YEARN FINANCE And YFI Token Explained | DeFi, Ethereum

[@Finematics]

❓What do you think about Yearn and YFI? Have you managed to participate in their initial token distribution? 👍Hit the like button if you enjoyed this video 🐦Follow Finematics on Twitter ► twitter.com/finematics 💛Support Finematics on Patreon and join our Discord community ► www.patreon.com/finematics

[@OphiuchiChannel]

How the gas fees are handled? I dont get why at first someone wanted to do daily withdraw/deposits of stablecoins since the price in gas, even then, would outweight the benefits? Two transaction a day, thats at least 10$ for 100$, a 10% loss a day.

[@ribertfranhanreagen9821]

@@OphiuchiChannel yes but it also cost arroun d $10 for $10000 ammount

[@hiddenfactstoday]

You should definitely make video about Cream Finance as well! Really great project, and if you are into DeFi it is really good. I really like how Cream Finance joined with Yearn finance making Iron bank ! Definitely worth checking out ;)

[@kWb02]

Dude how tf are people even creating stuff like this.....just amazing

[@redsquirrel1565]

It’s incredible the amount of technology and development

[@JV-rz1hy]

Jesus Christ, a much better explanation than y learn or any docs and medium I found. Thanks a lot.

[@Finematics]

Thanks, you're welcome!

[@faintvids7352]

This one YFI explanation is easy to understand as well cryptotelegram.com/yearn-finance-explained/

[@ameen2428]

@@Finematics check my other comment on this video. there was a spam reply faking like your account and stating a whatsapp number for providing crypto investment advices. Hope everyone will report them.

[@vincezetti7216]

watch your mouth

[@unclefab]

Best video I found on YFI. As a French guy, I can understand very well your english. speak slowly, clearly . Super ....

[@Finematics]

Thanks! :)

[@errgo2713]

There ought to be a liquidity pool that rewards Finematics for the all science he brings to the community

[@JN003]

I found the liquidity pool www.patreon.com/finematics (anyone know of a liquidity pool for those who direct people to liquidity pools ?

[@پرویزهاشمی-ن4م]

وقت مردم رابیخودی ازبین میبرید کارتان خوب نیست

[@پرویزهاشمی-ن4م]

ئ

[@پرویزهاشمی-ن4م]

خیلی پول خوردی

[@پرویزهاشمی-ن4م]

@@JN003 مسخرخودتان هستید

[@Bashar3A]

Thanks a lot for this channel. We need stuff like this explaining rather than just pumping and hyping

[@MB-fv9jh]

I have been in crypto since 2016. My brother in law is about to retire at 30 because of YFI and the defi space after 6 months and a home equity loan. He does not do any farming. Just buys and holds the governance tokens of defi protocols he believes in. Tried to get me involved with YFI when it was 1,500. That was 31,690 dollars ago (as of today)...smdh. I am glad I found this channel. Can I just hire you to be my Andre? I can just give you say 3 BTC to start and we can negotiate your commission lol. In any case, job well done. This channel makes me feel more confident to go from my HODL strategy to delving into defi.

[@truth4099]

When was it at 1,500?

[@MB-fv9jh]

@@truth4099 Late July. Like around the 22nd or 23rd maybe? Don't remember exact date but I do know I thought it was way overvalued at the time. The defi space is very volatile.

[@truth4099]

M B in matter of couple months this token went to 31k, how is that even possible ? Took bitcoin years just to stable at 11k. Do you know what make prices rise etc... Is Defi coins completely different from the other crypto’s ?

[@pcl5636]

This channel has the best explanations! Thank you sir

[@Finematics]

thanks sir! :)

[@deeplyconfused1416]

What a super-informative, clear and accessible video. No hype here - just a good clear explanation. I've been struggling to get my head around Defi - so very helpful. I've subscribed now. Look forward to many more!

[@Finematics]

Thanks Ben!!

[@newagetomboy]

Now you can change your name to Deeply Not Confused.

[@ayeoner]

This was incredible! Thank you 🙏🏾

[@JournalduCoinFR]

Simply the best channel about DeFi out there ! Props from France guys.

[@Finematics]

Thank you!

[@Lafortune100]

went from $49,000 to $78,000 in less than 24 hrs this what ppl wish butcoin could do

[@vlonevlone2319]

doesnt mean anything. check the market cap. it will drop once bitcoin hits highs

[@Sanctusnsb]

dude your videos are amazing, I'm binge watching them!

[@Finematics]

thanks!! binge watching is the way to go :)

[@B3DFire]

It's a Saturday night and binge watching too!!

[@ameen2428]

Loving the whole series! Thank you ❤️

[@rohanmarwaha2526]

great work! Please do a video on YFValue (YFV) ? Thanks!

[@toshbel]

You're rendering a priceless service to the Crypto community. 💐

[@tamarpinder]

Thank you for these videos. Much love all the way from The Bahamas

[@KikiNation1]

Great explanation for a complex topic, thank you!

[@Finematics]

Thanks!

[@AlbertVicol]

I would love a video on Tron network and their version of yeld farming. You have the best content ever !!!!

[@toshbel]

Thank you for your tremendous work! 🌈

[@tuka99norway]

Amazing content, would love a video on Cake DeFi and their DeFi Chain token!

[@Marvellann]

I'd like to see a video on how yearn vaults actually work - where is the deposited ETH, DAI, TUSD etc. going and what are these coins doing to earn such a ridiculous APY; and how often is the interest added to your vault; how and when is the interest converted into your chosen coin (assuming you've earned farmed token).

[@AndyShepard]

Did you ever find an answer to this? I'm wondering the same thing.

[@Marvellann]

@@AndyShepard You can easily search for the vault strategy to get to the APY. However, I haven't looked into the smart contract to know the exact parameters when the token converts execute.

[@keyone4582]

Keep on man, you have the best tutorial!

[@Finematics]

Thank you!

[@awgkuhishampghashim3898]

Timely to understand Yearn Finance.

[@enoughtime2waste602]

The most undervalued crypto in the space : Blocknet ! I dont want to shill but nobody knows about it so i make you learn !! And by the way Cosmos has stolen its Internet of Blockchain spell from Block ;)

[@enoughtime2waste602]

Also Binance was stealing and spying !

[@chickensandw1tch]

I hardly get t but maybe I’m just a bit slow, trying my best to absorb this knowledge 🧠

[@AlexandraSkrzypinski]

Appreciate the detailed breakdown! Just a quick off-topic question: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?

[@larrydevops]

You are a star! Excellent work

[@Finematics]

Thank you! 😊

[@kushalsapra1930]

Thank you for providing such a great content😄👏Hope for more interesting videos are coming soon♥️

[@binayakkc8869]

Thanks for your diligent and professional work! Would really love to see a video on Andre's new project Keep3rV1?

[@ivo4277]

Very good explanation video, great stuff. I think YFV is up next very open communication and well build, more to come as well.

[@rabbicircletraders2773]

Pls is YFV related to the YFI token?

[@francescogarofalo3191]

@@rabbicircletraders2773 YFII is the unique opportunity, I think, because economics data is similar to YFI (AND NOW HOUBI EXCHANGE LISTED !!!! )

[@Minzeld86]

The future of finance.

[@praveenmenon2890]

Yearn token = Bone token ,y ecosystem = shibaswap...Pretty interesting how Shib token has incorporated the best things from many good coins or tokens

[@JohanLebbing]

That was a very great explanation how this coin works....Thanks.

[@Finematics]

Glad it was helpful!

[@onekycarscanners6002]

The catch in all this is that supply key. That's the biggest risk

[@Balasad1979]

Now I understand when it has so much value. Thanks for the clear explanation. I’ve been reading about YFV and how it’s working to be the next big thing. What do you think of YFV and Can you please do a video on YFV. Thanks.

[@bluebloods8760]

Ok guys so there are many YF cryptos that are going insane in price right now, YFI is the original and is the bitcoin of defi. Ive put in higher than the rest but this game is still early on, if this thing hits In the billions ull be able to buy bitcoin for yfi easily! Let’s do this!

[@shayo201]

Very nice video. Thank you for the clarity.

[@Finematics]

You are welcome!

[@riseuplight]

My question is: Please clarify on why the price appreciation was so high - was it based mainly around the number of signers increasing in order to make it less possible to be manipulated? Is that was caused the buying spree to occur?

[@sophieamat9467]

excellent work explaining Yearn!

[@Finematics]

thanks!

[@tobias2688]

Whenever I want to learn about these new DeFi topics I always get so overwhelmed with new concepts and terms... Do you know some "DeFi for Dummies" introductory materials?

[@Finematics]

You can watch my other video "Decentralized Finance Explained". I don't know any good materials for beginners, but I'll be working on a DeFi 101 course soon! :)

[@tobias2688]

@@Finematics thank you I already did. Such a course would be awesome!

[@regimesoftruth]

I love this channel. Great work!

[@Finematics]

Thanks! :)

[@maximepaul1954]

Loved it thank you! Great job your channel is really perfect.

[@Finematics]

Thank you!

[@finamitchem]

Appreciate the detailed breakdown! Just a quick off-topic question: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How can I transfer them to Binance?

[@rafaelb.7483]

Great explanation. Thank you.

[@lionardo]

A very good explanation.

[@Finematics]

Thanks!

[@joogstar]

I bough like 10 of them at $750

[@Garrycamden]

What do you think about yearn finance diamond tokens?

[@virajkokane4431]

Amazing KZbin channel! Very good explaination. Please create a renVM video as well and blockchain interoperability.

[@Finematics]

thanks! renVM is on my list :)

[@djonnaz]

Late to this video, but where are the links to the other products you promised?

[@coledinant2603]

Thank you for a great video. DeFi is a revolutionary financial technology that I really like. Personally I use PointPay platform. They have a lot of advantages over other projects. First of all you don’t need to pay these crazy fees to withdraw your liquidity. And secondly they have really high interest rates. For example 6.1% APR for BTC and 4.6% APR for ETH. Also the platform is very comfortable and easy to use, so I recommend it to you!

[@پرویزهاشمی-ن4م]

فقط پول می خو رید کارتان هیچ خوب نیست وقت آدم را میگیرد چیزی پخش نمی کنید

[@danas6398]

Good job! would be great to see a vid on YFD!

[@jameswearley9659]

Good stuff here...thanks

[@fredaubin6023]

Thank you for your content ! Just subscribed.

[@Finematics]

Thanks! :)

[@subicdreams4385]

Nice video. Thank you. Can you do YFValue

[@danielbolton6895]

I don’t understand what underlies the value of this system. Who is borrowing these tokens and paying interest? Why are they borrowing? Please explain.

[@pronaldgoodgame2628]

nice and clear! thank you!

[@chinonsoalumona6734]

Great video! 😊 Very easy to comprehend. Please do one on Wolfage Finance (WEFI). Been hearing some awesome stuff about it

[@ronnywilliams3302]

YEARN came out strong in 2020

[@cyberdisco9724]

Great video, thank you!

[@fullcircle4723]

Another top video. Keep it up mate

[@Finematics]

Thanks! :)

[@albertosacchi421]

we have a non anonymous dev... $YELD and YELD.Finance

[@Dkeem86]

Can u explain yearn finance II YFII?

[@JoshOClock]

Any thoughts on YFDAI?

[@dbassi75]

I did get YFi while I was a LP on yCurve. But unfortunetly I sold for around 5k. Not to bad but lost it all the upside after that...

[@kasiamisiowiec3638]

YFI Rules !

[@tensevo]

People talk about crypto being trustless, well, that's BS, Belief and trust is THE game in crypto.

[@Finematics]

It's about the technology that doesn't require trust as you cannot modify once deployed smart contract. It's not always about the price.

[@ColeMorton123]

So what is the value or utility of the YFI token besides governance?

[@Bizija123]

Has no value whatsoever. These are 21st century ponzi schemes.

[@tylerjodeblock1224]

its a great question, do you think its worth 30k+ to have 1/30000th rights in governance?

[@LemonGeckos]

Good question

[@danielcrypto7045]

Hey Guy, I really enjoy your channel and your articles and reviews. I have noticed that SpaceSwap has been going up a lot lately and can't find any recent news related to it, do you know anything about it?. Keep up the great content. Cheers!

[@undooz8606]

I hold softyearn. But they changed contract.. what to do? Is it poosible to upgrade to Soft yearn v2

[@redantdc]

great video

[@Finematics]

Thanks!

[@AnthonyDoesYouTube]

So is THIS the token that kicked off Defi Summer and subsequently the mother of all Bull Runs?

[@kamo3212]

Amazing, informative content. I love your breakdown style and how you make Defi easier to understand. Keep it up FInematics!

[@Finematics]

Thanks a lot! :)

[@reycrypto6366]

Where can i invest?

[@Finematics]

The best place for all the DeFi tokens is always one of the decentralized exchanges such as Uniswap or Balancer

[@newagetomboy]

So it's a trading Bot?

[@bobbyschneider8333]

#YFIVE FINANCE $YFIVE FINANCE .. LISTING ON FINANCING WITHIN 24 HOURS, DONT WAIT.... RUN!

[@알아야겠어그기분]

What a awesome clip!

[@Finematics]

Thanks!

[@DuyNguyen-iy8ls]

Magnificent!

[@rov_es]

I don't know how I miss this.

[@nikolakolchakov5691]

I didn't understand how the COMP farming made searching for best yield hard and inneficient. Can someone elaborate ?

[@ablaamir90]

very helpful thnx

[@Finematics]

you're welcome!

[@-Atmos1]

YFII Max Supply is 40,000 therefore similar to YFI token with Max Supply 30,000 .

[@TruVlogTv]

what is a depisit or you saying deficit?

[@guyleal9]

Awesome video definitely explained a lot of unanswered questions for me. Would you consider doing one on Decntr (DEC)? I know a lot of big names are behind that project and I’m curious to know more than my current limited understanding

[@naturalLin]

YFV is the next one.

[@enoughtime2waste602]

The most undervalued crypto in the space : Blocknet ! I dont want to shill but nobody knows about it so i make you learn !! And by the way Cosmos has stolen its Internet of Blockchain spell from Block ;)

[@adj789]

put a grand in DAI into a vault earning 43%, we'll see what happens

[@piotrchwdp7913]

Intresting project but i am only afraid of re-invest squeeze. I will try to w8 till it happens. Fingers crossed for Your Lamborghini;)

[@adj789]

@@piotrchwdp7913 well so far the apr went from 43% to 63% and I'm up almost $20

[@kryptokrake9768]

@@adj789 So whats your conclusion now?

[@adj789]

@@kryptokrake9768 took my position out because I'm converting into bitcoin but the dai vault usually stays aroud 7% or above so it's really not a bad bet

[@kryptokrake9768]

@@adj789 So you made a profit. Congrats. And good decision with btc, not technic will win the Crypto race mass adoption. And BTC is leading since the beginning. In my opinion i would wait i think you will get BTC cheaper in the next months.... But would be pleased if i am wrong

[@vknight7497]

YFL is the next one. Linkswap allows link holders to yield farm. Eth/YFL pool is getting 1800% interest (5% a day). 47k supply, market cap of 35m and just getting started. Get in now, it’s going to be 10k after Binance listing.

[@basseairdrop9720]

Hello guys.I was surprised at $YFI 🚀🚀🚀pumping so much on #MXC_Exchange❤️❤️❤️ and now just found out popular influencers are reviewing $YFI. I think I need to buy more when it dips again!! 🌕🌕🌕

[@parthasarathyvenkatadri]

IF yearn protocol could also invest in equity .. it would disrupt the mutual fund industry.

[@reycrypto6366]

Seen the token go to the moon 2 days ago. Is it to late invest?

[@Imgz]

I invested 2 days ago at $30k, so far so good

[@reycrypto6366]

Why cant i convert bitcoin to Yearn on Coinbase?

[@Finematics]

All the DeFi action is usually happening on decentralized exchanges such as Uniswap or Balancer

[@bossgd100]

@@reycrypto6366 no but you can transfert your btc to binance then swap btc for yfi on binance

[@TheCutFather]

@@Imgz I think it will teach 100k by the end of the year or b4

[@philhellmuff]

Too bad the eth gas fees are so high that it costs you $100+ to get YCRV into YEARN. For a $1000 deposit it will take a month just to break even + future APY and fees are not guaranteed.

[@Finematics]

Feel your pain. I haven't tried it yet, but I think you can exchange ETH directly to yCrv on Balancer. The yCRV contract usually has to exchange 1 stable coin to multiple ones in correct ratio, wrap them and deposit to the pool. All of these cost a lot of gas.

[@linchen536]

absolutely love it

[@Finematics]

Thanks!!

[@Marco-ei2ny]

i also love yfvalue

[@shivangsaxena6943]

I'm really not understanding these parabolic runs on governance tokens.

[@bossgd100]

Make a vidéo for each product of the ecosystem pls

[@hossainmdmofazzel301]

Thank u

[@Finematics]

You're welcome!

[@Immlucky]

I think $YFI is a promising project listed on #MXC_Exchange!! I am planning to accumulate looks like there is a great news coming!! Get ready your bags guys!! 💪💪

[@free.breaker]

Cheers

[@domaneroke5332]

millions sub channel in future!

[@Finematics]

Thanks!!

[@brandonmino4176]

I love the "wifi" token haha

[@francescogarofalo3191]

look the chart of YFII (the fork), in HOUBI... In only 2 week can arrive price to 40k (similar YFI) because max supply is finish ! I think is the unique real opportunity for 10x. Is the unique, because other YFI token don't have a max supply!!

[@francescogarofalo3191]

you like my prevision? (only today 120%). Now, LISTED ON BINANCE ! YFII can arrive in only one-two week, to 40k

[@-Atmos1]

@@francescogarofalo3191 YFII Max Supply is 40,000 making it almost as rare as YFI token and much rarer than Bitcoin .

[@francescogarofalo3191]

@@-Atmos1 now many people of YFI trasfer in YFII for triplicate your gain