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Deposit YFI as collateral, receive wYFI. Provide wYFI in a liquidity pool in SushiSwap without any IL losses. Borrow assets with leverage via Iron Bank.
Earn huge trading fees (wYFI used as universal stablecredit) + insane yield with leveraged loans.
Thread on y ecosystem.....
Earn huge trading fees (wYFI used as universal stablecredit) + insane yield with leveraged loans.
Thread on y ecosystem.....
With the leveraged farming via Iron Bank, @iearnfinance will attract the most users to their vaults. v2 vaults are also bound to come with some unique strategies only accessible inside yearn.
This will have a great impact on the token...
This will have a great impact on the token...
The token will be staked to receive fees from the protocol extracted from the overloaded yv2 (+yv1) vaults.
Alongside the token lock for wYFI (effectively, a token burn) this will create drastic demand for the YFI token. More to come later...
Alongside the token lock for wYFI (effectively, a token burn) this will create drastic demand for the YFI token. More to come later...
Let's talk about @SushiSwap. The current mechanism on how to prevent IL is not known. It is in the process of being developed as I type...
Let's assume that it is solved and that we can protect against any potential impermanent losses..
Let's assume that it is solved and that we can protect against any potential impermanent losses..
With SushiSwap offering IL protection, LPs will flock to SushiSwap to gain their trading fees without IL.
As mentioned above,, the wYFI token is the staple in the StableCredit mechanism.
I predict LPs to provide wYFI / alongside their own token to gain these fees. Why? ...
As mentioned above,, the wYFI token is the staple in the StableCredit mechanism.
I predict LPs to provide wYFI / alongside their own token to gain these fees. Why? ...
Because wYFI will be interchangeable with any other token inside StableCredit. It will effectively replace.......ETH.
With LPs wanting to gain the most trading fees, this will be their incentive. This only means a greater impact on the YFI token as LPs are required to own it..
With LPs wanting to gain the most trading fees, this will be their incentive. This only means a greater impact on the YFI token as LPs are required to own it..
as well.
This is also not even mentioning BentoBox and it's lending + borrowing mechanism that will attract more users.
MetaWallet (gas-less wallet) will be used for SushiSwap trades. This greatly encourages users to use SushiSwap as their designated AMM, which will result...
This is also not even mentioning BentoBox and it's lending + borrowing mechanism that will attract more users.
MetaWallet (gas-less wallet) will be used for SushiSwap trades. This greatly encourages users to use SushiSwap as their designated AMM, which will result...
in more fees for LPs.
The yearn strategies will use these large SushiSwap pools for their own vaults, which will attract even more users to the Sushiswap protocol itself! It's a never-ending cycle...
The yearn strategies will use these large SushiSwap pools for their own vaults, which will attract even more users to the Sushiswap protocol itself! It's a never-ending cycle...
This also does not mention DeriSwap. I am certain that there will be a direct correlation with DeriSwap and the YFI token, just like StableCredit.
Sushiswap will also be involved in a stealth project following the release of DeriSwap w/ Yearn, even more integrations! ...
Sushiswap will also be involved in a stealth project following the release of DeriSwap w/ Yearn, even more integrations! ...
Regarding @CreamdotFinance. The reserve will provide liquidity to SushiSwaps BentoBox and will be primarily used for leveraged farming via @AlphaFinanceLab.
With the integrations between these many protocols, many more strategies are possible (such as cross-asset strategies).
With the integrations between these many protocols, many more strategies are possible (such as cross-asset strategies).
Assuming everybody wants leveraged farming (ie. highest yield)--which they do--what will happen then?
With the leveraged strategies of Alpha Homora, it will greatly benefit the Cream protocol as there will be a higher borrow % further incentivizing a greater TVL.
h/t @DeFi_Ted
With the leveraged strategies of Alpha Homora, it will greatly benefit the Cream protocol as there will be a higher borrow % further incentivizing a greater TVL.
h/t @DeFi_Ted
With a higher borrow %, yearn vaults will be able to deposit assets into Cream itself to create other high yield bearing strategies as well...
Increasing yield once again dragging alongside those that seek high yield (ie. all of us, really).
Increasing yield once again dragging alongside those that seek high yield (ie. all of us, really).
They also have shut down their other operations (exchange and creamY in light of seeing SushiSwap and StableCredit being developed). I find this highly respectable.
I believe creamY was the direct inspiration for Andre's StableCredit. Hence why "...CREAM will become the...
I believe creamY was the direct inspiration for Andre's StableCredit. Hence why "...CREAM will become the...
launchpad for Yearn’s new StableCredit product."
@CoverProtocol will be used to insure these integrated protocols.
Alongside that, individual covTokens will be used to insure every. individual. yearn. vault.
With the announcement of bundled protocol insurance, users can...
@CoverProtocol will be used to insure these integrated protocols.
Alongside that, individual covTokens will be used to insure every. individual. yearn. vault.
With the announcement of bundled protocol insurance, users can...
insure AlphaCreamSushiYearn all at one time. Users who use this whole ecosystem (many, since everything flows) will be able to protect their assets every step of the way.
Mentioned in the announcement as well is specific, isolated risk within protocols. (yearn vaults example...
Mentioned in the announcement as well is specific, isolated risk within protocols. (yearn vaults example...
mentioned above).
Now, I remind you, no information is out regarding how IL protection functions. But let's assume for a second that liquidity pools require insurance...
What if this specific, isolated risk insurance is compatible with a variety of @SushiSwap pools? ...
Now, I remind you, no information is out regarding how IL protection functions. But let's assume for a second that liquidity pools require insurance...
What if this specific, isolated risk insurance is compatible with a variety of @SushiSwap pools? ...
Probably sounds too crazy, huh...
Guess I am too paranoid.
Either way, I don't see how this is a negative for any of the parties involved. It's a never ending cycle of never ending cycles.
Can't fucking wait.
Guess I am too paranoid.
Either way, I don't see how this is a negative for any of the parties involved. It's a never ending cycle of never ending cycles.
Can't fucking wait.
