Yieldra Protocol
2.4K posts

Yieldra Protocol
@YieldraProtocol
An all in one DeFi ecosystem with trading, lending, launching and more! Staking pools live now: https://t.co/jggvLecd52




With the @BNBCHAIN Osaka/Mendel hard fork on April 28th, claiming rewards for the $SPS staking pool will not be validated. This is because the gas limit for individual transactions have been lowered to 16,777,216, which is lower than the required amount of gas required to process a claim. We are working on a fix for this so please stay tuned, thanks for your patience!


Recent contagion from the @KelpDAO exploit has spread across the DeFi ecosystem, with @VenusProtocol's Flux currently being hit with bank run level withdrawals. USDT on Venus Flux is now at 100% utilization with nearly $40million USDT locked as users are unable to withdraw. However, for users who are stuck, or even choose to deposit now, a nice 23.4% APR is up for grabs. As a user with funds stuck in Venus Flux, I did an investigation as to what collateral this USDT pool actually has, and there doesn't appear to be any bad debt or issues with the pool itself. The USDT is mainly overcollateralized by @maplefinance's SyrupUSDT, which to my understanding has not been affected by the recent exploit. (Please DYOR if you choose to deposit) Due to the recent exploit, people are exiting DeFi in the short term as confidence wanes. I saw a few users withdraw their USDT from Venus Flux and deposit straight to Binance. However, over the next few months confidence will likely return, and for those of us who believe in DeFi, we can enjoy higher than normal APRs while this contagion persists. If you do choose to chase high APRs, just understand that your funds may not be withdrawable for an unforeseen amount of time as panic may get worse across DeFi. This is why I decided not to ape the rest of my USDT in as I already have some stuck in there, despite believing there is nothing fundamentally wrong with the pool itself. Personally, I don't see this situation lasting more than a few days as borrowers will eventually close their positions due to high interest rates. However, due to the low peak interest on Venus Flux (operated by @0xfluid), liquidation may take months so we rely on users manually closing positions for now.




Just tried it. Push ups. Not proper form or speed, but the best I could do for now. I am 49. I challenge you to do better. 😉 (Unedited, no AI, straight from camera)





















