So in reality yields are around 0%, whilst they are

Question

yearn.finance (YFI)

m00nboy

So in reality yields are around 0%, whilst they are

being advertised as 10%? WTF 😆 I'm not impressed

#cryptocurrency #english #yfi

0

03.02.2022

3 ответов

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m00nboy Автор вопроса

Alex
Yep, at least yearn should decrease the management...

I'm new to this and have been told by several people that YEARN are serious and trustworthy. This experience was far from impressive. Why havent they edited their websites to reflect actual yield?

0

03.02.2022

Alex

m00nboy
I'm new to this and have been told by several peop...

Well I think this average APY is reasonable. Since they shift your capital around to get good yields these yields can be of short duration. So they advertise an average APY which they could get in the past. That's ok in my sense. But they take that 2% management fee always even if they don't manage to yield 2%... That's not reasonable in my eyes.

0

03.02.2022

Alex · Accepted Answer

Alex

Yep, at least yearn should decrease the management fee of 2% if they can't manage to yield that 2%. I'm really shocked about this.

0

03.02.2022

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So in reality yields are around 0%, whilst they are

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