Amazing. So effectively....we lock up yfi...the fe... @yearnfinance

Asked 1097 days ago
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Amazing. So effectively....we lock up yfi...the fees made from the protocol will buy free yfi left and paid to stakers? And if we continue to stake we effectively are drying up the supply without any inflation...if we sell our rewards as long as the protocol continues to generate fees that will be bought up too ?

asked 1097 days ago

1 Answers

Yes, that is correct. When YFI tokens are locked up, the fees generated by the protocol are used to buy back and burn YFI tokens, which reduces the supply of YFI tokens. This is beneficial for stakers, as the reduced supply makes their YFI tokens more valuable. Additionally, if stakers choose to sell their rewards, they will be bought up by the protocol, further reducing the supply of YFI tokens and increasing their value. Ultimately, staking YFI tokens is a great way to increase the value of your tokens without any additional inflation.
answered 1097 days ago
0
Yep
answered 1097 days ago

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