Yearn proposes “buyback and build” strategy for YFI holders

The Yearn.finance community is introducing a proposal to reform the current token economics of YFI. Popularly called “buyback and build,” the proposal aims to bolster the project’s treasury while also generating value for all stakeholders. Its list of authors includes Yearn core developers Banteg, Tracheopteryx and Lehnberg, as well as Gabriel Shapiro, partner at BSV Law and occasional Yearn contributor. Currently, Yearn.finance uses a staking and dividends model. Holders must place their tokens in the yGov contract and receive a portion of the revenue generated by its yield strategies. This…

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Mad Money’s Jim Cramer Buys Bitcoin, Reveals Strategy to Increase Holdings

Jim Cramer, the host of Mad Money and co-founder of The Street, has bought some bitcoin with the intention to keep increasing his holdings. He explained his purchase strategy and said there’s no reason not to wait for bitcoin’s price to come down again. Jim Cramer Bought Bitcoin Jim Cramer is the host of Mad Money on CNBC, a former hedge fund manager, and a co-founder of Thestreet.com, a financial news and literacy website. He tweeted on Friday in response to a comment about a dip in bitcoin’s price. “I…

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Malta’s ‘blockchain island’ strategy falters as banks refuse to play ball

Malta’s Finance and Employment Minister, Clyde Caruana, has revealed that the nation’s plan to become a “blockchain island” is floundering due to the unwillingness of local banks to work with innovative firms. Speaking to local media outlet Lovin Malta, Caruana noted that few local businesses have been able to secure banking partners, asserting: “Traditional banks have written off blockchain at its early stages.” “The banks must be convinced that this is something that can really happen; unless banks are on board it will be very difficult.” Caruana emphasized the need…

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Qatar’s National Solarized Fintech Strategy Amid COVID-19 Pandemic

The nation of Qatar is a World Bank “high-income economy,” backed by the world’s third-largest natural gas and oil reserves. It has the third-highest GDP per capita in the world (by purchasing power parity), with very high human development. Similar to other Gulf Cooperation Council states — which also include the United Arab Emirates, Saudi Arabia, Oman, Kuwait and Bahrain — Qatar has had to deal with the decline in global oil and gas prices after they first collapsed in 2014, and the situation has been made even more difficult…

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A General Strategy on How to Select a Crypto Fund, Part 2

With about 800 crypto funds relying on a new asset class, which has its own properties, it is essential to assess them through an appropriate framework. We provide a basic framework of useful metrics to assess the true risk of a crypto fund as a quantitative screening tool. Short-listed funds can then be assessed in more detail through a classic due diligence process. Assessing the return/risk profile of a directional trading crypto fund Assessing the expected return of a directional fund Investors in a directional fund should first have a…

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