Yearn is about to launch a yETH yVault. The yVault is going to use $ETH as collateral and mint DAI to yield farm. Anyone that has been doing degen yield farming knows the ETH deposit contracts almost always have the most $ locked. @iearnfinance TVL is about to skyrocket.
— DeFiGod (@DeFiGod1) August 23, 2020
I'm long both and I'm fucking excited.
— 👨🌾Farmer Bluntz👨🌾 (@SmartContracter) August 31, 2020
It's quite clear there's a supply-side liquidity crisis forming here. yETH and Phase 0 will compound this. pic.twitter.com/2qlQwRLjMu
— 0xNick (@0xEther) August 28, 2020
The yETH vault from @iearnfinance is going to be a black hole for ETH.
That is, once ETH goes in, it is going to be very hard for it to come out.
Now think about what this does to the price of ETH.
— Anthony Sassano | sassal.eth 👨🌾 🏴 (@sassal0x) August 31, 2020
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.