9) is a cool example of "company that is high upside and executing well on the plan even if you ignore crypto, also they're backed by a token".
Generally "token with revenue" > "token without revenue", all else equal!
Conversation
10) alright I'm confused by $YFI. On the one hand, I think people don't realize that while it itself isn't yield farming, it's revenue comes from yield farming, so it's still really tied to it. So it crashes with farming.
On the other hand, is a baller.
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11) and in particular, keeps building, so though I'm bearish on YFI as it exists right now, YFI might become something much more powerful over time.
IDK, YFI seems much more like a bet on then a bet on to me.
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12) to be clear I would short sell the shit out of those models attempting to directly project TVL/earnings/etc. of YFI as it exists today.
But like I feel a lot less good shorting 's building. Lots have done that. Few have won to it.
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Honestly I test crypto apps for a living and they struck me as rly unprofessional!
Bad onboarding, no customer support channel worked etc.
To the point where I thought it was a scam.
The hype around this project makes 0 sense to me
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my guess is that their main model is not people buying directly from them, it's acting as a go-between for e.g. exchanges