@scupytrooples @johnj1138 @AlchemixFi And what happens when Yearn gets exploited for the money?
If it's just 10% it would slow down repayment by some, 80% by a lot and 100% completely.
What happens if Yearn get exploited for the full amount? Does all outstanding AlUsd goes to 0?
@TUNEDEF If Yearn only benefits from a 20% performance fee, the P/E should be 5x higher.
30.75 p/e ratio (excluding other products and the management fee)
It's like measuring Amazon on its sales rather than what their actual cut is
@emilianobonassi And if @PoolTogether_ takes a cut (which I'm not aware), then it's a 100% a losing strategy.
Like infinitely playing a color in the roulette, 00 and makes you lose 1 out of 37 spins and you run out of money eventually
@emilianobonassi You would be better off just depositing in compound.
In the long run your chances of over/under performing the odds will be zeroed out and you'll be in the mean.
There's no upside on a strategy recurringly using a lottery service, you just add smart contract risk
@ameensol@SpankPay Seriously @ameensol if you have any decency, distribute the remaining funds between $SPANK holders.
It's not just to continue a failed project just for you to enjoy the CEO lifestyle at the expense of holders