I did farming at the yearn/vault last time, so today I will withdraw money.
- yearn/vault withdrawal
- curve.fi withdrawal
Is it simpler than farming?
Now it starts
I. yearn/vault withdrawal
- Go to https://yearn.finance/vaults , enter the desired quantity (100% for me) and click Withdraw.
Once you approve the gas fee, yCRV tokens containing profits will be placed in your personal wallet (metamask).
(YCRV tokens will be returned with 0.5% commission and 5% of profit deducted during this process)
Now you have to go to the curve and make a withdrawal to return to the original stablecoin.
II. curve.fi withdrawal
- Go to https://www.curve.fi/iearn/withdraw for withdrawal .
- I deposited DAI, but when I tried to withdraw to DAI, the DAI premium increased from 1.01 to 1.04, and when it was returned, the amount of DAI decreased.
So I applied for a withdrawal to USDC. USDC gives a small premium of 0.08%. - Select USDC and click Withdraw.
- If you approve the gas fee, USDC will be placed in your personal wallet (metamask).
- A total of 0.1 ETH ($40 USD) was spent on gas.
In recent days, the yearn/valut stablecoin's yield has been poor, which has led to yearn/vault withdrawal.
The crv token decline and yearn/vault liquidity increased a lot.
The reason for not withdrawing to DAI is that the premium of DAI may increase further, but if the premium returns to its original position, asset loss may occur, so withdrawal was made to USDC.
It seems necessary to consider whether DAI, which currently has a premium of 4%, is indeed a stable coin.
For reference, TRON's stable USDJ is currently trading at a 13% premium.
We hope you pay special attention to investing in stable coins.
Interest farming can generate profits, and stablecoins can incur even greater losses.
This concludes the withdrawal of yearn/vault & curve.fi stablecoins.
If it helps, please vote ^^