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    WEIR011258 SuperCrypto 3 Online Report 010621

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    Bill
    Yearn.finance (YFI) is a decentralized finance platform that automatically manages funds across various DeFi platforms to provide high yields for investors. It has generated returns that are 29 times greater than Bitcoin since its launch earlier this year. YFI shot up from $800 to $40,000 in two months before correcting, and recent mergers and continued development are positioning it for further growth. A key advantage is its fixed supply of 30,000 coins, amplifying the impact of buying pressure on price.

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    WEIR011258 SuperCrypto 3 Online Report 010621

    Uploaded by

    Bill
    304 views5 pages
    Yearn.finance (YFI) is a decentralized finance platform that automatically manages funds across various DeFi platforms to provide high yields for investors. It has generated returns that are 29 times greater than Bitcoin since its launch earlier this year. YFI shot up from $800 to $40,000 in two months before correcting, and recent mergers and continued development are positioning it for further growth. A key advantage is its fixed supply of 30,000 coins, amplifying the impact of buying pressure on price.

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    WEIR011258-SuperCrypto-3-online-report-010621

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    Yearn.finance (YFI) is a decentralized finance platform that automatically manages funds across various DeFi platforms to provide high yields for investors. It has generated returns that are 29 times greater than Bitcoin since its launch earlier this year. YFI shot up from $800 to $40,000 in two months before correcting, and recent mergers and continued development are positioning it for further growth. A key advantage is its fixed supply of 30,000 coins, amplifying the impact of buying pressure on price.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    304 views5 pages

    WEIR011258 SuperCrypto 3 Online Report 010621

    Uploaded by

    Bill
    Yearn.finance (YFI) is a decentralized finance platform that automatically manages funds across various DeFi platforms to provide high yields for investors. It has generated returns that are 29 times greater than Bitcoin since its launch earlier this year. YFI shot up from $800 to $40,000 in two months before correcting, and recent mergers and continued development are positioning it for further growth. A key advantage is its fixed supply of 30,000 coins, amplifying the impact of buying pressure on price.

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    Download as pdf or txt
    of 5

    SUPERCRYPTO No.

    3:
    DeFi Leader Making
    Investors 29 Times More
    Than Bitcoin

    WEIR011258
    This super-crypto is the fastest-growing asset in the new world of
    decentralized finance. Why? Because it provides the highest safe
    yields in the world today.
    Some say it’s like a virtual bank. Others say it’s a digital hedge fund.
    But no matter what you call it, the yields it pays many times what you
    can get on any bank CD.

    Actually, YFI
    Name: Yearn.finance
    outperforms Bitcoin 32-to-1
    Trading symbol: YFI
    Logo:

    Website: yearn.finance
    Inventor: Andre Cronje
    Market Cap: $846,239,130

    Circulating supply: 30,000


    Exchanges you can Coinbase
    buy Yearn.finance on: Binance

    Suggested digital Exodus


    wallets to store Trust Wallet
    your coins in:

    Daily percentage change in Bitcoin and YFI


    since YFI was launched. Click to enlarge.
    Source: coingecko.com

    The first DeFi apps dealt with lending and borrowing on the blockchain. Then came smart-
    contracts to trade just about any asset under the sun — fast, efficiently and without
    middlemen.

    Earlier this year, crypto developers building on these innovations, came up with smart-contract
    code that automatically handles borrowing, lending, arbitrage and trading.

    Right now, there are dozens of DeFi platforms running on the Ethereum blockchain — each
    offering differing and constantly fluctuating lending and borrowing rates. In this, YFI inventor
    Andre Cronje saw an opportunity to create a crypto version of Wall Street’s high-frequency
    trading.

    WEIR011258
    He wrote smart-contracts that allocate and re-allocate client funds every few seconds among
    the very highest yielding DeFi platforms (yield farming). And at the same time, allocate capital
    among liquidity pools, earning swap fees and mining rewards (liquidity mining).

    Profits Generated by These


    Strategies Are Substantial
    And they are remitted back to clients every few seconds! Clients can also withdraw their funds
    at any time. Plus, the entire process of how funds are managed is fully transparent. And subject
    to audit in real time.

    How do YFI coin-holders benefit? They get a healthy cut of the profits and withdrawal fees. That
    makes owning YFI like owning dividend-paying shares in this automated hedge fund.

    This was hugely popular among investors. They piled on in such numbers ... that YFI (the native
    token of Yearn.finance) went absolutely ballistic. In just two months, YFI shot up from $800 to
    $40,000.

    But then the September crypto correction appeared, and brought it back down to earth with a
    thud. YFI finally bottomed in early November (near $8,000). And now it’s going right back up
    again.

    Last week, Yearn.finance conducted three key mergers with three other DeFi platforms:

    • Cream Finance: A yield farming platform. This should boost the total crypto assets locked
    (TVL) on Yearn.finance’s platform. And more assets under management means more
    profits for YFI holders.

    • Cover Protocol: An insurance provider which will expand the range of financial products
    Yearn.finance to include smart contract insurance.

    • Sushiswap: A Uniswap clone, which will allow Yearn.finance to function as a


    decentralized exchange (DEX). This is particularly significant, because DEXes are the very
    bedrock of DeFi.

    Yearn continues to develop at breakneck speed. And price should continue to reflect this, going
    forward.

    WEIR011258
    Another Reason We’re Bullish:
    the YFI Coin Supply Is Fixed at 30,000!
    Bitcoin, for instance, has a circulating supply of 18.5 million. Ethereum has 113 million coins in
    circulation. A lot of cryptos have no hard ceiling at all on the number of coins that can be
    created.

    By contrast, YFI has by far the smallest number of coins available to trade of any of the cryptos
    we recommend. This has a big impact, because it greatly amplifies the bullish impact of even
    modest buying pressure.

    How To Buy Yearn.finance (YFI)


    You can buy Yearn.finance directly via a cryptocurrency exchange such as Coinbase or global
    crypto exchange giant Binance.

    Of course, you have to first open an account and fund it, much like stock brokerage account.
    However, this can usually be done online in less than an hour.

    (See the Weiss Cryptocurrency Quick-Start Guide for Newcomers for specific instructions on
    how to open and operate a crypto exchange account.)

    Advantages include low trading commissions, generally low bid-ask spreads, and no limits on
    the size of trades. And if you forget your password, there's a procedure to recover it.

    Drawbacks include occasional poor customer service. Also, crypto exchange accounts have
    been hacked in the past. The two mentioned above are among the most established and
    trusted in the industry. So, this risk is very small. But it is not zero.

    To be totally safe, store you newly-purchased crypto in a digital wallet (such as Exodus or Trust
    Wallet), and lock your private keys up in a safe.

    Weiss Ratings, publisher of Weiss Crypto Investor and Weiss Crypto Alert, accepts no
    compensation whatsoever for steering readers to any fund sponsor, crypto exchange, website
    or app developer, digital wallet, or any other vendor mentioned in this report. This
    information is provided purely for educational purposes, and not as individual investment
    advice.

    WEIR011258

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