How much is YT worth? FIVA's Hidden Wealth Code】 Recently, many people have asked me, what is the value of the bill called YT in the #FIVA? Why does someone collect it? It seems so risky, is it worth buying? Today we're going to talk about that. This is the second instalment in the FIVA series, and we focus on one important point: How is YT priced? How to play to have a chance to earn money? 1. What is YT? In a word: YT (Yield Token) is a ticket that represents your "future earnings". It's just that the ticket price of this ticket is floating, and the face value of the ticket is known in the future. In FIVA, users deposit yield assets such as tsTON, tgUSD, EVAA USDT into the protocol, which will be packaged into SY (system internal operation, the frontend is hidden), and then split into two bills: (1) PT (Principal Token): It only represents the principal, determine how much you can get back; (2) YT (Yield Token): represents all returns, and the real uncertainty is hidden here. 2. How much is YT worth? YT is the most core trading asset in FIVA, and its value depends entirely on "how much you think you will make in the future". Let's take an example: let's say you stake and get 100 tsTON, which is expected to be 10% annualised, and after 1 year, it will become 115 $TON. You mint out in FIVA: (1) PT-tsTON (fixed value: 100 $TON) (2) YT-tsTON (future value depends on actual returns) At this time, you want to sell YT and cash out in advance, the question is: how much should YT be worth? The answer is: this is not determined by the agreement, it is the market game. 3. YT's price fluctuation logic YT is like a "stock with income", its price will be affected by many factors, such as: (1) Time remaining: The closer to expiration, the closer the price of YT is to the profit it can eventually redeem; (2) Expected annualised rate of return: The higher the return of the underlying asset (such as tsTON, tgUSD, EVAA USDT), the more valuable YT is expected; (3) Current market price vs actual discounted value: the middle price difference is the arbitrage opportunity; (4) FIVA Points / Protocol Points: Holding and trading YT of some assets (such as EVAA USDT) can earn FIVA Points and EVAA XP, which may be used for airdrops or platform incentives in the future; (5) Large investor behaviour/herd effect: Some people buy or sell in large quantities, which will also affect price trends and market confidence. So you'll see: (1) Someone buys YT at a low price, as long as the maturity income exceeds the cost, it is a positive return; (2) Someone sells YT in order to lock in the principal of PT and withdraw early; There are also people who just want to rush to the FIVA points leaderboard, participate in YT trading and do LP. (3) It is also important to note that some YT holdings may also be eligible for short-term investment, which is part of the value composition of YT. 4. How to play YT to have a chance to earn? YT is a typical "high risk, high return" asset that is suitable for the following types of players: (1) People who are optimistic about the prospects for earnings If you judge that the income of a certain asset is stable or will rise in the future, then buy YT and the profit will increase. (2) People who like to bet on odds The price of YT is sometimes very low, for example, 1 TON income is only sold for 0.2 TON, and you can earn 4~5 times when you bet on the right one. (3) People who are good at capturing market sentiment See the price changes in the pool, trade arbitrage quickly, and earn a wave of liquidity opportunities and points. (4) A person who does a medium-term "bid-ask spread". Buy YT in anticipation of an upswing and sell it to later buyers when sentiment warms up. 5. Summary: Is YT an opportunity or a trap? YT is not an "airdrop ticket", it is a tokenised expression of real earning rights. It is precisely because it does not guarantee returns, fluctuates greatly, and the price is low, so it is a natural space for trading, speculation, and arbitrage for masters. #FIVA innovation lies in turning "income attribution" into a tradable asset. You no longer need to pledge assets and other earnings, but can directly trade "future income rights". For people who are willing to take risks, understand logic, YT itself is one of the most interesting and straightforward alpha channels in the crypto world. @FivaProtocol , #FivaProtocol ~~~The 🔸 first part of the review 🔸~~~ ~ The most noteworthy DeFi protocol in the Ton ecosystem, how to play FIVA? ~ ~~~Next 🔸 Trailer 🔸~~~ We will focus on how to play PT: "Tun Coin Party Sneaking Skills: How to Use FIVA to Realize Future Earnings in Advance?" 》 ~~~Experience 🔸 it now 🔸~~~ If you can't wait to experience #Fiva, you can: (1) TG version: (2) Web version: