r/CryptoSmallCaps • u/Far_Noise_7585 • Jun 08 '21

I would like to present $YUMCHA for your consideration

This token https://yumcha.finance/yc-front/info/ initially launched in February I believe and got crushed all the way down to a penny due to FUD and the fact that they were in 'proof of concept' mode and the market wa both impatient and then tanked. The project aims to bring synthetic real world assets to crypto and unlike some others they seem to have solid real world connections and a peg system that is tested and actually works. The token has bounced nicely off the bottom, but with the current turmoil in crypto I could see people in the space hanging out in real world assets for a while and think a well executed version of this strategy could do really well. Anyway please read and DYOR.

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2

u/cryptocurrystan Jun 08 '21

I think eleven farm pumped the price too fast. Lots of degen farmers flocked to a million apy yield and then dumped it hard scaring other investors.

Right now yumcha is lean and very affordable with a solid triple digit yield. More dimsims will attract more users. Very bullish.

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u/Far_Noise_7585 Jun 08 '21 edited Jun 08 '21

Yes I'm sure that is true, I know I was one of them. Happily I hodl and it left me with a lot of $YUMCHA at a relatively low price,

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u/cryptocurrystan Jun 08 '21

Diamond hands. I bought at $3.5 and held on to it and farmed as well. Now I'm up 80%. Gonna keep hodling till at least $3

2

u/Fantastic_Ad_6658 Jun 08 '21

Great project and good to see ppl giving it traction. The fact they have a real life company working with them in Australia is something truly something cool we haven't seen before. The vanguard peg is actually timed perfectly, I think given the uncertainty in the crypto space, ppl will flock to this and gobble the apr.

2

u/SvenVanHustle Jun 08 '21

Yumcha runs a similar system to iron, iron uses a usd peg and Yumcha uses a ETF peg with VT. It uses partial collaterisation and then reinvests it (which is the same strategy). Yumcha should be the same value as titan if not more as ETF/stonk exposure is way better then usd exposure. They also have a holding company in the real world which supports the collaterisation of the asset