Thread by @Darrenlautf

If you're like me and you just woke up to seeing 158.59% APY at the y pool on @CurveFinance, you're probably wondering how do i get some of that 💰💰💰

Here's a short guide (cause it's really that easy to use)
1. Go to curve.fi/iearn/deposit

OR to go here from curve.fi
1. Top Left, green navi bar -> y -> deposit
2. Scroll to the bottom to the line that says
"2.Y ....", click it then click deposit

2. Decide how much you want to deposit in (DAI, USDC, USDT, TUSD)
- if you don't wanna brain just choose use max amount of coins available
3. Infinite approval - save fees cause below

(Ignore the low DAI amount, yo boi here is broke cause of degen trading with @Daryllautk)

4. Click deposit, need to approve spending your coins
They'll let you know your tx cost

At current APY (158.59%), you need to deposit at least $821.65 in the beginning, if you want to cover fees in one day (3.57*365/1.5859)

There's gonna be two transactions
1. Approving contract
2. Contract Interaction

The transaction cost varies depending on your gas price. Check out ethgasstation.info to decide how much you want to use

5. And done for depositing, but how do I check how much I have inside?

Go to curve.fi/iearn/withdraw

OR to go here from curve.fi
1. Top Left, green navi bar -> y -> withdraw
2. Scroll to the bottom to the line that says
"2.Y ....", click it then click withdraw

Scroll to the bottom, you'll see your share (% of pool) and your initial deposit split into proportions of the coins in the pool.

Note : USD balance may be lower because of conversions (Some coins are not worth $1 exactly)

2. Choose what you want to withdraw your stablecoins in:

- Combination (messy if you just want to use one)
- DAI - high slippage now (0.945%)
- USDC - actually got a small bonus (0.017%)
- USDT - got a bonus too (0.178%)
- TUSD - slippage at (0.148%)

3. Click withdraw once you decide which coin you want it in, you'll need to approve your tokens for withdrawal

There's an estimated tx cost there : $4.01

Total Estimated fees to pay = $3.57 + $4.01

Initial Deposit to get fees in 1 day
= $1744.56 (7.58*365/1.5859)

Thanks to $COMP farming, @CurveFinance now yields better returns than anywhere else right now.

BRB changing jobs to full time yield-farmer / degen trader 🧑‍🌾📈

Since @Daryllautk and I are currently explaining to our dad why this isn't a Ponzi scheme at 2:30am.

Note: This guide is NOT financial advice

APY is high now because there's high volume on Curve (0.04% fee for LPs) cause $COMP farming.

It will drop when:
- # LPs +
- Vol -

By depositing, you have claim to a share of the fees.

If the volume drops, revenue from fees will decrease, your rewards decrease

If the number of people depositing increase, your share decrease (Mine dropped so much after these tweets🥺), your rewards decrease

There's other risks like :
- contract risk (Curve's been audited ~4 times)
- Ethereum risk (what if all crashes to 0? )
- stablecoin risk (what if USDT goes to 0?)

And other risks that comes with any crypto related investment, ALWAYS DYOR!