Extreme risk. https://yearn.finance/vaults allows you to deposit ETH or WETH and earn big yield on your Ethereum. Yearn Finance uses smart contracts to aggregate interest from other protocols and automatically compounds interest back for you back into ETH.
yETH uses Makerdao to take a loan against Ethereum and uses that loan to generate yield for ETH.
Risks here are that you are using a smart contract that utilizes other smart contracts and you are using a debt based yield. If the underlying smart contracts have a critical vulnerability that gets exploited, you could lose your collateral. And if the price of ETH drops by about 30-40% below the liquidation level, the vault has 1 hour time to pay back debt, which could mean losing gains and you could even lose some ETH in the process.
It's still very bullish for here, that's why I bought a lot of ETH.
Buy Ethereum here:
Binance (-10%): https://accounts.binance.com/en/register?ref=AID4MF3J [AID4MF3J]
Kucoin (-10%): https://www.kucoin.com/ucenter/signup?rcode=27hcPMM [27hcPMM]
BitMax: https://bitmax.io/#/register?inviteCode=HTUVSFCZ [HTUVSFCZ]
⚡️ Use referral code [ 6xy9cpcjy4 ] to get $50 instantly if you stake 1000 CRO or more and get a metal crypto.com debit card. Use the same code on their Exchange to get another $50 when you stake 5000 CRO or more for a total of $100 bonus.
????Earn interest on your cryptos with Celsius Network. Get $20 in BTC when you deposit $200 or more in crypto as your first deposit and hold it for 30 days (must use link):
https://celsiusnetwork.app.link/1596474625 (referral code: 1596474625)
#ETH #yETH #YFI
#crypto #cryptocurrency #minmax #denome #trading #investing #bitcoin #blockchain #ethereum #btc #eth #yield #yieldfarming #defi #staking #makerdao #MKR
????Keep your crypto safe with Ledger hardware wallet:
https://shop.ledger.com/?r=5000de9c47bd
Donations:
BTC: 1DtjrwJysNT81bmrkrJNYBpEUQgPHPaj1v
ETH: 0xE1D7D8D7F35d7Cf0a45B5829627e1fF321CeFFDe
CRO: 0x5E810c7f0065f6295aDAbF3203922f77B14EE099
????Download Brave Chrome-based browser to browse faster, safer, and get paid daily just by seeing ads on The Internet:
https://brave.com/den079
❤️Subscribe if you want to keep up to date and learn more about crypto, investing, passive investing strategies, trading, and more.
Join our Telegram group and chat with other min-maxers:
➡️https://t.me/denome_welcome
yETH uses Makerdao to take a loan against Ethereum and uses that loan to generate yield for ETH.
Risks here are that you are using a smart contract that utilizes other smart contracts and you are using a debt based yield. If the underlying smart contracts have a critical vulnerability that gets exploited, you could lose your collateral. And if the price of ETH drops by about 30-40% below the liquidation level, the vault has 1 hour time to pay back debt, which could mean losing gains and you could even lose some ETH in the process.
It's still very bullish for here, that's why I bought a lot of ETH.
Buy Ethereum here:
Binance (-10%): https://accounts.binance.com/en/register?ref=AID4MF3J [AID4MF3J]
Kucoin (-10%): https://www.kucoin.com/ucenter/signup?rcode=27hcPMM [27hcPMM]
BitMax: https://bitmax.io/#/register?inviteCode=HTUVSFCZ [HTUVSFCZ]
⚡️ Use referral code [ 6xy9cpcjy4 ] to get $50 instantly if you stake 1000 CRO or more and get a metal crypto.com debit card. Use the same code on their Exchange to get another $50 when you stake 5000 CRO or more for a total of $100 bonus.
????Earn interest on your cryptos with Celsius Network. Get $20 in BTC when you deposit $200 or more in crypto as your first deposit and hold it for 30 days (must use link):
https://celsiusnetwork.app.link/1596474625 (referral code: 1596474625)
#ETH #yETH #YFI
#crypto #cryptocurrency #minmax #denome #trading #investing #bitcoin #blockchain #ethereum #btc #eth #yield #yieldfarming #defi #staking #makerdao #MKR
????Keep your crypto safe with Ledger hardware wallet:
https://shop.ledger.com/?r=5000de9c47bd
Donations:
BTC: 1DtjrwJysNT81bmrkrJNYBpEUQgPHPaj1v
ETH: 0xE1D7D8D7F35d7Cf0a45B5829627e1fF321CeFFDe
CRO: 0x5E810c7f0065f6295aDAbF3203922f77B14EE099
????Download Brave Chrome-based browser to browse faster, safer, and get paid daily just by seeing ads on The Internet:
https://brave.com/den079
❤️Subscribe if you want to keep up to date and learn more about crypto, investing, passive investing strategies, trading, and more.
Join our Telegram group and chat with other min-maxers:
➡️https://t.me/denome_welcome
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