Yearn Finance and Bitcoin

[bitcoinguy111]

Yearn Finance is introducing a vault part of the ecosystem and I just bought some on Huobi.com.

People say that Bitcoin should increase the protocol to include a yield like staking.

Over 20,000 on the market right now..... is YFI the new Bitcoin?
https://www.huobi.com/en-us/exchange/yfi_usdt/

[1713525744]

1713525744

[1713525744]

1713525744

[1713525744]

1713525744

[In the silence]

Yearn Finance is introducing a vault part of the ecosystem and I just bought some on Huobi.com.

People say that Bitcoin should increase the protocol to include a yield like staking.

Over 20,000 on the market right now..... is YFI the new Bitcoin?
https://www.huobi.com/en-us/exchange/yfi_usdt/

Sooner or later that Yearn decentralized finance will collapse, what has been gain overnight may loose overnight. Coders are creating that key mechanism just to trick users and gain a quick profit, DeFi like that should be in investor based games section.

[sunsilk]

People say that Bitcoin should increase the protocol to include a yield like staking.

Then it wouldn't be POW anymore.

Although this feature is possible for some exchanges like Kraken. The interest would be around 0.25% PA. And the other website that I've seen is the same as the interest accounts for Blockchain.com.

But you don't hold your bitcoins for the period of time you'll dedicate for those websites. Even with those percentages of profit, I'd be happy to hold it personally than to allow them to hold it for me.

With the hacking incidents happened in the past, I'll hold it better.

[bitcoinguy111]

I am getting almost around 4% on Huobi.com for Bitcoin and 8% for USDT.

Check it out https://www.huobi.com/en-us/savings/

[leea-1334]

What the hell the day has come when Defi is now also called the new Bitcoin haha;)

I saw the Huobi updates all coming to me now too,,, very tempting some of them with the bonus of free commissions and even on top of that yield farming but I am not changing my mind about Defi and claims like this make me stay away even more.

[bitcoinguy111]

Huobi offerings aren't a scam the rest may be a quick hip and rip scheme .

I have been getting good yield without all the gas cost.... Huobi is trustworthy for sure.

[grabpopcorn536]

YFI is currently just a phenomenon and cannot be compared to bitcoin.
Bitcoin has a history of more than 10 years and more and more people know and own it.
YFI and Bitcoin are not comparable.

[Alert31]

Looks a lot of new coin rising now and they think it could be a new bitcoin. How it will happen? If those coins are just boom now and doesn't have a strong fundamental unlike bitcoin that already exist more than ten years and still valuable and continue increasing in demand.

[rexxarofmoknathal]

Yearn Finance is introducing a vault part of the ecosystem and I just bought some on Huobi.com.

People say that Bitcoin should increase the protocol to include a yield like staking.

Over 20,000 on the market right now..... is YFI the new Bitcoin?
https://www.huobi.com/en-us/exchange/yfi_usdt/

Sooner or later that Yearn decentralized finance will collapse, what has been gain overnight may loose overnight. Coders are creating that key mechanism just to trick users and gain a quick profit, DeFi like that should be in investor based games section.

I sense so much skepticism in your reply that I felt compelled to comment. Whether you think sooner or later something might happen doesn't make it any likely that it may happen or vice versa.

And if you always have that attitude to something that it 'may' go up then down then you're not giving yourself a chance to rise above the norm and take a risk.... While risk taking is an individual choice, many would just live in the moment rather than pondering on about what might happen.

[taufik0911]

Yearn Finance is introducing a vault part of the ecosystem and I just bought some on Huobi.com.

People say that Bitcoin should increase the protocol to include a yield like staking.

Over 20,000 on the market right now..... is YFI the new Bitcoin?
https://www.huobi.com/en-us/exchange/yfi_usdt/

Sooner or later that Yearn decentralized finance will collapse, what has been gain overnight may loose overnight. Coders are creating that key mechanism just to trick users and gain a quick profit, DeFi like that should be in investor based games section.

You think like me that someday yearn finance will collapse due to various factors different from bitcoin because almost all pairs will definitely have a main pair, namely bitcoin so in my opinion bitcoin has no competition
YFI is currently popular because it hives and is just waiting for it to collapse

[Coin_trader]

Yearn Finance is introducing a vault part of the ecosystem and I just bought some on Huobi.com.

People say that Bitcoin should increase the protocol to include a yield like staking.

Over 20,000 on the market right now..... is YFI the new Bitcoin?
https://www.huobi.com/en-us/exchange/yfi_usdt/

Sooner or later that Yearn decentralized finance will collapse, what has been gain overnight may loose overnight. Coders are creating that key mechanism just to trick users and gain a quick profit, DeFi like that should be in investor based games section.

You think like me that someday yearn finance will collapse due to various factors different from bitcoin because almost all pairs will definitely have a main pair, namely bitcoin so in my opinion bitcoin has no competition
YFI is currently popular because it hives and is just waiting for it to collapse

I agree that YFI will collapse as Bitcoin too. All coins has the possibility to collapse when it was overbought for a long time due to hype alone. Actually the usage of YFI is very powerful because holders has the power to vote on the next move of the project unlike bitcoin which powerless or so. The only thing I hate about YFI is how they hype the project itself, the price growth is not normal and very risky. I believe the price can collapse more than -50% in an instant once holders loss trust on the project.

[cryptomaniac_xxx]

No, they are not even comparable, very different protocol, if you mean the YFI could be the next great big thing out of crypto? I don't think so, this is just pure hype that we are witnessing, did you see it's massive increase and then dramatic drop? That's indicative of pump and dump and pure manipulation by someone behind. Growth should be normal, it hasn't been in the crypto space for a year, while bitcoin has been dominated the market for the last 10 years or so.

[Princejebs]

If almighty king Bitcoin should collapse, yearn finance days is coming. This is not a cause for FUD or financial advice, but I felt the end of yield farm bullshit is coming to an end all in the name of decentralised finance.
Invest wisely, the whales would shill anything and sell off to another hot trend.

[palle11]

Invest wisely, the whales would shill anything and sell off to another hot trend.

I think with FYI anything can happen. Price is around $20k but last week around $33k. The volatility is also very high if it can drop that very fast . I believe bitcoin is acting more secured in investment in my mind.

[shinratensei_]

Bitcoin is not the same as Yearn and both were having a different purpose. You can't even say YFI has a chance to be the next bitcoin while it was only getting the hype to create a big pump before. As far as i know, it was going down again since the peak price that has already touched at $35k and you know how bad it is when it was going down so fast.

it was getting hyped caused by the yield that has already offered. People were buying it caused by they only wanna earn interest.

[bitcampaign]

Yearn Finance is introducing a vault part of the ecosystem and I just bought some on Huobi.com.

People say that Bitcoin should increase the protocol to include a yield like staking.

Over 20,000 on the market right now..... is YFI the new Bitcoin?
https://www.huobi.com/en-us/exchange/yfi_usdt/

you feel sure YFI will survive with such a value, learn again from before where ICOs have grown since 2016 and then almost all tokens are high value, after 2018 they collapsed, so I feel this is similar to before, even I am still not sure it will last more than 2 years, never compare bitcoin concept with YFI

[princecharles]

It's quite funny that YFI is seen as the new bitcoin when we all know that Defi is only a bubble and very soon it would be over. I'm feeling very sad for those who would loose so much from this impending danger. My advice is that before investing in Defi projects its wise to DYOR Inorder to avoid being a victim for these developers taking advantage of the Defi trend.

[rahmathidayat93]

YFI is currently just a phenomenon and cannot be compared to bitcoin.
Bitcoin has a history of more than 10 years and more and more people know and own it.
YFI and Bitcoin are not comparable.

That's right, and if someone compares the YFI token to Bitcoin, then he or she has forgotten the history of the birth of Bitcoin, or even he doesn't know the history of Bitcoin, because Bitcoin's struggle to create trust in society is a very heavy thing and deserves a thumbs up, and this is certainly different from YFI, which has a high price because of the small supply with a positive trend.

[AmoreJaz]

No, they are not even comparable, very different protocol, if you mean the YFI could be the next great big thing out of crypto? I don't think so, this is just pure hype that we are witnessing, did you see it's massive increase and then dramatic drop? That's indicative of pump and dump and pure manipulation by someone behind. Growth should be normal, it hasn't been in the crypto space for a year, while bitcoin has been dominated the market for the last 10 years or so.

what mystifies me here is that even if they have no working platform yet, why can they surpass the value of btc? if you browsed their website, their products are still in beta. so the likelihood that this has been manipulated due to the current defi hype is very high!
 i dont think this will last like btc. wondering what will be the results for the next 6 months on this project? my bet is that it will go downhill.

[Naitik]

Bitcoin will always be the King, No other will take over it. YFI is just a bubble. Every year we have one who is gonna beat BTC, but in the End the project died.