paint-brush
How Much Are Ethereum Whales Actually Making on DeFi?by@flipside-crypto
418 reads
418 reads

How Much Are Ethereum Whales Actually Making on DeFi?

by Flipside Crypto2mOctober 2nd, 2020
Read on Terminal Reader
Read this story w/o Javascript
tldt arrow

Too Long; Didn't Read

Most are using yearn.finance, a set of automated money robots that do the work for them. All they have to do is deposit their money into a ‘vault’, and wait while these smart contracts move the assets between liquidity pools to generate the highest interest. The largest whale has $40.6M in the yCRV vault, generating $500K in returns in the past 3 weeks. This represents a simple return of 2.17%, annualized at 40.46%.

Company Mentioned

Mention Thumbnail

Coins Mentioned

Mention Thumbnail
Mention Thumbnail
featured image - How Much Are Ethereum Whales Actually Making on DeFi?
Flipside Crypto HackerNoon profile picture
Flipside Crypto

Flipside Crypto

@flipside-crypto

Business Intelligence for Blockchains

L O A D I N G
. . . comments & more!

About Author

Flipside Crypto HackerNoon profile picture
Flipside Crypto@flipside-crypto
Business Intelligence for Blockchains

TOPICS

THIS ARTICLE WAS FEATURED IN...

Permanent on Arweave
Read on Terminal Reader
Read this story in a terminal
 Terminal
Read this story w/o Javascript
Read this story w/o Javascript
 Lite