YFI

howmanytaylors

Not from here it's not going -99%. Not unless it dies, but as for a buying opportunity, you're kind of there or a bit lower. A lot of coins are in a good buying space right now to historical ATH, thinking of ones like LINK, VET, ADA, YFI, XTZ. Happy trading. May the profits be with you. ✋

gotyourmomlol

YFI is dead You’d be an idiot not to buy 0.5 BTC for that YFI token at current prices

DivinityInsanity

Need some LITERAL FINANCIAL ADVICE from you guys. Being new to crypto, I bought a bunch of BTC, ETH, and too many shitcoins back in June. Realizing what I actually bought, most of the alts have been sold off by now, and my portfolio has been reduced to 6 currencies. One of them is the Yearn Finance token I bought at 5.5k (which currently is nearly 12k). Still, there's so little information about YFI, and any time it's mentioned here, people get mad, without really explaining why. I've been thinking. Would it be a smart move to realize my YFI profits, and put it into BTC instead? Comparatively, BTC has barely gone up so far in the past few months, and *once* it does, I could comparatively make a bigger gain if I invest another 12k into it... right? Then again, judging from history (I know, I know), it doesn't seem all too weird to just keep my YFI token, right?

zk_Aby

making a "profit" happens very differently in crypto than most people imagine it in most cases early adopters simply found something interesting and it was enough to stay around long enough. See early bitcoiners discussing interesting ideas on bitcointalk, early monero folks debating about privacy on IRC, early ethereum developers exploring dapp ideas on workshops/hackathons. 2019 generation synthetix users had no idea they will make 1000x just sticking around, using the platform, same about 2020 YFI farmers, Uniswap LPs. I will venture to say that many doge holders bought it just for fun, the first NFT communities didn't really take those silly jpegs seriously. Things always become complicated once the pump and dumpers arrive, those who are here specifically for the profit and don't even care what is going on. That leads to the safemoons, the shibas, the ugly tasteless nfts, the million dollar digital pokemons and a generally overpriced market. Will get downvoted for saying this but sometimes it is enough to just observe interesting projects and participate. Once things get \_really\_ cheap, you will know it and won't need random people's advice.

archer4364

Just saw YFI had a recovery last week.. Thought that one was dead at 4,000. Still probably dying

DivinityInsanity

I've been wondering as well, but people get mad here when you mention YFI at all...

juunhoad

People that are pumping YFI smh...

Jorgund

Nice one, YFI was the wonder child here a while ago.

Prized-Man

I had my eye on YFI"II", got busy and missed the train 🙄

DivinityInsanity

Bought a YFI token/coin in June, and I'm about to literally double my investment... I still don't get why people get mad when YFI is mentioned here.

DivinityInsanity

Buying YFI at 5k really paid off. 😶

MilesPower

1. "Apparently has the potential" - fucking lol 2. When BTC rallied to 68k YFI was down 50% from ATH.' It aint coming back especially not after the founder dumped and very publicly left the defi space.

Basalgangli

Being a salary earner, I DCA monthly. Buys ETH, OGN, YFI and BTC.

chychenyang

Binance actually has put up a warning that pops up if we open YFI, it says this is highly volatile asset lmaof. Like why not put it on other shitcoins too, but yeah I never understood YFI and Yfii.

Strange-Scientist965

Can't believe YFI was more expensive than BTC last year, and now it's getting close to Eth in price 💀

isthatrhetorical

because it's a grift riding off YFI fame it's on BSC right? it's worthless.

musaratali

YFI

Hasage

Oh boy, I've got a real nugget for you guys today. I'm going to tell you about the infinite money glitch token named **ION**! I'll have you know that at one point I held 5 of these bad boys. I've since sold and I currently no longer partake but lately I have considered reinvesting, in fact, I plan to reinvest in the future but I digress. **ION** is a limited supply token, think YFI, but with unlimited potential depending on the use case they decide for it. Unlike YFI though, the supply of ION is -15,000 ^(smaller) and it's supported by the powerful chain known as Cosmos. Sunny Aggarwal is the creator of the ION token, as well as the creator of the OSMO token, and the Osmosis layer 1 DEX, which happens to be the most popular DEX in the cosmos ecosystem. **Stats** * Total Supply = 21,294 * Circulating Supply = 21,294 * Max Supply = 21,294 * Use Case = None/TBD * Ecosystem = Cosmo * Advantage = First Mover * Time Of Creation = 1 Year Ago * I only lost access to my tokens for 3 days (while they halted the chain) which is a lot lower than the other guys /s To add even more sugar to this ice cream sundae, the Osmosis DEX recently suffered an exploit of 5 million dollars! It could have been a lot worse but it wasn't. Why? I'll let you DYOR about the details but what you need to know is that the exploit was identified in a timely manner, the communication was great, and the current price of the tokens seem to have priced all of this in.

DivinityInsanity

First time investor here, but also really interested in crypto currency, and I'm really enjoying slowly learning everything about it. In the mean time I've just put in €1500 BTC, €1500 Eth, € 2400 YFI and €600 in different alt coins. Since two days I'm up 1k already, so that's fun. But through these very subreddits so far I've learned the following things: 1. Only put in what you're willing to lose. 2. Dca. 3. If you want to become a millionaire as an investor, first be a billionaire. 4. Can't time the market. 5. Be in it for the long haul. Am I one of those newbies you're referring to?

GuytFromWayBack

How is this an amazing fact? YFI has a supply of 31,000 compared to BTC with 19,000,000 lol.

powellquesne

Let's take YFI as a case study in why coin price is irrelevant because it has the highest price. YFI has a circulating supply of only 31,665 coins. Bitcoin has a circulating supply of 19,075,387 coins. If YFI had the same circulating supply as Bitcoin BTC, instead of $5,032, it would be priced at $8.35 per coin. Any other questions?

CompleteOriginal5802

YFI actually flipped BTC in price at one point if you check the charts. I was shocked to hear but it’s definitely a fact

krirby

YFI = Year Finance, defi crypto. IIRC YFI is initiative to gain market share of other notable defi crypto (CRV mostly), like CVX. MKR = Maker, one of first borrowing / lending platforms that still has significant [share](https://www.defipulse.com/). (been a while since I looked at both of these but that is the gist of it as I remember). But both are part of defi ecosystem and pretty prominent players, they don't have much function outside of defi so if you are not familiar they will probably hold little meaning.

pp_conisuer

I always wondered why YFI was expensive and why no one talked about ir

pierreman

MKR and YFI are micro caps compared to BTC

ArtyHobo

YFI?

Quirky_Poetry_

For now LUNA is is my biggest loss and disappointment. Butt still I hope that this coin will have the future, let's give one more chance to this coin Btw, this is my choice for the future: KDA- scaleable L1 POW, well funded, fast and cheap SAND - the best metaverse project DOT - the best ecosystem that is constantly evolving YFI - strong upward momentum moving into 2022 XLM - the best for transfers

coinfeeds-bot

tldr; Phuture has launched its first crypto index product, the Phuture DeFi Index (PDI). The index invests in seven DeFi assets, with the largest allocations going to Uniswap and Aave, followed by Lido DAO Token (LDO) and Compound (COMP). Other assets include Yearn.finance (YFI), SushiSwap (SUSHI) and Alchemix (ALCX). *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Prized-Man

YFI II is down like 50%

Simke11

Ah right...I see it now. YFI had weird price movement though.

PsychoxLogical

Yikes, YFI just took a fat one for whatever reason.

Wilder54321

What happens to YFI? Looks like it fell off a cliff lol.

Wilder54321

The equivalent in crypto is staking, airdrops and some projects have buybacks also. YFI had a buy back program in December 2021 and it went from $18k to $35k in one week…

cosmic-comedy

Wow, so that must mean that YFI (Yearn) at its height was more desirable than BTC, incredible. lel.

Trinituz

Binance do this often with their leverage tokens, to reduce numbers of decimals. However it’s not really that simple for investors to get their money back. E.g. Luna price at $1, They reduce Total Supply of Luna from 100 to 10, you own 10% of Luna 1.0 total supply, when it become 2.0 you still only owe 10% of total supply aka 0.1. In your case many who own 1 LUNA will end up with 0.000000~ LUNA The USD amount value of your holding will always remain the same. This will need only result in Luna trading in millions usd range (or not see how YFI supply is much lower than BTC yet priced lower than BTC, scarcity isn’t everything), but bags holders sell walls will remain the same there’s not much way out. Maybe only way to flush the system is if holders have no concept of supply consciousness so they sell at lost at $100 all at once, but that just mean the one who bought it all now only have investment worth $1000 monopoly that they can trick other people with. But that mean investors lose all chance they can get their money back (sold at loss). There’s no magic money cheat code. You have more chance to makes money by buying/shorting LUNA during first minute of 2.0 illiquid order books than pre buying LUNA 1.0.

Justbeingmethatsit

Also appearing on the list is decentralized streaming service Audius (AUDIO), social token platform Chiliz (CHZ), decentralized finance protocol Yearn Finance (YFI) and smart contract platform Fantom (FTM). *saved you a click*

TakenOverByBots

YFI. They even started a buyback after it sank low enough and it went up slightly. I should have sold them.

James_mcgill_esquire

Yearn Finance (YFI) is down 81.3 % from ath

throwaway300650

YFI

Baby_Shark_doo

YFI

bookshoop

>The Hottest DeFi Tokens That You Should Look Into in 2022 AVAE protocol with AAVE token Synthetix protocol with SNX token UMA protocol with UMA token Kyber protocol with KNC token Ren protocol with REN token Sushiswap protocol with SUSHI token YEarn protocol with YFI token Uniswap protocol with UNI token Loopring protocol with LRC token 0x protocol with ZRX token Finally, it should be noted that with the recent fluctuations in the global economy and financial transactions around the world, the demand for decentralized currencies is increasing. This shows that a good future awaits the famous Defai tokens. Even now, by facilitating the lending process and giving voting rights to their owners, these tokens have been able to increase the motivation of users to provide this type of currency code and achieve a good position among other digital currencies.

updownhold51

Not buying AAVE at 52 cents…not buying YFI at $4k

ersleid

These are all alts, so be prepared to experience wild swings. BTC/ETH are relatively safer options (when BTC dumps, alts usually dump a lot harder). - ETC has a bad reputation, as described by other comments in your first post. (It was reported many times to have been hacked. Basically you are dealing with not-so-good technology) - YFI had bad news a couple of weeks ago (a major contributor to the dev team quitting). As an alt, just be prepared to experience wild swings, sometimes out of nowhere - XLM is good as a transfer method. The transfer fees are very cheap and the transactions are usually fast. However, the price action isn't the best. Like most alts, it usually follows BTC, but the gains it gets during upswings are usually not that great compared to other well-known alts. There's also a rumor that whenever XRP swings, XLM follows 😂 Other general advice you repeatedly see here are to DCA, and that no one knows what's gonna happen. We are all idiots here at the eyes of the market lmao. And be careful with following advice from people on Reddit, including mine Lastly, if you are new to the sub, you can open your Reddit Vault so you may earn a little something called "Moons", based on your activity in this sub. Good luck with your crypto portfolio 🙂

ersleid

These are all alts, so be prepared to experience wild swings. BTC/ETH are relatively safer options (when BTC dumps, alts usually dump a lot harder). - ETC has a bad reputation, as described by other comments. - YFI had bad news a couple of weeks ago (a major contributor to the dev team quitting). As an alt, just be prepared to experience wild swings, sometimes out of nowhere - XLM is good as a transfer method. The transfer fees are very cheap and the transactions are usually fast. However, the price action isn't the best. Like most alts, it usually follows BTC, but the gains it gets during upswings are usually not that great compared to other well-known alts. There's also a rumor that whenever XRP swings, XLM follows 😂 Other general advice you repeatedly see here are to DCA, and that no one knows what's gonna happen. It's usually not wise to follow advice from Reddit. Including mine lmao

ersleid

Oh, makes sense why YFI is still being traded then lol

ersleid

Even though I don't hold any FTM and YFI, I just checked both their charts because this crab market is boring me to death. I find it weird FTM is continuing its bleeding since the Cronje news, even though the person hasn't been contributing to the project for a while (that's what I've heard, at least). Meanwhile YFI, which was mentioned by Cronje's tweet as something actually being terminated, is just around the same price as it was the day during the tweet. It even managed a small, but short-lived pump a few days after I'd expected YFI to be the one bleeding until now, while FTM to have stopped bleeding some time ago

wubin19896817

FTM looks good for now, it has been dumped very fast just like YFI

RotgutFeng

The tokenomics of YFI haven’t changed. Would be pretty smart to quit a project watch it tank the go all in if you’re a whale like him

FreePrinciple270

"People burying YFI, you do realize Andre hasn’t worked on it for over a year? And even if he did, there are 50 full-time people and 140 part-time contributors to back things up." - YFI’s Banteg

FreePrinciple270

"People burying YFI, you do realize Andre hasn’t worked on it for over a year? And even if he did, there are 50 full-time people and 140 part-time contributors to back things up." - YFI’s Banteg

zack14981

Except when the dev leaves. Looking at you, YFI.

Noixrouge

Great, I have all my crypto in YFI ……

FreePrinciple270

"People burying YFI, you do realize Andre hasn’t worked on it for over a year? And even if he did, there are 50 full-time people and 140 part-time contributors to back things up." - YFI’s Banteg

ComradeJarroz

Time to short YFI?

_Commando_

Oof, legit yesterday I was looking at diversifying my DeFi portfolio and looked at APY % yields and YFI $ value, was scratching my head why/how is YFI priced at $20,000~ each. Now this news...

kxlxxn

Good time to buy some $YFI i guess 🤷🏽

CryptoMutantSelfie

Don’t worry, Andre leeched onto the project after it started, it’ll be fine without him. I’m assuming you mean FTM, I’d you’re talking YFI or his other shitcoins then yeah get out ASAP

nazeer1957

FTM Along with YFI are going to be dead in few weeks, YFI for sure

vinlo

YFI is going to continue functioning. A barely-used unofficial front -end UI will stop working. The smart contracts, and all associated projects using those contracts, will continue to function. Do a little research before you declare that YFI is getting "terminated."

TruthsUDontWannaHear

Whenever YFI is mentioned I think of [that time Vitalik Buterin said he advised against people quitting their jobs to work in the yield farming space, and then Vitalik's dad showed up in the thread and pointed out Vitalik doesn't have a job to quit anyway](https://twitter.com/VitalikButerin/status/1300404594711822337).

pinkohondo

Alright CC hive mind. YFI is currently down 8%. FTM is down 14%. I own neither. Thinking of throwing a small amount (gambling) into this dip. Which one do you like more?

willlowe01

Now they can only regret about their coins, most probably YFI will be dead

jilinlii

That's disappointing. Both good projects. (I had a large YFI position that I closed in February and moved to DOT.)

TranslateReality

Andre Cronje announced he was leaving the entire crypto space and FTM, KP3R, YFI tanked it big time. ☹️ I hold all of them.

Jmack3d

So just realized the news with Andre and FTM/YFI. Anyone dumping FTM? I have a large bag, and obviously took a pretty big hit today. Hope this doesn't mean bad things going forward for the project.

coinfeeds-bot

tldr; Andre Cronje and Anton Nell are leaving the DeFi space. The pair will handing over ownership or decommissioning the websites they control, but the protocols they built will continue to run. YFI, KP3R, and FTM have dipped on the news. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Jxntb733

At the time of writing, the author of this piece owned ETH, CRV, FTM and had exposure to YFI in a cryptocurrency index. Well what a bias PoS. Not proof of stake - piece of shit - you Defi degens

bikbar1

Those who want to loss your money should buy some FTM and YFI.

ccModBot

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Darklighter10

Perhaps I’m just in a bad mood, but I’m noticing a lot of people asking about FTM and people answering “google” instead of being helpful. Come on we are better than that. *FTM loses value after developers departure* *Prolific developer Andre Cronje has quit decentralized finance, according to an announcement today by his colleague Anton Nell, a senior solutions architect at the Fantom Foundation, who's joining him in that decision without citing a reason.* *Cryptocurrencies associated with Cronje’s projects, such as FTM and YFI, dove sharply after the surprise announcement—yearn.finance (YFI) plunged 13% from almost $20,000 to $17,000. Fantom (FTM) was down 15% over the past 24 hours, trading at $1.42 as of this writing. Solidly (SOLID), which only launched last week, has fallen 64.73% over the past day, now worth $1.13.*

bikbar1

FTM and YFI are getting rugpulled.

Lee911123

YFI and FTM are pretty decent projects tbh

Flaky_Protection7634

Pretty much is and the same can go with YFI

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Flaky_Protection7634

YFI and FTM are the notable ones

sandygws

tldr: >Prolific developer Andre Cronje has quit decentralized finance, according to an announcement today by his colleague Anton Nell, a senior solutions architect at the Fantom Foundation, who's joining him in that decision without citing a reason. Cryptocurrencies associated with Cronje’s projects, such as FTM and YFI, dove sharply after the surprise announcement—yearn.finance (YFI) plunged 13% from almost $20,000 to $17,000. Fantom (FTM) was down 15% over the past 24 hours, trading at $1.42 as of this writing. Solidly (SOLID), which only launched last week, has fallen 64.73% over the past day, now worth $1.13.

ccModBot

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irfiisme

YFI success made him some kind of a crypto Midas but thank god I didn't invest in this guy's projects.

Blooberino

Yeah I've seen the FTM/YFI news called a rugpull all day, people have no idea what it even means.

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lesner555

Keep coping. YFI and protocols shutting down

lesner555

Ooof YFI rugged. Defi will collapse and it already has been. Bleeding like a pig against BTC ratio

Flaky_Protection7634

They are kinda on their way to be dead based off of a tweet of someone that worked on YFI or something

Flaky_Protection7634

YFI and FTM are the first 2 notable projects that seem to be filling the Crypto graveyard first lol

spicolispizza

>Never heard of those and I've been trading for over a year YFI has been around a while and is probably something you *should* have at least heard of in a year of crypto.

AutoModerator

Post is by: Odysseus_Lannister and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoCurrency/comments/t7xzo0/what_is_a_rug_pull_an_explanation_into_what_that/ So I’ve been seeing a lot of posts calling almost anything a “rug pull”. People have called fiat, banks, and almost any crypto a rug pull- that’s not exactly the case. You can’t really do that with a fiat currency without insane hyperinflation. A rug pull is defined as “a scam where the team pumps the project as much as possible before disappearing with funds, leaving investors with a worthless asset” (with possibly no exit liquidity) [source](https://cointelegraph.com/explained/crypto-rug-pulls-what-is-a-rug-pull-in-crypto-and-6-ways-to-spot-it/amp). Rug pulls come in various flavors but they usually involve some aspect of liquidity limiting or rapid selling where they price depreciates very quickly. Some examples of rugs can be found [here](https://learn.bybit.com/investing/why-crypto-rug-pulls-happen-in-defi/?amp). Please note that just because a prominent member of a team announces they’re leaving the project or stepping down, that doesn’t exactly mean it’s a rug. When Charlie Lee sold his LTC at the top, the project didn’t die. I say this because several people were calling the Cronje announcement a rug pull regarding FTM and YFI when that’s not exactly the case. People can leave projects and sell out without it being a rug pull. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*

Blooberino

Very strongly considering the same. Both FTM and YFI took a wallop and a bounce could work out well.

Blooberino

I've been on crypto dotcom's defi wallet for about a week and was considering YOLOing on some YFI at those rates of return. Glad I didn't! 😬

Blooberino

Yeah I meant to turn off my Wi-Fi and accidentally turned off YFI

Mundane_Walrus_6638

I’m sure the people holding FTM and YFI thought to themselves “these are solid coins I believe in for the long haul.” Whooooops

ImAmlan03

I don't think FTM or any fantom ecosystem project is listed in coinbase. YFI is there becasue it was originally launched on Ethereum.

Dulcar1

Is YFI the only one on coinbase?

ImAmlan03

SOLID, YFI, K3PR, MULTI, SEX (No, Seriously this is the token)

Blooberino

So is YFI shutting down completely? Like going to zero, or is it being taken over by different teams? Asking because I'm thinking of gambling.

knsyr

YFI and FTM living major crash. Grimace Coin started to bull run. Seems like market reshaping.

stiviki

**Real meaning:** "We 2 are rich and they are going to enjoy the money!" I am very disappointed with Andre Cronje doing this as he is an influential figure in the field (YFI, FTM, etc).

ersleid

In light of the news about YFI/FTM dev quitting, I shall step in with my extensive knowledge in programming to continue the project printf("Hello World!"\n);

LiamGTR

FTM/YFI rug pull

LiamGTR

FTM/YFI rug pull

ersleid

The project will be terminated on April 3 according to the tweet. If you think YFI will somehow recover from this dip before April 3 arrives, then go for it 😂