Thanks Anthony, so is the black hole analogy because you won’t want to close the vault and get your ETH back due to the great APY, and if you’re long ETH it’s all good, or something else?
I’m pretty sure ATM Zapper is just a Ui that pulls your DEFI activity from your ENS / ETH address so you’d be still interacting with the underlying contracts/pools.
How can we calculate the price in which ETH would have to fall to liquidate the yETH yearn vault?
I found it. https://defiexplore.com/cdp/13972 The liquidation price is currently $320. The risk here is too high.
Ok, there's a lot more to it than just the liquidation price. At that point, the Yearn vault will rebalance itself to avoid full liquidation.
Thanks Anthony, so is the black hole analogy because you won’t want to close the vault and get your ETH back due to the great APY, and if you’re long ETH it’s all good, or something else?
I assume that's what he meant. Once ETH goes in, users are likely to leave it for a long time, removing those ETH from the active trading supply.
Cheers
So if we take take COVER for the amount of ETH we have deposited...does that cover us from liquidation risk ?
What are the advantages or disadvantages of depositing directly through yearn.finance as opposed to zapper.fi?
I’m pretty sure ATM Zapper is just a Ui that pulls your DEFI activity from your ENS / ETH address so you’d be still interacting with the underlying contracts/pools.