DeFi for Degens

26 Dec 2020 11:31

1inch's UI doesn't show correct APY calculations. Someone with 44% of WBTC pool forgot to stake LP-tokens.

DeFi for Degens

25 Dec 2020 15:00

1inch token farming starts tomorrow 0:00 UTC. Current APY is sweet. TVL will change significantly after launch.

DeFi for Degens

19 Nov 2020 15:09

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DeFi for Degens

06 Aug 2020 13:59

yft.finance: another fork of $YFI, day 3

Besides previous forks of $YFI, this has some innovations: working Aragon DAO and a good landing page with detailed information for degenerate farmers.

The main tokenomic difference from $YFI and other forks is that there are only Balancer pool tokens for staking. Because of this newcomers pay to early farmers. It creates a pyramidal economy. Those who come out last will lose: they will lose all funds due to the draining of the Balancer pools. But people still farm because of the huge APY, which is about 1400% at the moment.

There is no economic value in $YFT and it will end in a death spiral when devs get bored. Farm if you understand risks, have a plan and skills. At least there are no admin keys.

DeFi for Degens

25 Dec 2020 21:25

It turned out that there will be a separate pool of rewards for each pair. So here's a new calculation with updated data.

DeFi for Degens

20 Nov 2020 14:41

Cover Protocol launched token and started shield mining program. Current average APYs are ~6000% for CLAIM tokens and ~1000% for NOCLAIM tokens.

1. Mint CLAIM and NOCLAIM tokens from DAI;
2. Add liquidity to Balancer CLAIM/DAI and NOCLAIM/DAI pairs;
3. Stake BPT.

DeFi for Degens

07 Aug 2020 12:08

$YFT price is $60. Capital started to exit from Balancer pools. First image source: @banteg