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Der Bürgermeister von Miami strebt nach “den fortschrittlichsten Kryptogesetzen”.

“Wir wollen sicherstellen, dass wir glauben, dass wir gewinnen, wenn alle Dinge gleich sind”, sagte Bürgermeister Francis Suarez.

Francis Suarez, der seit 2017 Bürgermeister von Miami ist, möchte die Stadt für die Krypto- und Blockchain-Industrie zur attraktivsten in den USA machen

In einem Interview mit Forbes, das am Sonntag hier veröffentlicht wurde, sagte Suarez, dass die Gesetzgeber in Miami die Politik kryptofreundlicher Gebiete wie Wyoming und New York untersuchen, um regulatorische Anreize für Krypto und Blockchain in Florida zu fördern.

“[Miami] stellt sicher, dass wir die fortschrittlichsten Kryptogesetze haben”, sagte Suarez. „Wir wollen sicherstellen, dass wir glauben, dass wir gewinnen, wenn alle Dinge gleich sind. Wir wollen also nur das Spielfeld ausgleichen. Wir wollen sicherstellen, dass niemand einen Vorteil gegenüber uns hat, basierend auf Gesetzen, die leicht zu ändern sind. “

Bürgermeister Suarez beschrieb das Rennen um den regulatorischen Gewinner nicht als einen Kampf zwischen Gesetzgebern in anderen Gerichtsbarkeiten. Vielmehr gab er Wyoming “ein Lob dafür, dass er bei der Gewinnung von Kryptofirmen klug war”, fügte jedoch hinzu, dass “jede Stadt in Amerika und auf der Welt versuchen sollte, ihr technologisches Ökosystem auszubauen”.

“Wir arbeiten daran, sicherzustellen, dass unsere Anreize vorhanden sind und dass unsere Gesetzgebung Krypto und Blockchain fördert und zukunftsorientiert ist.”

Der Bürgermeister hat in den letzten Wochen bereits mehrere bullische Aussagen zu Bitcoin ( BTC ) und Krypto gemacht, darunter, dass Miami erwägt, Stadtangestellte in BTC anstatt in US-Dollar bezahlen zu lassen . Er schlug auch vor, den Einwohnern von Miami zu erlauben, lokale Gebühren und Steuern mit Krypto zu bezahlen und einen Teil der Staatskasse in Bitcoin zu investieren, eine Aufgabe, die er als „die schwierigste“ der drei Ideen bezeichnete.

Er hat bereits mit einigen hochkarätigen Persönlichkeiten der Krypto-Community gesprochen, darunter ein Treffen mit den Gemini-Mitbegründern Tyler und Cameron Winklevoss. Anfang dieses Monats sagte Tyler , dass der Bürgermeister “den Weg für Regierungen und Bitcoin weist”.

Bürgermeister Suarez gab keinen Zeitplan an, wann diese Maßnahmen für Miamis 450.000 Einwohner wirksam werden könnten, aber einige in der Krypto-Community haben dies anscheinend zur Kenntnis genommen. Letzte Woche kündigte Bitcoin 2021 an, für seine Kryptokonferenz im Juni von Los Angeles nach Miami zu ziehen.

This entry was posted on 8. February 2021, in Bitcoin.

WallStreetBets – FTX creates tokenized versions of actions suspended by Robinhood

FTX has launched tokenized versions of several actions suspended by the Robinhood app. The exchange also created a WallStreetBets (WSB) index consisting of 5 stocks and 2 cryptocurrencies.

FTX and Bittrex tokenize stocks

Over the past few days, the Reddit group, known as WallStreetBets , has inflamed financial markets by inflating the prices of several stocks.

In response, Robinhood suspended trading in stocks targeted on its app, causing anger among retail traders . This initiative fuels the theory that the financial system is rigged in favor of professional investors.

In response to these restrictions, the Bittrex and FTX exchanges have launched tokenized versions of these stocks so that small investors can benefit from the same opportunities as “multi-billion dollar financial institutions”.

Tom Albright, CEO of Bittrex, said:

“We believe that blockchain, decentralization and will finally put small investors on an equal footing with financial institutions. ”

FTX creates a WallStreetBets index

The FTX exchange has also launched an index dedicated to WallStreetBets . The index trades as a futures contract with an expiration scheduled for March 26, 2021.

We can read in the press release :

“We are pleased to announce that we have launched the trading of a basket of stocks and cryptocurrencies targeted by WallStreetBets.”

The WallStreetBets Index, or WSB, officially trades under the ticker WSB-0326, and tracks the price of 5 stocks and 2 cryptocurrencies . Thus the index is made up of shares from Nokia (NOK), BlackBerry (BB), AMC Entertainment (AMC), GameStop (GME), iShares Silver Trust (SLV) and Dogecoin tokens (DOGE) and the FTX Token (FTT) .

Sam Bankman-Fried, CEO of FTX, also explained that the WSB index futures contract is cash-settled against the index of tokenized stocks on FTX.

Each asset has a weight of 16.5% in the basket, except for the native FTX token, which has a weight of only 1% .

This entry was posted on 30. January 2021, in Bitcoin.

Le milliardaire Mark Cuban présente le plus gros chiffre d’affaires de Bitcoin alors que Jim Kramer compare la CTB à des actions erratiques

L’entrepreneur milliardaire Mark Cuban présente le plus grand argumentaire de Bitcoin.

Dans une série de tweets, le propriétaire des Dallas Mavericks affirme que l’action sur le prix des actifs cryptographiques lui rappelle la façon dont les actions technologiques se négociaient à l’époque des dot-com.

En regardant le commerce des cryptos, c’est EXACTEMENT comme la bulle boursière d’Internet. EXACTEMENT. Je pense que BTC, Eth et quelques autres seront analogues à celles qui ont été construites pendant l’ère du point com, ont survécu à l’éclatement de la bulle et ont prospéré, comme AMZN, EBay et Priceline. Beaucoup d’autres ne le seront pas“.

Cuban ajoute que si Bitcoin (BTC) est connu pour avoir de multiples récits, il dit qu’il n’y a qu’un seul récit qui compte.

Comme pendant la bulle Internet, “les experts” essaient de justifier les prix du jour, quels qu’ils soient. La cryptographie, tout comme l’or, est déterminée par l’offre et la demande. Tous les discours sur la dévalorisation, le fiat, etc. ne sont que des arguments de vente. Le plus grand argument de vente est la rareté par rapport à la demande. C’est tout”.

Pendant ce temps, Jim Cramer, l’animateur de Mad Money sur CNBC, se penche sur la volatilité de Bitcoin. Dans une interview avec TheStreet, il souligne que Bitcoin a été échangé d’un sommet de 42 000 $ à environ 32 000 $.

Je pense que les gens doivent reconnaître que ce marché ne ressemble à aucun autre marché que vous ayez jamais vu. Nous ne savons pas qui achète, nous ne savons pas qui vend, nous ne savons pas ce qui se passe, nous ne savons rien de ce qui se passe, nous ne savons pas où cela va…

Si elle repasse en dessous de 20 000 dollars, je suis à nouveau acheteur. Mais j’ai sorti mon prix de revient et je joue avec l’argent de la maison. Ce n’est pas différent d’un titre entièrement erratique, sauf qu’il se négocie 24 heures sur 24, 7 jours sur 7“.

This entry was posted on 14. January 2021, in Bitcoin.

XRP bounces but its trend reversal remains to be confirmed

XRP trades between long term support and resistance located at $ 0.23 and $ 0.32.

The price is also following a short term upward support line.

The trend is not upwards until the price has returned to the $ 0.47 zone.

The price of Bitcoin Supersplit has been rising since December 29. That said, that rally may just be a retracement in response to the rapid decline that took place between December 19 and 23.

XRP’s trend cannot be considered upward until it has returned to the $ 0.45 area.

Long term level

Since peaking at $ 0.78 on November 21, 2020, the price of XRP has suffered a massive decline of 61%. It has, however, been up from its low of $ 0.172 on December 29.

This drop took XRP down to support at $ 0.23, before it started to rebound. XRP is currently trading in a range of $ 0.23 to $ 0.30.

Although technical indicators are bearish, price has not retraced significantly since its fall.

The 0.382 fibonacci retracement level (which is often the minimum retracement amount of a move) is found at $ 0.40. The fibonacci retracement level is for its part at $ 0.47.

A rally to the 0.5 level would go a long way in indicating a possible uptrend in XRP.

Cryptocurrency trader @Crediblecrypto shared a chart of XRP, indicating that it will likely follow a rally towards the $ 0.46 area

Its passage of this zone or the rejection of the latter will be a major element in determining the direction of the trend. This is consistent with our analysis and the areas of resistance that we have highlighted.

An observation of the daily chart reinforces the importance of the resistance located at $ 0.47. This is because this is both the 0.618 fibonacci retracement level of the second portion of the downward movement, as well as an old support area.

The current upward move was preceded by considerable bullish divergences in the daily RSI. The MACD, RSI and Stochastic Oscillator are all higher, supporting a possible bullish continuity.

A bullish cross in the Stochastic Oscillator and the RSI moving above 50 would likely signal a trend reversal.

This entry was posted on 14. January 2021, in Bitcoin.

Opcje Bitcoin w europejskim stylu są teraz dostępne na Binance

Wiodąca giełda kryptowalut Binance właśnie uruchomiła opcje Vanilla Bitcoin w europejskim stylu.
W ramach wymiany przeprowadzono już testy po zebraniu pomysłów i przemyśleń od opinii publicznej.
Kontrakty będą rozliczane w USDT, a ponieważ mają one charakter europejski, może to nastąpić tylko w z góry ustalonym terminie.

Cena Bitcoin osiągnęła ostatnio nowy ATH na poziomie 28288 USD, co czyni Cryptosoft największym i bardziej popularnym niż kiedykolwiek. Wiodąca giełda kryptowalut , Binance , zareagowała posunięciem, które przyniesie jeszcze większe zainteresowanie handlem Bitcoinami , uruchamiając opcje Vanilla Bitcoin w europejskim stylu, ogłaszając, że należy je uregulować w dniu wygaśnięcia kontraktów.

Binance już przeprowadził testy

Nowe kontrakty Binance są wyceniane i rozliczane w wiodącym stablecoinie Tether (USDT). Dzięki tym kontraktom giełda ma na celu przyciągnięcie inwestorów instytucjonalnych, którzy mogą nie chcieć posiadać Bitcoina, ale z pewnością mogą skorzystać na niedawnym wzroście cen monety.

Binance przeprowadziło już test sieciowy nowego produktu w listopadzie tego roku. Wcześniej giełda spędzała czas na zbieraniu opinii publicznej na temat nowego produktu, na temat takich kwestii, jak handel na marżach i kontrola ryzyka.

Prezes giełdy, Changpeng Zhao, mówił o premierze nowego produktu, zwracając uwagę, że obecnie istnieje duże zapotrzebowanie na tak innowacyjne produkty. Cena Bitcoina potroiła się od października tego roku, a wiele osób może wykorzystać to na swoją korzyść i zarobić. Niestety, wiele z tych osób i instytucji nie jest zainteresowanych posiadaniem monet. Dzięki dostępnym opcjom Bitcoin nie będą musieli.

Jakie są opcje Bitcoin w stylu europejskim?

Same opcje są kontraktami pochodnymi, które są zwykle używane w tradycyjnych finansach. Pozwalają handlowcom na zabezpieczenie się przed dużymi wahaniami cen i zarabianie pieniędzy, nawet jeśli ceny spadają.

Jest to idealne rozwiązanie w dziedzinie kryptowalut, gdzie ceny mają tendencję do dość silnego wzrostu i spadku ze względu na dużą zmienność. Handlowcy mogą wybrać opcję kupna, jeśli chcą kupić aktywa bazowe (w tym przypadku Bitcoin) lub opcje sprzedaży, jeśli chcą mieć prawo do sprzedaży. Opcje dają im prawo, ale nie obowiązek, w zależności od rodzaju umowy.

Teraz opcje w stylu europejskim mogą być wykonywane we z góry określonym terminie. Tymczasem „wanilia” oznacza, że ​​kontrakty są bardzo podstawowe i proste. Opcje w stylu europejskim różnią się od opcji w stylu amerykańskim tym, że opcje amerykańskie mogą być wykonane również przed z góry określoną datą. Binance już oferuje te opcje, a teraz dodał także inne.

This entry was posted on 31. December 2020, in Bitcoin.

Bitcoin dispensers scratched off the map for “aggravated bleaching”

France in reverse: bitcoin dispensers scratched off the map for “aggravated bleaching”.

Will the so-called “crypto-nation” end up as real crypto-enfer? France was already among the Western countries with the fewest bitcoin distributors, but this time it’s even worse: 8 of them have just been seized for suspicions of money laundering.

ATMs for bitcoins and other cryptos were already extremely rare in France – around ten, compared with 102 ATMs for a country like Switzerland, for example – but this is almost the end of the beans.

We learn, notably through an article in France Info, that 8 BTC dispensers were seized by the courts on Friday 18 December.

These ATMs, which were located in several French cities, are said to have been subject to a Bitcoin System preliminary investigation, opened by the Paris public prosecutor’s office, on suspicion of aggravated money laundering.

In addition to these accusations, it turns out that the distributor in question, the Polish company Bitcoin Technologies (which operated its ATMs under the brand name “Shitcoin.club”), had still not registered as a provider of digital asset services (PSAN), approved by the AMF (the French Financial Markets Authority).

According to the information provided, “nearly €200,000 in cash” had been seized from the 8 machines in question. We are therefore still far from the 2 trillion dollars of dirty money that the big banks of this world (Deutsche Bank in the lead) would have seen passing through their networks, according to the famous FinCEN files.

3 distributors of bitcoins for 67 million inhabitants

According to Coin ATM Radar, a site aggregating data on cryptos ATMs, there are only 3 ATMs available in France, or should we say “in Paris”, since these last survivors are all located in the capital.

Meanwhile, in the rest of the world, there have simply never been so many cryptos ATMs: 13,419 ATMs, of which more than 98% support Bitcoin.

In fact, even in spite of the health and economic crisis caused by the coronavirus epidemic, this year 2020 has seen an increase of +110% in the number of MTAs, more than doubling!

This entry was posted on 23. December 2020, in Bitcoin.

Dollar may reach R$ 6 with decline in economic indicators in Brazil

Global economic instability, triggered by a second wave of coronavirus contagion, could boost Brazil’s dollar and benefit Bitcoin

The US dollar could reach R$6 with a possible worsening of the post-election economic scenario, and a ‘second wave’ of contamination from Covid-19 could act strongly to slow the economic recovery.

The second wave of Covid-19 has already generated a warning for the global economic recovery, mainly due to the announcement of the lockdown in major European powers such as Portugal and the United Kingdom.

Thus, by December, we can see a decline in several economic indicators, according to Infinox Capital, a future market maker in Brazil.

“Movements like the US dollar, with the price at R$5.70 and the gain, and the sale of the barrel of oil at US$34.00, demonstrate a scenario of attention around the world,” explains Infinox executive Victor Hugo Cotoski.

Since the announcement of the second phase of restrictive measures of social isolation, the US currency has gained strength against all currencies, only against the real it has appreciated by almost 4%.

Oil, considered a commodity, fell by approximately 20%, which shows a concern due to the consumption of the good, due to the reduction of people circulating with cars and planes, for example.

“At this point, we are already experiencing the second wave of coronavirus, in which we will have more delays in improving economic levels, because of the damage already caused in previous months, and possible large swings in investment portfolios by the end of 2020,” explains Cotoski.

Currencies: dollar, real, pound sterling, Japanese yen and Norwegian krone

For British Trading, the US Dollar should strengthen as it already has, along with the Japanese Yen, considered a safe, secure, hedge currency.

In addition, it is possible to see a great opportunity in the pound as it is taking shape and Brexit trading, the UK’s exit from the European Union, has been positive for England.

“The Brazilian real and the Norwegian krone, for example, are suffering a great depreciation, because they are currencies that GDP has a significant weight in commodity, so if there is no sale of products, such as steel or oil, there is no entry of dollars, thus causing a cascading effect’, says Cotoski.

With this a possible appreciation of the US currency (currently falling from R$5.70 to R$5.36 at the time of writing), the price of Bitcoin tends to reach new historical levels in the country, since BTC has its value measured by the dollar.

Currently quoted at R$ 15,335 (R$ 82,356), with a worsening economic scenario and an increase in the dollar, the price of Golden Profit can easily rise from R$ 90,000 even if, in the dollar rate, the cryptoactive is in the range of US$ 15,000 to US$ 16,000.

American and Brazilian markets

In record time, the American market had the largest injection of fiscal stimulus packages in human history, coming out of the crisis benevolently.

“American stock indices, such as the NASDAQ, which measures the average price of the 100 largest technology companies in the United States, not only recovered, but generated new historical records for companies such as Apple, Amazon, Netflix and Google, which set records in sales and revenues, even during the entire lockdown period at the beginning of the year,” explains Sam Chaney, executive responsible for the global expansion of the Infinox group.

The US elections could set the course for the world’s largest economy, if there is a victory for Democrat Biden, who appears ahead of Trump in the polls, it could generate a new series of lockdowns and the failure to approve more stimulus packages for the economy by the end of the year, resulting in the suffering of the second wave of the pandemic.

Brazil must follow the same path as major importers, such as China and the United States, because if there are stoppages, importers will stop buying, there will be a drop in consumption, there will be a decrease in the volume of dollars entering the country – which could result in a new wave of layoffs.

According to Infinox, because it is an emerging country, the consequences must be greater when compared to major powers and the debt and GDP ratio can exceed 100%.

“If this economic scenario happens, it will be like a domino effect, and Brazil will be in the middle. With this, we should see the Brazilian currency quoted above R$ 6.00, regardless of the political or fiscal environment of our country,” concludes Cotoski.

Currency market in Brazil

With the arrival of volatility in the market, due to the facts mentioned above, the volume of trading in the currency pairs in which Infinox acts as market maker, providing liquidity to institutional and retail investors in Brazil, should increase and continue to break records.

“We should see many trades in the EURUSD (EUP), where there is a trade of the US dollar per euro, and mainly in pairs such as the Japanese yen (JAP) and the dollar per pound (GBR), as these are the safe currencies in which volatility should appear. When it comes to the pound, because of the progress of the Brexit steps, the manager or investor should know about our role in the national territory, in providing liquidity and depth in trading these currencies, because we are acting throughout the trading session,” explains Chaney.

This entry was posted on 26. November 2020, in Bitcoin.

L’entreprise d’Anthony Scaramucci cherche à investir dans les bitcoins et les actifs numériques

SkyBridge Capital, une société d’investissement de 9,2 milliards de dollars fondée par l’ancien vice-président de Goldman Sachs et porte-parole du président Donald Trump, Anthony Scaramucci, cherche à investir dans des dépôts cryptocurrentiels publiés par la Securities and Exchange Commission (SEC) lors de l’émission de vendredi et lundi.

Exposition aux actifs numériques

Plus précisément, ils veulent créer un fonds spéculatif. Les investisseurs institutionnels seront alors directement exposés aux cryptocurrences. L’entreprise investira dans des sociétés exposées aux actifs numériques ou dans celles qui soutiennent directement l’écosystème de la cryptographie.

Leur prospectus a été lu:

“La société peut chercher à s’exposer à certains fonds d’investissement ou gestionnaires d’investissement qui peuvent conclure des opérations sur produits dérivés, tels que des swaps de rendement total, des options et des contrats à terme. Les investissements de la société et/ou des fonds d’investissement peuvent également être effectués dans des sociétés fournissant des technologies liées aux actifs numériques ou d’autres technologies émergentes”.

En outre, la société d’investissement, qui existe depuis une décennie, cherche à s’exposer à toutes les formes d’actifs numériques, et pas nécessairement à Bitcoin seul.

Une section de leur remplissage se lit:

“Les fonds d’investissement peuvent investir dans des actifs numériques sans restriction quant à la capitalisation boursière ou aux caractéristiques ou attributs technologiques (y compris les actifs numériques moins connus ou nouveaux appelés “altcoins”) et peuvent investir dans des offres initiales de pièces, qui ont historiquement fait l’objet de fraudes”.

Bitcoin comme stratégie d’investissement

Malgré cela, le bitcoin est la plus stable et la plus liquide de toutes les cryptocurrences. Il fait partie de la stratégie d’investissement de plusieurs entreprises publiques, comme le rapporte BTCManager.

Malgré leurs incursions, la société décrit les actifs numériques comme des titres sans valeur intrinsèque qui sont sujets à l’illiquidité pendant les périodes de dépression du marché.

Hormis leur utilisation comme moyen d’échange, leur historique est court et ne repose sur aucune marchandise tangible, aucun titre, aucun droit ou obligation contractuel. En outre, les cryptocurrences ne bénéficient pas du soutien de la plupart des gouvernements.

Les propositions de SkyBridge ont été approuvées par la SEC ou la Commodity Futures Trading Commission (CFTC), et restent donc nulles.

Au moment où nous écrivons ces lignes, Bitcoin est en train de se déchirer. Se négociant à plus de 17 000 dollars, la pièce est à son plus haut niveau depuis trois ans, et s’impose comme une réserve de valeur.

Comme le rapporte BTCManager, Cynthia Lummis, la sénatrice élue de l’État du Wyoming, a déclaré dans une interview que Bitcoin se présente comme une réserve de valeur et un investissement financier alternatif.

This entry was posted on 18. November 2020, in Bitcoin.

Biden 2020: Bitcoin échange FTX sur la liste des principaux donateurs de Biden avec une énorme contribution

La campagne Biden 2020 reçoit un don de 5,22 millions de dollars de l’échange de crypto-dérivés FTX.

Biden promet 300 milliards de dollars pour la recherche et le développement et les «technologies de pointe».

Trump a eu une relation assez acrimonieuse avec Bitcoin

Selon l’ organisation à but non lucratif OpenSecrets, l’échange de bitcoins FTX était l’un des plus grands donateurs de la campagne électorale Biden 2020.

L’échange de dérivés de crypto-monnaie Bitcoin Superstar a fait l’un des plus gros dons à la campagne de l’espoir présidentiel Joe Biden pour entrer dans la Maison Blanche aux élections américaines de 2020. FTX a fait un don de 5,22 millions de dollars, venant derrière des donateurs tels que Google (6,39 millions de dollars) et l’Université de Californie (6,38 dollars) million). Le plus grand donateur était Bloomberg (57,5 millions de dollars).

Les intentions de FTX ne sont pas claires, mais le don – au candidat qui pourrait très bien être annoncé confirmé comme président élu dans les prochains jours – pourrait donner au crypto-business une influence considérable au sommet du gouvernement américain.

FTX est un crypto-échange relativement nouveau, fondé par le passionné de crypto Sam Bankman-Fried (PDG) en 2019. Il se spécialise dans l’offre de crypto-dérivés

Bien que la campagne Biden 2020 n’ait pas de politique définie pour la crypto-monnaie, elle s’est engagée à investir 300 milliards de dollars dans la recherche et le développement et les «technologies de pointe», selon le site de la campagne .

Bien que ne mentionnant pas directement la crypto-monnaie, cela pourrait éventuellement inclure, à tout le moins, des systèmes basés sur des technologies de grand livre décentralisées ou les efforts de la Réserve fédérale pour suivre le rythme de la monnaie numérique de la banque centrale chinoise (CBDC), le yuan numérique .

Trump, en revanche, a eu une relation assez acrimonieuse avec Bitcoin. Dans une série de tweets en 2019, il a suggéré que le bitcoin et les autres crypto-monnaies n’étaient «pas de l’argent» dont la valeur est «basée sur l’air mince». Il s’est même attaqué à la Balance de Facebook, reprochant à l’entreprise de penser qu’elle pourrait chercher à devenir efficacement une banque tout en évitant les réglementations bancaires.

Par conséquent, il n’est pas impossible de voir pourquoi Biden 2020, et non Trump, a fait ce don important de FTX. Reste à savoir si cela se traduit par une influence sur l’élaboration des politiques. Cependant, cela pourrait marquer le début d’une nouvelle vague d’engagement politique d’un crypto-monde largement axé sur le développement interne. Dans un pays avec un environnement juridique notoirement lent et réticent, cela pourrait certainement aider à accélérer les choses.

This entry was posted on 6. November 2020, in Bitcoin.

Yearn Finance proposes a restructuring of fees and rewards in the face of the decline of its TVL

Yearn Finance proposes a restructuring of fees and rewards in the face of the decline of its TVL
Yearn Finance offers better fees for strategists.

Vaults are underperforming and liquidity is draining.

TVL is down 60% since early September, YFI / USD is down 75%.

The Trust Project is an international consortium of news organizations based on transparency standards.

DeFi Yearn Finance’s protocol proposed changes to its fee and reward structure in an effort to attract better developers and strategists as liquidity on the platform continues to decline.

Yearn Finance works on the principle of seeking the best returns through constantly evolving strategy management, which saves the investor time and expense to carry out this research himself.

After its launch it was very successful, offering massive four-figure returns for some strategies that became unsustainable over time and needed to be changed.

The yETH vault is a good example of this, as it initially offered a higher than 100% annual return on ETH deposits, but collapsed to less than 0.5% when the strategy collapsed and that liquidity is out of the pool.

In his latest proposal, Yearn suggested that the strategist rewards were too low, recommending an increase to attract the best developers to the platform.

1 / Our goal is to attract and retain the best BitQT developers to work in the Yearn ecosystem.

Some developers have expressed concern that the strategist fee (0.5%) may not be enough to align long-term incentives.

More incentives for Yearn strategists

Strategists are currently receiving 0.5% of their strategy’s profits, but that may be less than what they spent, especially now that returns have fallen from their sky-high levels a few months ago.

The charge comes from the 0.5% withdrawal fee for liquidity providers leaving the vaults. The proposal added that underpaying strategists could cause them to seek short-term gains, and jump on safety or testing.

The V2 vaults, currently in development, will have multiple strategies per vault that share assets under management and offer more realistic returns. After testing different fee models, developer “Banteg” said a management fee would be better than the current withdrawal fee: “Today I learned that a 2% management fee would be four times less. expensive as a withdrawal fee of 0.5%. ”

However, it has been suggested that a 2% management fee would be detrimental to liquidity providers if the strategy no longer becomes viable and the vault starts to underperform, similar to the situation that developed with yETH chests.

Finding the balance between rewarding liquidity providers and strategists at the same time is clearly proving to be a challenge.

Actuality of the locked total value

The total value stuck in Yearn Finance has declined by around 60% since early September and is currently around $ 390 million according to DeFi Pulse .

Yearl Finance TVL – DeFi Pulse

Declining income has led DeFi farmers to seek returns on more equitable pastures, or even revert to Bitcoin , which outperforms almost all other digital assets at the moment.

Yearn’s native token, YFI , suffered a similar blow, falling about 75% from its all-time high in mid-September. Today, YFI is trading at just under $ 10,700, down 25% from last week.

This entry was posted on 3. November 2020, in Bitcoin.