How much money do Ethereum whales earn on yearn.finance?

Winkrypto

特邀专栏作者

2020-10-08 16:18 (UTC+8)

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In the yCRV vault, the largest "whale" with $40.6 million in funds has returned $500,000 in the past three weeks.

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In the yCRV vault, the largest "whale" with $40.6 million in funds has returned $500,000 in the past three weeks.

Editor's Note: This article comes fromChain News ChainNews (ID: chainnewscom)Editor's Note: This article comes from

Chain News ChainNews (ID: chainnewscom)

, the original author: Flipside Crypto, translator: Lu Jiangfei, published with authorization.

By depositing millions of dollars in decentralized liquidity pools to earn interest, ethereum “whales” are pushing the decentralized finance (DeFi) industry in their own right.

At present, most DeFi users use yearn.finance. This platform seems to have a group of automated robots that provide financial services for people. All you have to do is deposit money in the "vault" and then "sit and wait" for these smart contracts to be transferred between liquidity pools. Just move your assets to generate the highest interest - yearn.finance is like opening a really smart savings account for you.

But the problem is that the calculation of DeFi’s real income farming income is not transparent, and it is difficult to identify the actual income of “farmers” from farming. Some people say that the annual rate of return of DeFi can exceed 1000%. This statement is somewhat misleading, because the interest rates given by these projects are calculated on the basis of "a whole year", and the farming that actually gives specific rewards usually only lasts for a few days or a few days. Weeks, and the reward will gradually decrease over time, so the accurate term for this indicator should be "expected return".

yCRV Vault

yearn.finance has many different vaults for DeFi users to choose from. Each vault has different basic assets and exclusive strategies to achieve return on investment. Currently, the most popular one is the yCRV vault. This vault farms CRV tokens and transaction fees utilizing yCRV tokens, a DeFi tokenized basket based on DAI, USDC, USDT, and TUSD.

Below, we use the yVault ROI calculator created by Matt Bridges, COO of Flipside Crypto, to analyze the returns of three "Ethereum whales" on yVault. (Lianwen Note: The analysis data comes from a subgraph of thegraph.com platform built by a yearn.finance developer.)

1. In the yCRV vault, the largest "giant whale" has USD 40.6 million in funds, and he/she has received a return of USD 500,000 in the past three weeks.

The chart below shows the return on investment trend of the largest whale in yCRV who invested a total of 38.5 million yCRV tokens in the yCRV vault, which is equivalent to 40.6 million US dollars (1 yCRV = 1.06 US dollars), and the x-axis represents the Ethereum area Numbered at the block height on the blockchain, the person initially invested at block height 10,750,000, which was validated by miners on August 28, and has earned $497,395 in returns since then.