What does the Machine Gun Pool mean (What does yfi Machine Gun Pool mean)?

08/17/2023 04:09 • Metaverse & Beyond • 82 views

What does the Machine Gun Pool mean? What does the Machine Gun Pool mean? The Machine Gun Pool refers to using the efficiency of machines to invest funds through hedging.

Simply put, during the mining process, various tokens or combinations of tokens are generated, forming a Machine Gun Pool (pool). This Machine Gun Pool can be any amount or any amount of cryptocurrency. For example, if 1 ETH is locked in a contract on Ethereum, then it is part of the assets or tokens in the contract.

This mechanism is also called “arbitrage” or “lending.” Because it is a combination of trading strategies and speculation, we call it “arbitrage,” but it is actually not true arbitrage, but refers to the price fluctuations of a specific digital asset, from which investors need to profit from these price changes to obtain profits, hence the meaning of “Machine Gun Pool.”

What does yfi Machine Gun Pool mean

Editor’s Note: This article is from Ethereum enthusiasts (ID: ethfans), author: Andre Cronje, translated and proofread by: Min Min and Ajian; authorized reprint by Odaily Star Daily.

The concept of a Machine Gun Pool is to deposit a certain cryptocurrency or token into a smart contract system, and through this Machine Gun Pool, you can mine and gain profits and rewards. These funds will automatically enter various DeFi protocols to earn interest or other income.

The purpose of yfi Machine Gun Pool is to help users trade on different decentralized financial platforms and obtain returns from them. This system allows users to participate without a third party, while ensuring that their deposits are not lost. As it is a smart contract system, users can engage in lending without providing any services to anyone. When they choose to invest in certain assets, they will also receive corresponding returns. For example, ycrv.token is an ERC20 token used to purchase a certain cryptocurrency, and it can earn rewards by pledging its tokens, such as yCRV. If a user wants to sell a cryptocurrency on the market, they need to lock the tokens for a period of time to unlock them, because users either hold a certain number of tokens or borrow other tokens with their own tokens. This method is also called “liquidity mining,” but in reality, it does not passively expose the user’s principal to risk, but only gives them the right to earn money. However, in order to ensure their safety and maximize their interests, the mechanism of this system is designed as follows:

1. Generate a yield curve through a smart contract, and then add it according to the order of the yield curve through a calculator.

2. Modify the parameters on the interest rate curve to adjust the yield curve.

3. Allocate fees to users and pledgers, and then let the pledgers decide their price fluctuations and how they affect yields.

4. Accumulate fees over a time period.

5. Set a new yEarn strategy every week.

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What does the Machine Gun Pool mean (What does yfi Machine Gun Pool mean)?

What does yfi Machine Gun Pool mean

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