How Much Are Ethereum Whales Actually Making on DeFi?

Written by flipside-crypto | Published 2020/10/02
Tech Story Tags: ethereum | defi | yield-farming | whales | yearn-finance-vs-apy-finance | cryptocurrency | decentralized-finance | good-company

TLDR 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%.via the TL;DR App
no story
Written by flipside-crypto | Business Intelligence for Blockchains
Published by HackerNoon on 2020/10/02
ABOUTHow hackers start their afternoons. We publish tech stories and build publishing software.

READEntirely free library read by hundreds of millions to learn anything about any technology.

WRITEHackerNoon elevates quality technology writing far and wide across the interwebs.

PARTNERHackerNoon works directly with tech companies to place ads by content relevancy