| Co-Founder 
| Advisor 
| Investor 
| 
What is this sorcery you speak of?
The @iearnfinance yETH vault is an ETH stacking beast 
How it works:
Put ETH into yWETH vault > ETH is put in @MakerDAO at 200% collat > draw DAI > put DAI into @CurveFinance to farm CRV > recycle it all into ETH.
ETH sell side liquidity crisis incoming.
Few understand.
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Ce Tweet est indisponible.
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Few really understand. Wow.
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This is crazy, honestly. I love it.
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The important thing to ask is how soon new yield farms will require yETH instead of ETH
Merci. Twitter en tiendra compte pour améliorer votre fil. SupprimerSupprimer
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Limiting factor here is Maker and their governors. How much DAI do you think they will allow Yearn to mint with this vault? 500 million? 1 billion?
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Probably a lot of it helps to flood the market with DAI :)
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genuine q. What happens in instance of 'flash crash' (or an crash/ lge adverse move) and decrease collat value <150% ?
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This strategy uses MakerDAOs OSM (oracle security module) which means that there is a 1-hour buffer on ETHs oracle price. For example, if ETH falls to $200, the vault has 1 hour to pay back the debt at the old oracle rate (say, $470) before the oracle updates to $200.
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What does this mean for
$ETH price? -
sell liquidity crisis, moon.
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Le chargement semble prendre du temps.
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