xuanling11Crypto Paycheck
Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
xuanling11Defi Review #4: AAVE The Defi Lending Services
AAVE is a decentralized finance lending service before decentralized finance even existed. It is an innovation lending service in crypto and one of the first kind. However, the lending service may only restrict to the crypto community and it may expand into the traditional financial field later. TL;DR AAVE is a crypto lending financial service which to provides lending services to the crypto community. They focus on security and smart contract lending may be the future of financial services. ...
xuanling11Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
xuanling11Crypto Paycheck
Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
xuanling11Defi Review #4: AAVE The Defi Lending Services
AAVE is a decentralized finance lending service before decentralized finance even existed. It is an innovation lending service in crypto and one of the first kind. However, the lending service may only restrict to the crypto community and it may expand into the traditional financial field later. TL;DR AAVE is a crypto lending financial service which to provides lending services to the crypto community. They focus on security and smart contract lending may be the future of financial services. ...
xuanling11Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
Share Dialog
Share Dialog
Subscribe to xuanling11
Subscribe to xuanling11
<100 subscribers
<100 subscribers
This article is sponsored by the MixPay Content Reward Program. MixPay is a decentralized crypto payment service platform built on Mixin Network. MixPay, Payment for Web3.
You probably heard about Yearn Finance, but what is actually Yearn Finance is trying to accomplish?
Let’s explore.
Table of Content
Yield Aggregators Protocol
Banks Interest Earnings
Why Yearn Finance
In Conclusion
Yield Aggregators Protocol
Yearn Finance is a DAO. No company, no CEO, no single individual charges the operations. It is run by community members. It focuses on yield. Particularly using crypto to leverage the yield.
To make yield efficient and return higher profits, Yearn Finance utilized stablecoin to help users to earn more through their liquidity pools.
The idea of yield aggregators means people will put their funds together with smart contracts to help them trade and find the best possible earnings through various interest rate choices.
Banks Interest Earnings
People may wonder why interest earnings from banks are so low. The answer is they do not want your money. There is no incentive for them to ask for a deposit on their accounts. The way banks make profits does not rely on your money deposit.
People usually think that banks use your deposit to make loans. However, that is only their fraction of earnings. Banks' profits are mainly coming from selling financial products like loans, mortgages, and fees.
Particularly, those fees are acting as a punishment to people who use their services. Overdraft fees brought banks 1.3% of revenue in 2020. It is a combo of a one-time charge of $36 plus whatever you owe with interest.
Other profits mainly came from service fees that banks provide through credit services, loan services, and investment services.
If you cut all their services fees and punishments, their profits will shrink dramatically.
Why Yearn Finance
By eliminating the middleman, service fees and punishments are gone. All financial services can provide is to make users more profitable.
With this simple intuitive goal, Yearn Finance can easily offer higher APR to users.
In Conclusion
There are many valuable Defi projects. Yearn Finance is one of the top projects that you want to hold.
This article is sponsored by the MixPay Content Reward Program. MixPay is a decentralized crypto payment service platform built on Mixin Network. MixPay, Payment for Web3.
You probably heard about Yearn Finance, but what is actually Yearn Finance is trying to accomplish?
Let’s explore.
Table of Content
Yield Aggregators Protocol
Banks Interest Earnings
Why Yearn Finance
In Conclusion
Yield Aggregators Protocol
Yearn Finance is a DAO. No company, no CEO, no single individual charges the operations. It is run by community members. It focuses on yield. Particularly using crypto to leverage the yield.
To make yield efficient and return higher profits, Yearn Finance utilized stablecoin to help users to earn more through their liquidity pools.
The idea of yield aggregators means people will put their funds together with smart contracts to help them trade and find the best possible earnings through various interest rate choices.
Banks Interest Earnings
People may wonder why interest earnings from banks are so low. The answer is they do not want your money. There is no incentive for them to ask for a deposit on their accounts. The way banks make profits does not rely on your money deposit.
People usually think that banks use your deposit to make loans. However, that is only their fraction of earnings. Banks' profits are mainly coming from selling financial products like loans, mortgages, and fees.
Particularly, those fees are acting as a punishment to people who use their services. Overdraft fees brought banks 1.3% of revenue in 2020. It is a combo of a one-time charge of $36 plus whatever you owe with interest.
Other profits mainly came from service fees that banks provide through credit services, loan services, and investment services.
If you cut all their services fees and punishments, their profits will shrink dramatically.
Why Yearn Finance
By eliminating the middleman, service fees and punishments are gone. All financial services can provide is to make users more profitable.
With this simple intuitive goal, Yearn Finance can easily offer higher APR to users.
In Conclusion
There are many valuable Defi projects. Yearn Finance is one of the top projects that you want to hold.
No activity yet