoinBureau I sure am, and you are doing great. You will be number 1 on TH-cam for the most in depth and informative videos!
What do your think of Blockstack STX?