Hello Defiers! This was a week heavy with torque, and some downright zaniness. In the markets we watched with mouths agape as Iron Finance went into freefall. The popular yield farmer, championed by the likes of Mark Cuban, had been boasting a TVL of $3B — yeah, you read that right — when suddenly, on Thursday, it crashed hard. Our yyctrader was there every step of the way chronicling the ape frenzy so read the report to get the blow-by-blow.
Hi - my name is Tom Logue and subscribing to The Defiant has been some of the best money i've ever spent. I'm pretty sure this isn't the best place to ask my question but I haven't been able to find anyone to provide an answer. With that being said, my question is about the yveCRV vault on yearn finance. If I deposit 150 CRV today (7/7) into the yveCRV vault I receive 150 yveCRV however CRV's current price is 2.05 and yveCRV's is 1.49 (according to Sushiswap). That conversion there a lot creates a permanent loss of capital, correct? What am I missing here and why would anyone ever convert their CRV to yveCRV?
Hi - my name is Tom Logue and subscribing to The Defiant has been some of the best money i've ever spent. I'm pretty sure this isn't the best place to ask my question but I haven't been able to find anyone to provide an answer. With that being said, my question is about the yveCRV vault on yearn finance. If I deposit 150 CRV today (7/7) into the yveCRV vault I receive 150 yveCRV however CRV's current price is 2.05 and yveCRV's is 1.49 (according to Sushiswap). That conversion there a lot creates a permanent loss of capital, correct? What am I missing here and why would anyone ever convert their CRV to yveCRV?