Yeet
Last updated
Last updated
describes itself as the premier ponzi of berachain. They plan to offer multiple "yeetarded" products and have already gone live with their and on testnet.
The game ends when the timer hits zero, but with every yeet, the timer resets to 1 hour. So, for the game to end, a full hour must pass without a single yeet.
The amount of $tBERA required to enter increases with every timer reset. This means the game starts with small entry amounts but can sometimes reach astronomical levels as the round progresses.
The amount of $YEET you receive depends on both your individual yeeting volume and the overall yeeting activity that day. On high-volume days, you can easily earn $YEET which is worth more than the $tBERA you originally invested.
A YeetBond is a token sale offered at a discount to the market price, with a short lock-up period of just a few days. Protocols can use YeetBonds to acquire any ERC-20 token, such as stablecoins or other strategic assets, while buyers can purchase protocol tokens at a discounted price.
By yeeting $tBERA into the , you enter a competition where the last yeet wins the entire pool. Additionally, there’s a smaller lottery pool that gets shared among 10 lucky players who yeeted $tBERA before the round ended. Each yeet counts as one ticket.
A percentage of every yeet is taxed. That's why, even if they don't win, players are with $YEET for each yeet they make.
If you don't want to risk your precious $tBERA, swap it to $YEET directly on an exchange (e.g. ) and it. This way you'll passively earn revenue from the taxed yeets.
The YeetBonds allows protocols and users to exchange tokens in a discounted, slippage-free, and permissionless way.
On the current testnet, only a few bonds have sufficient liquidity. As a result, the only bond that is available right now is the under the historical markets.
