I like that you give the risks in the end. This is not something you go all in. But pretty cool to experiment on what Crypto has become. Satoshi would be SHOCKED!
@@BitcoinMotorist Satoshi was clear that what he made was an experiment but he was hopeful. His code had bugs and was unnecessarily heavy. It would be hypocritical if he were to disapprove of DeFi
the APY is incorrect though right? It is mixing appreciation of the CRV tokens price with rewards earned on staking your stablecoin? When CRV goes down in price it would mean your APY was negative. Or am I missing something?
Great vid! Can you help explain how there can be additional yield on depositing yCrv at Yearn? How do they generate any return on a pool of yCrv? They must be accruing additional yCrv. Is anyone borrowing yCrv? Or do they actively manage the yCrv by redeeming it at Curve and re-allocating the assets? If so, who controls those keys? Thank you
I have a question, stable coins went into curve pool right, for that you get the yDai yusdc usdt ytusd, those earn rewards too right, even if you stake the crv? So do you expose your stables to volatility? During this process?
Can you do an updated video of this? Considering how quick crypto is moving I am sure strategies have changed in 6 months. If you could also provide a profit and how many days it took please
hope u post tx id of what you did too. for everyone can check actual gas used to estimate their tx. btw thank you for your video I must more understand how to do it properly now(i think?)
Awsome video. But Im kind confused. Ive been providing liquidity to the YCurve pool, I can see the Unlocked and Locked CRV on Zapper.fi but when I go to curve.fi>DAO>Minter it says that I dont have any Curve pool LP tokens, and when I scroll down to Y Liquidity gauge there is 0 y LP token balance as well. What am I missing here? Could someone help? thanks a lot
Have got the same issue, no yCRV tokens in Curve DAO Minter, but Ethplorer shows them. Went into the pool with Zapper too, maybe that is the reason? The answer below relates to the CRV tokens. Them I can see in Vesting, but under Curve DAO Minter I cannot stake my yCRV tokens. Or does Zapper do the staking automatically ? But also I do not see the withdraw option as in the video... Anybody an idea? hm, found, that I made a transaction of my crvPlain3andSUSD tokens, that I got to the Adress: 0xdcb6a51ea3ca5d3fd898fd6564757c7aaec3ca92, is that the staking?
crvPlain3andSUSD are from putting funds into Curve's sUSD pool: (explorer.bitquery.io/ethereum/token/0xc25a3a3b969415c80451098fa907ec722572917f). If you had yCRV, maybe you staked them elsewhere? I can only think of Yearn's yVault.
Never buy curve (crv). The dumping is serious. I don't know who's dumping, but whenever the price goes up, someone takes the dumping seriously. Never buy even if the trend is likely to go up. This coin is definitely a scam. To protect your money, never buy this coin. Rather, buy another coin. Not really crv. If you buy crv, you'll really regret it.
And how is this not a house of cards? I remember the CDOs of 2008 housing crisis and this .... walk like a duck, quacks like a duck...but not sure if it really is a Duck!
@@themeadowshadows You ser, are high on Hopium. If a base asset like DAI ever failed. All the 15 storeys of DeFi built on it come crumbling down. Case in point: what happened to $COVER and it's impact on Yearn
![Summer Walker - Heart Of A Woman [Official Lyric Video]](http://i.ytimg.com/vi/SFddctbZzw8/mqdefault.jpg)
can we get an update? What did you make on your 300 Dai investment? How many days did you leave it in for?
Who else here remembers when gas prices were so low? Wow, watching this Sept. 3rd of 2020 today, it's really interesting to look back and reflect.
I like that you give the risks in the end. This is not something you go all in. But pretty cool to experiment on what Crypto has become.
Satoshi would be SHOCKED!
Satoshi wouldn’t have time to explain to you how stupid this was
@@BitcoinMotorist Satoshi was clear that what he made was an experiment but he was hopeful. His code had bugs and was unnecessarily heavy. It would be hypocritical if he were to disapprove of DeFi
the APY is incorrect though right? It is mixing appreciation of the CRV tokens price with rewards earned on staking your stablecoin? When CRV goes down in price it would mean your APY was negative. Or am I missing something?
How much % of your portfolio Will u put ti curve or others LP?????🤔🤔 Because of the risk
24 seconds worth of splash screens.
This is like watching a dvd 😛
Great vid!
Can you help explain how there can be additional yield on depositing yCrv at Yearn? How do they generate any return on a pool of yCrv? They must be accruing additional yCrv. Is anyone borrowing yCrv? Or do they actively manage the yCrv by redeeming it at Curve and re-allocating the assets? If so, who controls those keys? Thank you
I have a question, stable coins went into curve pool right, for that you get the yDai yusdc usdt ytusd, those earn rewards too right, even if you stake the crv?
So do you expose your stables to volatility? During this process?
I’m staking crv now . Will I be able to redirect ecrv for a pool?
Is the only way to earn CRV by staking your LP tokens?
As in I won’t earn any CRV if I just provide liquidity and don’t stake?
great note on what the word gauge means: just a word they use to describe where one can stake the LP tokens
Can you do an updated video of this? Considering how quick crypto is moving I am sure strategies have changed in 6 months. If you could also provide a profit and how many days it took please
The crv amount in the minter is also including the rewards from locking crv into veCrv ? Or i can withdraw it somewhere else in the page ?
Does this also make you earn the COMP token whenever yearn chooses Compound for highest interest?
hope u post tx id of what you did too. for everyone can check actual gas used to estimate their tx. btw thank you for your video I must more understand how to do it properly now(i think?)
Hi, splendid video again. Thanks! Could you please add a video on "Voting power in DAO", which is missing from this video?
Can you Earn the Curve token by providing liquidity with SNX?
is it no longer possible to farm yfi? only crv?
Seriously, this stuff is not for weak hearts.
where to get YLP token? uniswap & what is transaction cost to swap? so multiple transactions FEES😩😩
As shown by staking or there are options listed here: www.coingecko.com/en/coins/lp-ycurve#markets
Here is a good option: twitter.com/DeFi_Dad/status/1295826485446680580
Awsome video. But Im kind confused. Ive been providing liquidity to the YCurve pool, I can see the Unlocked and Locked CRV on Zapper.fi but when I go to curve.fi>DAO>Minter it says that I dont have any Curve pool LP tokens, and when I scroll down to Y Liquidity gauge there is 0 y LP token balance as well. What am I missing here? Could someone help? thanks a lot
You have pre-release tokens, which are vested. You'd find those under DAO -> Vesting. dao.curve.fi/minter/vesting
Have got the same issue, no yCRV tokens in Curve DAO Minter, but Ethplorer shows them. Went into the pool with Zapper too, maybe that is the reason? The answer below relates to the CRV tokens. Them I can see in Vesting, but under Curve DAO Minter I cannot stake my yCRV tokens. Or does Zapper do the staking automatically ? But also I do not see the withdraw option as in the video... Anybody an idea? hm, found, that I made a transaction of my crvPlain3andSUSD tokens, that I got to the Adress: 0xdcb6a51ea3ca5d3fd898fd6564757c7aaec3ca92, is that the staking?
crvPlain3andSUSD are from putting funds into Curve's sUSD pool: (explorer.bitquery.io/ethereum/token/0xc25a3a3b969415c80451098fa907ec722572917f). If you had yCRV, maybe you staked them elsewhere? I can only think of Yearn's yVault.
Still learning but brilliant explanation. Will probably watch it a few times as its quite intense and so much to do. Top marks
And thanks for all those sites you showed. Big help there
Indeed. This was amazingly difficult to understand 😅
Great video, much appreciated. keep up the good work.
Whats the CRV etherscan? I can't seem to find it.
As shown: etherscan.io/address/0xD533a949740bb3306d119CC777fa900bA034cd52
I really see big future of Defi if gas prices go down. ETH 2.0 better come in handy!
I just bought a crv for 4 dollars, what do you think?
I'm waiting for 2$ price! If then, I'll be in!
@@fxebook so you wait a long time
@@ngoccha7605 Yes; I have no pressure to buy it.
Is still too early to start doing this as a retail with small amounts of tokens
Damn this is a great video.
Thank you Bankless
Could you stake these Curve y LP tokens in Yearn's yVault?
all of asudden when u put it into the vault the apy goes to like 95% lol
so much gas spending $$ .. is it even worth it?
Never buy curve (crv). The dumping is serious. I don't know who's dumping, but whenever the price goes up, someone takes the dumping seriously. Never buy even if the trend is likely to go up. This coin is definitely a scam. To protect your money, never buy this coin. Rather, buy another coin. Not really crv. If you buy crv, you'll really regret it.
Thank you
the biggest investor in crypto history will buy up crv coin in the near future, this is a sign of good news for hodler crv coin, thanks.
Nice
What a headache
And how is this not a house of cards? I remember the CDOs of 2008 housing crisis and this .... walk like a duck, quacks like a duck...but not sure if it really is a Duck!
I know this is 4 months later but this is nothing at all like the housing crisis. You sir are ignorant
@@themeadowshadows You ser, are high on Hopium. If a base asset like DAI ever failed. All the 15 storeys of DeFi built on it come crumbling down.
Case in point: what happened to $COVER and it's impact on Yearn
Don't worry Cardano is going to swoop in and save the day or at least all that gas for something else.