# I am pretty confident we are the new wealthy elite, gentlemen **URL:** \ **Category:** Yield Farming Inception\ **Created:** [29 July 2020 15:33 UTC](https://gov.yearn.fi/t/i-am-pretty-confident-we-are-the-new-wealthy-elite-gentlemen/1379 "2020-07-29T15:33:37Z")\ **Posts on this page:** 20\ **Page:** 2
**Author:** ![jakingsley](https://avatars.discourse-cdn.com/v4/letter/j/db5fbb/32.png) [@jakingsley](https://gov.yearn.fi/u/jakingsley)\ **Post date:** [20 August 2020 22:58 UTC](https://gov.yearn.fi/t/i-am-pretty-confident-we-are-the-new-wealthy-elite-gentlemen/1379/24 "2020-08-20T22:58:53Z")
YFI EOY? would love some educated guesses ---
**Author:** ![karandinho](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.yearn.fi/karandinho/32/796_2.png) [@karandinho](https://gov.yearn.fi/u/karandinho)\ **Post date:** [21 August 2020 07:26 UTC](https://gov.yearn.fi/t/i-am-pretty-confident-we-are-the-new-wealthy-elite-gentlemen/1379/25 "2020-08-21T07:26:05Z")
Hello everyone, glad to meet all of you. We are one of the early fews here. Would love to know more about on how i can earn passive / rewards by holding certain coins. If someone would be kind enough to share some light on me please. ---
**Author:** ![SuttonBrothers](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.yearn.fi/suttonbrothers/32/1586_2.png) [@SuttonBrothers](https://gov.yearn.fi/u/SuttonBrothers)\ **Post date:** [22 August 2020 12:57 UTC](https://gov.yearn.fi/t/i-am-pretty-confident-we-are-the-new-wealthy-elite-gentlemen/1379/26 "2020-08-22T12:57:47Z")
Few understand… The future is bright for those who can see order within chaos. ---
**Author:** ![Starboard\_Coins](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.yearn.fi/starboard_coins/32/278_2.png) [@Starboard\_Coins](https://gov.yearn.fi/u/Starboard_Coins)\ **Post date:** [26 August 2020 13:26 UTC](https://gov.yearn.fi/t/i-am-pretty-confident-we-are-the-new-wealthy-elite-gentlemen/1379/27 "2020-08-26T13:26:08Z")
It depends on which tokens you would like to farm with. Here are the stats on the yearn vaults: [https://py-earn.herokuapp.com/](https://py-earn.herokuapp.com/) The vaults are managed by the code. The Ethereum network gas fees are lower because they are shared by everyone in the vault. The vaults have 0.5% withdrawal fees. If you have BTC, you could convert it to an ERC20 token and farm CRV in the Curve sBTC pool. Or you could farm BAL on Balancer with many different tokens: [http://www.predictions.exchange/balancer/None](http://www.predictions.exchange/balancer/None) ---
**Author:** ![Starboard\_Coins](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.yearn.fi/starboard_coins/32/278_2.png) [@Starboard\_Coins](https://gov.yearn.fi/u/Starboard_Coins)\ **Post date:** [28 August 2020 13:23 UTC](https://gov.yearn.fi/t/i-am-pretty-confident-we-are-the-new-wealthy-elite-gentlemen/1379/28 "2020-08-28T13:23:25Z")
If we value YFI based on the TVL, it should be about the same as SNX: > **[DeFi Pulse](https://www.defipulse.com/)** > > Your source for following the DeFi stories of the moment. DeFi Pulse is real-time, blunt, and everything you need to stay in the know. SNX has a fully diluted marketcap of $1.34B $1.34B / 30k YFI = $45k per YFI If we value based on the current revenue, YFI would be the #1 governance token above CRV. CRV has a fully diluted marketcap of $4.7B $4.7B / 30k YFI = $157k per YFI ---
**Author:** ![Mario1986](https://avatars.discourse-cdn.com/v4/letter/m/7ba0ec/32.png) [@Mario1986](https://gov.yearn.fi/u/Mario1986)\ **Post date:** [28 August 2020 17:49 UTC](https://gov.yearn.fi/t/i-am-pretty-confident-we-are-the-new-wealthy-elite-gentlemen/1379/29 "2020-08-28T17:49:47Z")
Neat, it’s still undervalued & even now niche between defi mostly due to risk concerns, I personally did heavy digging before getting in and it was a couple of days ago. I would not use dilluted market cap, it’s an overly optimistic approach, would take the PE ratio and apply the price times the average defi ratio to have an approximate figure. ---
**Author:** ![SuttonBrothers](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.yearn.fi/suttonbrothers/32/1586_2.png) [@SuttonBrothers](https://gov.yearn.fi/u/SuttonBrothers)\ **Post date:** [29 August 2020 11:16 UTC](https://gov.yearn.fi/t/i-am-pretty-confident-we-are-the-new-wealthy-elite-gentlemen/1379/30 "2020-08-29T11:16:38Z")
I think once it brakes bitcoin ath it’s going to be pure madness, we’re going straight to Tokyo with blue Kirby xd ---
**Author:** ![Lisab](https://avatars.discourse-cdn.com/v4/letter/l/838e76/32.png) [@Lisab](https://gov.yearn.fi/u/Lisab)\ **Post date:** [29 August 2020 17:40 UTC](https://gov.yearn.fi/t/i-am-pretty-confident-we-are-the-new-wealthy-elite-gentlemen/1379/31 "2020-08-29T17:40:51Z")
how do I earn YFI? if I dont have money to buy? ---
**Author:** ![TKO](https://avatars.discourse-cdn.com/v4/letter/t/c37758/32.png) [@TKO](https://gov.yearn.fi/u/TKO)\ **Post date:** [29 August 2020 23:54 UTC](https://gov.yearn.fi/t/i-am-pretty-confident-we-are-the-new-wealthy-elite-gentlemen/1379/32 "2020-08-29T23:54:26Z")
I’m pretty stoked myself. This is my second best investment next to bitcoin. ---
**Author:** ![Lisab](https://avatars.discourse-cdn.com/v4/letter/l/838e76/32.png) [@Lisab](https://gov.yearn.fi/u/Lisab)\ **Post date:** [30 August 2020 16:23 UTC](https://gov.yearn.fi/t/i-am-pretty-confident-we-are-the-new-wealthy-elite-gentlemen/1379/33 "2020-08-30T16:23:43Z")
yep,how do i not?YFI is been crazy as hell! and I cant afford to buy one! ---
**Author:** ![TKO](https://avatars.discourse-cdn.com/v4/letter/t/c37758/32.png) [@TKO](https://gov.yearn.fi/u/TKO)\ **Post date:** [30 August 2020 19:53 UTC](https://gov.yearn.fi/t/i-am-pretty-confident-we-are-the-new-wealthy-elite-gentlemen/1379/34 "2020-08-30T19:53:12Z")
Just keep buying all you can when you can. You got this. ---
**Author:** ![Gwen.Steveson](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.yearn.fi/gwen.steveson/32/1039_2.png) [@Gwen.Steveson](https://gov.yearn.fi/u/Gwen.Steveson)\ **Post date:** [30 August 2020 20:02 UTC](https://gov.yearn.fi/t/i-am-pretty-confident-we-are-the-new-wealthy-elite-gentlemen/1379/35 "2020-08-30T20:02:32Z")
You can borrow yfi and deposit at aave lend + gas optimizations in v2 ---
**Author:** ![Starboard\_Coins](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.yearn.fi/starboard_coins/32/278_2.png) [@Starboard\_Coins](https://gov.yearn.fi/u/Starboard_Coins)\ **Post date:** [31 August 2020 00:57 UTC](https://gov.yearn.fi/t/i-am-pretty-confident-we-are-the-new-wealthy-elite-gentlemen/1379/36 "2020-08-31T00:57:45Z")
YFI hit $1B overall volume today. #3 highest volume on Binance behind BTC and ETH. It’s entirely possible we’re going all the way up into the top 10. Is anyone else thinking about founding a charity once your YFI hit upwards of $100,000 a pop? ---
**Author:** ![LapisLime](https://avatars.discourse-cdn.com/v4/letter/l/91b2a8/32.png) [@LapisLime](https://gov.yearn.fi/u/LapisLime)\ **Post date:** [31 August 2020 01:04 UTC](https://gov.yearn.fi/t/i-am-pretty-confident-we-are-the-new-wealthy-elite-gentlemen/1379/37 "2020-08-31T01:04:32Z")
> [@Starboard\_Coins](#): > > Is anyone else thinking about founding a charity once your YFI hit upwards of $100,000 a pop? I guess it depends on how many (or what fraction) one has! I would also like to point out that there are some women in these parts, and they may join the gentleman as part of the wealthy elite too. Welcome ladies! ---
**Author:** ![Starboard\_Coins](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.yearn.fi/starboard_coins/32/278_2.png) [@Starboard\_Coins](https://gov.yearn.fi/u/Starboard_Coins)\ **Post date:** [31 August 2020 01:07 UTC](https://gov.yearn.fi/t/i-am-pretty-confident-we-are-the-new-wealthy-elite-gentlemen/1379/39 "2020-08-31T01:07:45Z")
I am pretty confident we are the new wealthy elite, ladies and gentlemen. ---
**Author:** ![Starboard\_Coins](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.yearn.fi/starboard_coins/32/278_2.png) [@Starboard\_Coins](https://gov.yearn.fi/u/Starboard_Coins)\ **Post date:** [4 September 2020 21:49 UTC](https://gov.yearn.fi/t/i-am-pretty-confident-we-are-the-new-wealthy-elite-gentlemen/1379/40 "2020-09-04T21:49:23Z")
Roughly 40x if you bought at $1k during the farming distribution and sold at $40k. That would have been possible with large volume too. All 40x are not created equal. It’s very rare to see one with as much volume/liquidity as YFI. Thanks to Andre and the community for building this legendary crypto project. ---
**Author:** ![tooney](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.yearn.fi/tooney/32/1710_2.png) [@tooney](https://gov.yearn.fi/u/tooney)\ **Post date:** [15 September 2020 12:27 UTC](https://gov.yearn.fi/t/i-am-pretty-confident-we-are-the-new-wealthy-elite-gentlemen/1379/41 "2020-09-15T12:27:46Z")
yes. some friends and I are actually working on a proposal. would you like to join us? ---
**Author:** ![Starboard\_Coins](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.yearn.fi/starboard_coins/32/278_2.png) [@Starboard\_Coins](https://gov.yearn.fi/u/Starboard_Coins)\ **Post date:** [17 September 2020 23:54 UTC](https://gov.yearn.fi/t/i-am-pretty-confident-we-are-the-new-wealthy-elite-gentlemen/1379/42 "2020-09-17T23:54:47Z")
I would be interested to see the proposal. I’ve been doing some DD to look for legit organizations. I don’t want my donations to get rugpulled 🙂 ---
**Author:** ![forrest](https://avatars.discourse-cdn.com/v4/letter/f/77aa72/32.png) [@forrest](https://gov.yearn.fi/u/forrest)\ **Post date:** [27 September 2020 14:44 UTC](https://gov.yearn.fi/t/i-am-pretty-confident-we-are-the-new-wealthy-elite-gentlemen/1379/43 "2020-09-27T14:44:22Z")
Be as excellent a governor as possible sewing seeds of joy and prosperity where ever my feet trod. ---
**Author:** ![JordanB](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.yearn.fi/jordanb/32/2010_2.png) [@JordanB](https://gov.yearn.fi/u/JordanB)\ **Post date:** [7 October 2020 07:34 UTC](https://gov.yearn.fi/t/i-am-pretty-confident-we-are-the-new-wealthy-elite-gentlemen/1379/44 "2020-10-07T07:34:55Z")
We can make a proper rap song. [![](https://europe1.discourse-cdn.com/flex013/uploads/yearn/original/2X/0/08ebc33e430d23f44b0a98440477b1e9cbf6d727.jpeg "EDCON 2019 - Vitalik and Ethereum Foundation dance and rap") ](https://www.youtube.com/watch?v=j7MeJionPMA) [Previous page](https://gov.yearn.fi/t/i-am-pretty-confident-we-are-the-new-wealthy-elite-gentlemen/1379.md?page=1) [Next page](https://gov.yearn.fi/t/i-am-pretty-confident-we-are-the-new-wealthy-elite-gentlemen/1379.md?page=3)