What do You think about YFI ?

[bitcoingape]

I think this is one of the most created thread in this board, and has been discussed to death already:

• YFI is new Gold of Crypto world
• YFI and YFII
• Yearn.Finance (YFI) hits $28k
• Be careful with scam copycats of YFI

Woah let me check out these 

[1714729261]

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[Republikcoin.com]

I don't know, I think the price is really high. to be honest, I never saw this coin or token before. however, when the price got really high, I felt that it was extraordinary. yeah, but I don't know, until when the price can be that high. I'm pretty sure the price will drop one day.

[thesmallgod]

Many of the defi project have seen are overhyped and some have even deteriorated in price with little or no hope of the price risen again but YFI is still much better. Maybe because it is listed in big exchange such as binance but the recovery rate after the recent market has been OK. The token is still maintaining a decent price of 20k so if you are someone that like taking risk, then YFI is OK. Hopefully the bearish market doesn't continue.

[giammangiato]

Maybe because YFI was the first, but I honestly don't know if its price is right or wrong.
I would not launch into an investment without understanding how it works first, it becomes too risky.
Look at AMPL, I have not yet understood this stable which is not stable

[tvplus006]

Andre Cronje, who is the founder of yearn.finance in its article on https://medium.com/iearn/yfi-df84573db81 says that YFI is a completely useless token: "There is no pre-mine, there is no sale, no you cannot buy it, no, it won't be on uniswap, no, there won't be an auction. We don’t have any of it". But obviously under the influence of hype around DeFi, the price of the token has become higher than the price of BTC in just 1 month. I consider investing in yearn.finance very risky at the moment.

[bayu7adi]

I think its a project with huge market manipulation.

There is a possibility that this is the result of price manipulation by several whales that were cooked by the media to go viral. The total supply of YFI is only 30,000 and the initial price is only 35 USD, which means that token monopoly practice could occur in the YFI ecosystem. It's a possibility, I don't mean to attack the YFI community.

The existence of DeFi this year is also increasingly popular, and almost all ecosystems connected to DeFi have good prospects and are very promising in the eyes of the world's crypto community. This is because the confidence level of everyone who knows DeFi is very high.

[yohananaomi]

I think its a project with huge market manipulation.

There is a possibility that this is the result of price manipulation by several whales that were cooked by the media to go viral. The total supply of YFI is only 30,000 and the initial price is only 35 USD, which means that token monopoly practice could occur in the YFI ecosystem. It's a possibility, I don't mean to attack the YFI community.

The existence of DeFi this year is also increasingly popular, and almost all ecosystems connected to DeFi have good prospects and are very promising in the eyes of the world's crypto community. This is because the confidence level of everyone who knows DeFi is very high.

Everything can happen in crypto and nothing is impossible, for that we need to be careful because many are playing to take advantage of people's inability to do something. and it often happens so that it also needs to be scrutinized and paid attention to properly. the possibility of losing money could happen because you were tempted by a fantastic price. whatever it can be experienced and happened, not only because now there are many issues about YFI being discussed.

I do not and cannot fully trust Defi because it is still too primary to be able to determine whether it will work, what's the difference when from ICO being changed to IEO the result is the same, at first it looks good then back to the past, what needs to be changed is not a good system but the operator / people who do it. if the etiquette is not good it will be the same in the future.

[hrunya102]

I would not invest in YFI token, the price is very high, but I locked a few stable coins in the vault.

[escalante28]

No need to think about it, YFI has a small supply and its price is fair but if you're going to invest just don't cry later.
Most of these bubbles will pop soon.  Just go with the flow.

[Bitbuffalo]

Heya

Guys what do you think about yfi

is it worth to invest now

or it should be avoided as of now

DEFI is the future, some coins will survive, I would buy but not today lol bitcoin is taking a dip. I bought some FFYI yesterday on uniswap: https://fiscus.fyi/ great coin they are trying to solve the cross chain issues. So stake but not only eth. Still a low cap coin!

[todiefor17]

Yearn.finance is being manipulated and exaggerated to the extent necessary. It is not possible just because of the way it works and supply is limited to 30000 YFI that its value is pushed up so quickly. Currently, YFI's circulation is 29967, with only 33 tokens remaining. I watch how they handle the situation of fully exploiting tokens.

[X-ray]

Yearn.finance is being manipulated and exaggerated to the extent necessary. It is not possible just because of the way it works and supply is limited to 30000 YFI that its value is pushed up so quickly. Currently, YFI's circulation is 29967, with only 33 tokens remaining. I watch how they handle the situation of fully exploiting tokens.

You should know about the economy 101. I think that this coin is not getting manipulated as everything that has been running by the developers of YFI very transparent to the traders or users. If you are judging from the low supply and iy sould not be a strong reason to say this coin was getting manipulated by the developers.

How are they exploiting the token while there are so many eyes always watching this coin? it's quite difficult to happen.

[n0ne]

Many users have stated YFI as manipulated. If this growth has happened to the peak and drops to the low bottom or to some extent, then we can state it as a manipulated growth. Here the YFI market situation is completely stable. At times there is marginal fluctuation. To the low it has fallen close to the value of $20000, and in a short it has recovered reaching above $27000.

For now it isn't good to invest on yearn finance in my view, because it has marked its peak value. We don't have the assurance that the growth will happen forward or drops, if the market crashes what we experience will be a drastic failure or loss of capital. So, it isn't adviced to invest on YFI at the moment.

[Roidz]

Heya

Guys what do you think about yfi

is it worth to invest now

or it should be avoided as of now

The YFI price boom  surpassing Bitcoin prices in just a month after launch has shown us the possibility that anything could happen in the current crypto world, but what we need to realize is whether the YFI bubble trend will continue for a long time or it may be temporary. But for sure YFI is currently a pretty good short-term investment in my opinion, but don't try to hold it for long enough because if the bubble bursts the price will fall uncontrollably.

[todiefor17]

Yearn.finance is being manipulated and exaggerated to the extent necessary. It is not possible just because of the way it works and supply is limited to 30000 YFI that its value is pushed up so quickly. Currently, YFI's circulation is 29967, with only 33 tokens remaining. I watch how they handle the situation of fully exploiting tokens.

You should know about the economy 101. I think that this coin is not getting manipulated as everything that has been running by the developers of YFI very transparent to the traders or users. If you are judging from the low supply and iy sould not be a strong reason to say this coin was getting manipulated by the developers.

How are they exploiting the token while there are so many eyes always watching this coin? it's quite difficult to happen.

There are a lot of good and transparent things but the value is still inflated, if you remember by the end of 2017, there were tons of cryptocurrencies that increased in value and then quickly plunged. Divide 10, divide by 20, and more. How can we know their exact value?
Even the founder insisted that YFI was not worth it.

[Rafiqul]

I think YFI has been hugely manipulated, otherwise you can't see such huge fluactuation of $38000 ATH from $35 within less than 2 months. It has got huge hype, I think It is way more over rated and should be avoided.

The current price of YFI doesn't seem normal to me, it's got too much hype. Investing in YFI is very risky at the moment. I firmly believe that the price of YFI will return to normal soon.

[Chukwunonso]

YFI has been resounding in the news lately as it has overtaking bitcoin in price. The last time I checked YFI was trading above 2 btc. I'm sceptical about the project and would rather see how it happens that invest my resources. The token have only 30,000 tokens and its possibly owned by few persons, who could swing the market since they hold the strings.

[khimer_rangers]

i don't know because almost a year not following crypto news,I was surprised when there was a token whose price exceeded bitcoin for me it's quite interesting, but I'm still really not sure YFI's price will get more expensive in the long run for me the price of YFI is very risky.

[justdimin]

I really do not see it anymore than what it is, just another project that I am not interested in, there are tons of projects out there and everyone thinks that one of them is the next big thing that they will make a ton of money but in reality I do not see any of these the next big thing that will allow you to retire early. Forget about those type of situations, just focus on the bitcoin and ethereum and those type of known and trustworthy coins and that's enough.

You know why I love bitcoin? Because it is so decentralized that there is not even an owner or a team, anyone can make changes but as long as community doesn't pick it, that is not changing, which means one person can't do anything, all these new projects have those people that has power over the project which I hate.

[MCobian]

Have a look at YFI's performance in the market for yourself, it can be concluded that it is extraordinary. Typical DeFi project hype this year,
happened to YFI tokens too. Even though YFI's new projects have shown excellent potential, I as a holder is very satisfied with YFI performance.
Even now, the YFI pump price is 21%, so I will hold YFI at least until the end of this year.