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The y-pool on Curve has gone crazy again
and it's because of $YFI ( https://coingecko.com/en/coins/yearn-finance), which is the governance token of http://yearn.finance . Here's a guide on how to farm it!
and it's because of $YFI ( https://coingecko.com/en/coins/yearn-finance), which is the governance token of http://yearn.finance . Here's a guide on how to farm it!
There's 3 pools to farm $YFI:
yearn - needs y-curve tokens, gets $YFI
balancer - needs $YFI and DAI, gets $YFI and $BAL
Governance - needs $YFI and y-curve, gets $YFI, $BAL, $CRV
Read more here https://medium.com/@andre_54855/pool-3-meta-yield-governance-58f68e6d2f19
yearn - needs y-curve tokens, gets $YFI
balancer - needs $YFI and DAI, gets $YFI and $BAL
Governance - needs $YFI and y-curve, gets $YFI, $BAL, $CRV
Read more here https://medium.com/@andre_54855/pool-3-meta-yield-governance-58f68e6d2f19
Step 1 : Getting y-curve tokens
Go to https://www.curve.fi/iearn/deposit
Input the amount and choose deposit and stake. Confirm all transactions
Tip : do it before Asian waking hours for cheaper gas fees
Go to https://www.curve.fi/iearn/deposit
Input the amount and choose deposit and stake. Confirm all transactions
Tip : do it before Asian waking hours for cheaper gas fees
Step 2 : After deposit and stake go to https://ygov.finance/stake , connect your wallet and click on stake and then yearn. By right it should show you a 0 for your balance (mine shows 116.02) and an amount for your currently staked (0.81)
After a while, you can claim rewards : $YFI
After a while, you can claim rewards : $YFI
Step 3 : After getting $YFI (buy 
from balancer using DAI/y-curve tokens /farm
)
Check https://yieldfarming.info/ to see which pool gives you the better APY, right now pool 2 gives you the most APY.
So how do I farm pool 2?
from balancer using DAI/y-curve tokens /farm)Check https://yieldfarming.info/ to see which pool gives you the better APY, right now pool 2 gives you the most APY.
So how do I farm pool 2?
Pool 2 is a 98% $DAI/2% $YFI pool. To see how much $DAI/ $YFI you need, first go to https://pools.balancer.exchange/#/pool/0x60626db611a9957C1ae4Ac5b7eDE69e24A3B76c5
Click Add liquidity, and input the amount under deposit amount (don't use Max), unlock the token (2 txns) and add liquidity (1 txn)
You'll get $BPT from this.
Click Add liquidity, and input the amount under deposit amount (don't use Max), unlock the token (2 txns) and add liquidity (1 txn)
You'll get $BPT from this.
With your $BPT go back to https://ygov.finance/stake , choose the Balancer pool and stake your tokens. After successful, your currently staked amount will update. After a while you'll get $YFI to claim, you can sell this or stake it (later)
But what if you want $CRV tokens too? Then you need to farm using pool 3: Governance. (98% y-curve (refer step 1), 2% $YFI)
Go to https://pools.balancer.exchange/#/pool/0x95C4B6C7CfF608c0CA048df8b81a484aA377172B, unlock tokens and add liquidity, get BPT in exchange
Note : $CRV isn't out yet.
Go to https://pools.balancer.exchange/#/pool/0x95C4B6C7CfF608c0CA048df8b81a484aA377172B, unlock tokens and add liquidity, get BPT in exchange
Note : $CRV isn't out yet.
After getting the BPT from this, go back to https://ygov.finance/staking and select Governance. Stake your BPT and your currently staked will update, you can then earn $YFI and $CRV and $BAL!
Note : BPT for this pool and pool 2 are different. Make sure it's the right pool.
Note : BPT for this pool and pool 2 are different. Make sure it's the right pool.
Is that all? Kinda yes, you can just claim your $YFI and enjoy financial freedom but what if you want to do more?
What if you want the platform to be better?
Go to https://ygov.finance/ choose vote and you can see all the proposals here, read more on https://gov.yearn.finance/
What if you want the platform to be better?
Go to https://ygov.finance/ choose vote and you can see all the proposals here, read more on https://gov.yearn.finance/
If you like or don't like a proposal, you can just click Vote For or Vote Against.
Note : Voting will lock your tokens in the Governance pool around ~3 days until vote ends.
But wait why the heck would I lock my tokens??
Note : Voting will lock your tokens in the Governance pool around ~3 days until vote ends.
But wait why the heck would I lock my tokens??
Well for rewards duh
After voting, go back to https://ygov.finance/stake and choose fee rewards, you can then stake your y-gov tokens (that you get from Pool 3) and earn more rewards (system fees) ~$54,288 USD over next ~7 days
And that's it.
After voting, go back to https://ygov.finance/stake and choose fee rewards, you can then stake your y-gov tokens (that you get from Pool 3) and earn more rewards (system fees) ~$54,288 USD over next ~7 days
And that's it.
Note : this is not financial advice, please only put in the funds you are willing to use. If you feel this is sketchy, you can always not use the platform, I'm just writing a guide, there's risks so DYOR. Anyways to those that want to do this, enjoy your yield :D #freealpha
Here's a good read on $YFI by @Cooopahtroopa @DeFiRate https://defirate.com/yfi-governance-token/
Useful links:
https://yearn.finance/
https://www.coingecko.com/en/coins/yearn-finance
$YFI Etherscan https://etherscan.io/token/0x0bc529c00c6401aef6d220be8c6ea1667f6ad93e
Y-curve Etherscan
https://etherscan.io/token/0xdf5e0e81dff6faf3a7e52ba697820c5e32d806a8
Balancer https://balancer.exchange/#/swap/0x0bc529c00c6401aef6d220be8c6ea1667f6ad93e
Useful links:
https://yearn.finance/
https://www.coingecko.com/en/coins/yearn-finance
$YFI Etherscan https://etherscan.io/token/0x0bc529c00c6401aef6d220be8c6ea1667f6ad93e
Y-curve Etherscan
https://etherscan.io/token/0xdf5e0e81dff6faf3a7e52ba697820c5e32d806a8
Balancer https://balancer.exchange/#/swap/0x0bc529c00c6401aef6d220be8c6ea1667f6ad93e
