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yearn.finance (YFI) yearn.finance (YFI)
Blessedape-

Just wondering what the actual utility of the yfi token

is? Do we get paid via fees the protocol makes?

#cryptocurrency #english #yfi
0

4 ответов

16 просмотров
Dark-Ghosty

veYFI lets you lockup YFI in return for bought back YFI from protocol fees We think of Yearn Vaults as giving the best risk-adjusted yield in defi yes. Not sure what you mean by lending or borrowing here.

0
08.11.2022
Blessedape- Автор вопроса
Dark Ghosty
veYFI lets you lockup YFI in return for bought bac...

Amazing. So effectively....we lock up yfi...the fees made from the protocol will buy free yfi left and paid to stakers? And if we continue to stake we effectively are drying up the supply without any inflation...if we sell our rewards as long as the protocol continues to generate fees that will be bought up too ?

0
08.11.2022
Dark-Ghosty

Yep

0
08.11.2022
Blessedape- Автор вопроса
Dark Ghosty
Yep

💙🙏🏼

0
08.11.2022

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