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YFI is making very bullish structure on the daily and could retest ATHs soon.
If we break, would expect YFI to get sent to $60k imminently.
At $35k some may think it’s too late for YFI.
But few understand we’re just getting started.
1/
If we break, would expect YFI to get sent to $60k imminently.
At $35k some may think it’s too late for YFI.
But few understand we’re just getting started.
1/
The first thing everyone must understand about YFI is that it is a GP stake in a decentralized asset management platform.
Despite its youth, at $1.1 billion AUM, Yearn is already one of if not the largest hedge funds in crypto.
https://twitter.com/mapleleafcap/status/1292230400857837574?s=21
Despite its youth, at $1.1 billion AUM, Yearn is already one of if not the largest hedge funds in crypto.
https://twitter.com/mapleleafcap/status/1292230400857837574?s=21
Yearn is a black hole for assets.
There are few of any protocols on Ethereum or businesses in meatspace that can earn you higher yield on your assets.
Where else can you get as much as 73% APY on your dollars while you sleep?
There are few of any protocols on Ethereum or businesses in meatspace that can earn you higher yield on your assets.
Where else can you get as much as 73% APY on your dollars while you sleep?
Few understand what happens when Yearn’s ETH Vault reopens.
It’s already sucked in 217k ETH ($81mm).
Do I need remind you the total addressable market for this product is all the ETH on Ethereum?
That’s $41 billion waiting to get the highest risk adjusted yield possible. https://twitter.com/anildelphi/status/1301517124398178311
It’s already sucked in 217k ETH ($81mm).
Do I need remind you the total addressable market for this product is all the ETH on Ethereum?
That’s $41 billion waiting to get the highest risk adjusted yield possible. https://twitter.com/anildelphi/status/1301517124398178311
But Yearn as a decentralized hedge fund is just the start of it.
Yearn now offers insurance products, and will soon offer exchange, lending, and stablecoin products as well.
Yearn is becoming the gateway to an entire DeFi ecosystem.
The option value here is mind boggling.
Yearn now offers insurance products, and will soon offer exchange, lending, and stablecoin products as well.
Yearn is becoming the gateway to an entire DeFi ecosystem.
The option value here is mind boggling.
Some have suggested YFI is subject to fork risk.
That couldn’t be further from the truth.
Between YFI’s community, composability, economies of scale, product synergies, governance clout, and developer ecosystem, YFI has serious network effects.
The flywheel is already running. https://twitter.com/spreekaway/status/1300116200123400195
That couldn’t be further from the truth.
Between YFI’s community, composability, economies of scale, product synergies, governance clout, and developer ecosystem, YFI has serious network effects.
The flywheel is already running. https://twitter.com/spreekaway/status/1300116200123400195
Yearn is moving at breakneck speed and is hard to keep up with.
But that’s the power of a truly decentralized organization.
@AndreCronjeTech and team iterate like no one else. It’s ridiculous.
But that’s the power of a truly decentralized organization.
@AndreCronjeTech and team iterate like no one else. It’s ridiculous.
For a long time the only way one could acquire YFI was through decentralized exchanges.
Now it’s available on a handful of offshore exchanges.
But on Monday it will now be available on Coinbase - a regulated US exchange with 35 million users.
The floodgates are about to open.
Now it’s available on a handful of offshore exchanges.
But on Monday it will now be available on Coinbase - a regulated US exchange with 35 million users.
The floodgates are about to open.
So where do we go from here?
As I suggested up front. Next stop could be $60k. And we could see that imminently.
Long-term?
Sky is the limit.
As I suggested up front. Next stop could be $60k. And we could see that imminently.
Long-term?
Sky is the limit.
YFI produces cash flow for token holders like no other token in crypto.
Even after the big pump to $35k it still trades at a similar multiple than the S&P 500.
It’s still yet to rerate to the multiples most other DeFi tokens trade at. https://twitter.com/rewkang/status/1299816434881589248
Even after the big pump to $35k it still trades at a similar multiple than the S&P 500.
It’s still yet to rerate to the multiples most other DeFi tokens trade at. https://twitter.com/rewkang/status/1299816434881589248
YFI’s community is so fervent it gives LINK Marine vibes.
Early holders rich?
Sector leader?
Fire memes?
I don’t think people understand.
YFI could rerate far beyond just a DeFi multiple.
It could accrue a “religion” multiple like LINK and get sent to $10bn club.
Early holders rich? Sector leader? Fire memes?I don’t think people understand.
YFI could rerate far beyond just a DeFi multiple.
It could accrue a “religion” multiple like LINK and get sent to $10bn club.
If you have any takeaway. Please understand.
YFI is far from being to late.
The bull market is still in the early innings and YFI has just begun.
YFI is far from being to late.
The bull market is still in the early innings and YFI has just begun.
@Rewkang @zhusu @MapleLeafCap @DegenSpartan @SpartanBlack_1 @mrjasonchoi @Daryllautk @iamDCinvestor @DeFiGod1 @ChainLinkGod @bluekirbyfi @Fiskantes @RyanWatkins_ @fomosaurus @TheCryptoDog @Cryptoyieldinfo @Shaughnessy119 @Cooopahtroopa @QwQiao @devops199fan @Arthur_0x
