How $YFI Works (Explainer Video)

Start Here Resources & How-To's
1

Hey fellow farmers,

I made a little video explaining how $YFI works. Would love your input and further suggestions :slight_smile:

38 Likes
2

Thank you for sharing this video. Very helpful and demystifying for noobs like me! Also, I am a visual learner, so your doodling and notes were just what I needed. Appreciate you sir!

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3

Fantastic breakdown.

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4

Thank you for making this. I was trying to explain $YFI to a friend and sending him this video will definitely help :smiley:

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5

What is this drawing tool, which you are using?

6

Thanks for the comprehensive explanation video. One thing it’s not covered is the relationship of FYI with Balancer pool. I was wondering how they fit together.

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7

I honestly understood this video better after I learned how Curve works through your earlier video, great work on both! https://www.youtube.com/watch?v=1SN7zKlb5pk

4 Likes
8

this was a great video. easy to follow. can you please do a second part where we go step by step on how to deposit and stake.
Is it me or right now stake is disable?

2 Likes
9

Dear valued reader,

Could someone please explain a concept for me. What is the difference between depositing USDc in the EARN vs. Vault tab at the [yearn.fi] site.

Also, what is the difference between the APY seen on [curve.fi] vs the interest seen on the the EARN tab at [yearn,fi]

I would really appreciate if a kind soul could answer these questions, alternatively point me in the direction of information.

3 Likes
10

there are two great new videos highly recommended:

  1. Defi Dad
    https://youtu.be/yP-4pJpKbRU

  2. The second part from Defi’s Bitcoin
    https://youtu.be/Kuz7Tg57XbE

2 Likes
11

appreciate the video

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12

Truly helpful and insightful for those embarking on their YFI journey - highly recommend and hope the views pour in! Cheers

13

Great video for a beginner. Thank you for this content. Is there a more recent video since Yearn.fi evolved?

14

Great video that describes the money flow and highlights the risks. I think any new users of the protocol will be happy to get a visualization of how new vaults work, and especially from where the tokens come from.

15

Thanks! Happy to make an updated one if there’s interest?