Yearn Finance and Bitcoin

[Leonard2016]

I think it's a lame copy of binance savings , Binance did it earlier and give you some APR and luck your money , the important thing in my view is safety, If anything leaks from the exchange your money is gone , something that happened with BZRX today and it dropped 35% only in one day!

[1714916121]

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[Chrystora123]

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/

New Bitcoin?? hell noo..  how can Bitcoin be compared to Altcoin (yfi) which suddenly appears at an absurd price.  I will not agree with trying to compare Bitcoin with other Altcoins because Bitcoin is Bitcoin and yfi is yfi and not the new Bitcoin..

[Anna138]

By staking we force altcoins price to pump but this process can stay long. Even i don't support centralized wallet or exchange wallet staking process, in both wallet you don't have your control. Like atomic wallets offering very good staking rewards. Still some people dream of becoming yearn finance holders when YFI becomes Bitcoin. YFI listed exchange this year, just a few months ago.

Not only bets can make the price of altcoins swing. This is influenced by a huge number of factors. And the most important of them is the price of bitcoin. As soon as bitcoin starts a strong movement in the price range, altcoins always immediately follow it. They are co-dependent on each other.

[sallasvve]

By staking we force altcoins price to pump but this process can stay long. Even i don't support centralized wallet or exchange wallet staking process, in both wallet you don't have your control. Like atomic wallets offering very good staking rewards. Still some people dream of becoming yearn finance holders when YFI becomes Bitcoin. YFI listed exchange this year, just a few months ago.

Of course, with the help of staking and loans, we pump up the bubble, but sometimes you can participate in this, especially when you are sure that this situation will last for some time. The crypto market is very risky and we are all ready to take risks for the sake of big money.

[YOSHIE]

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

If you think that the token YFI, is Bitcoin today, you are wrong and wrong, you should not look at the current price, indeed, if the price is higher than Bitcoin, it doesn't mean YFI is the newest Bitcoin.

https://coinmarketcap.com/currencies/yearn-finance/

You can see about the YFI token link above, there are many reasons for YFI's current price is higher, one of which is the very small supply of only 30,000 coins available.

If, Bitcoin only 30,000 pieces were created, not 21 million pieces, maybe the current Bitcoin price could reach more than $ 1 billion, it could be.

You will be surprised if you see another coin on this one: wrapped-bitcoin, once topped the $ 40,000 level, in 2019, higher than YFI, That's not what it means: (wrapped-bitcoin) can be said to be new Bitcoin. currently the price is only: $ 10,000 from the highest price in 2019, this could be the case with YFI coins.

So, Bitcoin currently has no competitor in the market, Bitcoin is also used by all people in the crypto market today.
Very different from YFI, it can only be traded in certain markets, it cannot be exchanged or you can spend it in public markets, malls, restaurants, tolls etc.
You can use bitcoin anywhere that accepts payments with crypto in general.

Very wrong if you say YFI is the new Bitcoin.

[ipanks]

Of course, with the help of staking and loans, we pump up the bubble, but sometimes you can participate in this, especially when you are sure that this situation will last for some time. The crypto market is very risky and we are all ready to take risks for the sake of big money.

Yes, people who are ready to take risks in the Crypto market will certainly participate in that, but I see there are also people who are not ready to take this risk even though the benefits are enormous.

People who don't want to risk YFI use the other coins because they want to minimize the risk. I see the price of YFI can jump down too hard and back to the high price in the next second. So that makes people worry if they make a buy at the wrong time. If you have spare money and want to feel the high risk in trading, you can trade with both YFI and bitcoin. But you should be careful this time because both YFI and bitcoin still not stable, and it can go down again.

[ampu]

YFI project profits have decreased significantly since the week when YFI was fully exploited. Some money has been withdrawn from YFI's liquidity pools.
YFI cannot be compared to BTC.
BTC has a long mining history and is more popular among people.
YFI is a new DEFI project where people lock their assets on the app and receive interest. If people stopped doing that this project could go to zero.

[Xembin]

Bitcoin is a very popular to investors which they have invested and got a massive benefit in return compare to yearn finance which is still new to investors.

People prefer to take a risk to a coin they know very well in the areas of investment, than a coin they don't really know how active it is in the market place. Some time if you can take that big risk and try, that new coin that people are avoiding in the market, just because they are not use to such project and make them to understand that, the new coin are good for future profit.