Imagine having this poor of an understanding of DeFi and still talking authoritatively about it
What does UNI transfers have to do w/ unique @UniswapProtocol users?
Uniswap did more than twice @krakenfx volume in September. Didn't come from a few hundred users lol
Tragedy of dev commons. While we gamble, devs are holding it all together.
But I am optimistic. Smart devs can earn a lot in crypto and are THE single most valuable resource. Programable assets offer untapped potential for tinkering with incentive alignment.
YIP-51 has passed, v2 vaults fee structure has been approved with 99.74% for the change. Yearn is moving to no withdrawal fees, 2% management fee and 20% performance fee.
https://t.co/dmYEkrztKd
We are excited to share that @andy8052 has developed and is testing a new ETH/DAI vault using @SushiSwap.
Our goal is to attract and retain the top minds and developers in DeFi to create new strategies. Strategists will be compensated for their efforts.
Projected APY
https://t.co/Fj1AllT4cC 23.97%
https://t.co/Lm111tN4fE 44.48%
The rewards will be distributed weekly in the form of 3pool LP tokens. Curve distribution contract is not deployed yet.
yveCRV Vault codenamed "yBackscratch" is live
It's a special deposit-only vault which locks CRV forever. It boosts all Yearn's Curve LP vaults in exchange for Curve DAO admin fees. It gets more fees than solo as vaults also lock 10% of the CRV they earn.
https://t.co/DvDoMmF1s1
1/ Our goal is to attract and retain the best developers in DeFi to work in the Yearn ecosystem.
Some developers have expressed concern that Strategist fees (0.5%) are not sufficient to align long-term incentives.
imagine a strat:
- accept uniswap lp
- stake into pickle jar
- jar farms uni
- stake jar into farm
- farm yields pickle
- stake pickle into rewards pool
- pool yields weth
- add weth/pickle liquidity
- stake into pickle farm
- get pickle rewards
sound about right?
#defi is crashing? No. Token price are, which only means that speculators are cashing out at profit, break-even or losses. The price is the reflection of the markets actors psychology who are active (holder do not impact the price). Apart from the price, defi is booming, growing.
💵Increasing the bounty for tracking down the attacker and returning the funds to $1M
Here's what we know about the attacker:
1) understands flashloans
2) understands arbitrage and trading
3) understands curve internal code
4) understands renBTC
5) understands opsec
1/2
The metaphysical parallels between Yearn $YFI and mid-20th century cargo cults are incredible: a charismatic leader, acolytes (and memes), masses waiting for the next crate of value to drop seemingly out of thin air, religiosity that the prophet denounces, and on and on.
Happy to share that @Covalent_HQ has secured $3.1 million in new funding to build the future of blockchain data analytics.
Read my blog post here:
https://t.co/iBltF7YspF