Yama Finance 💹

💹💹💹 We're LIVE on Arbitrum!! 💹💹💹 Come leverage up to 17x on GLP or get double-digit yields on your USDT 💰🤑 yama.finance

Unfortunately, after almost a year of uptime and this month's run-in with jGLP liquidations, we've come to the internal conclusion that our current model isn't quite as robust as we'd like. We will be sunsetting Yama as you know it for a possible V2. You will have until March 22nd, 2024 to deleverage and withdraw all funds from the protocol. With that said, all Yama Finance users are strongly encouraged to deleverage and withdraw as soon as possible. This includes, but is not limited to, lenders, borrowers (e.g. people who leveraged up on MooGLP), YAMA holders, and people who deposited into any of the vaults (YPlvGlp, YsnrLLP, YSJGLP). Any funds still remaining in the protocol beyond that date have a high risk of being lost. The website at Yama.finance is scheduled to be shut down and so are the remaining liquidator bots operated by Ritser Labs, Inc. Do note that if you are withdrawing as a lender, you must convert the withdrawn YAMA into USDT using the "Swap" page. Please leave any comments/suggestions for improvements in ⁠our discord server, we love receiving feedback! We thank you all for your confidence in us, we built Yama with the vision of users being able to use positive sum defi tools to interact with the markets, we felt V1 was a resounding success in that regard. Thank you.❤️

Thank you so much for your patience, we've put together a Google Forms to facilitate the claims process for those jGLP/ysjGLP borrowers impacted by yesterday's events. This claims process will end March 12th, 2024. Please get your responses in before then. We suggest you fill out the form as soon as possible. Link to form: forms.gle/5coYdau9tM9TmB… If you have any questions or require any assistance, let us know.

Thank you so much for your patience and understanding, we've done a thorough analysis of the past day's events. jGLP holders were forcefully liquidated at 8:15am EST after the price oracle for said collateral type malfunctioned and returned incorrect prices. jGLP/ysjGLP borrowers were the only users liquidated and thus we do intend to make affected users whole. More details will be announced. We ask that mooGLP borrowers and USDT lenders withdraw from the protocol, these users seem to have not been directly affected by the liquidations. Please do not deposit any additional funds into the protocol. Thank you all for your patience❤️

Please do not deposit any money into Yama Finance as of this moment, we're currently investigating issues with our JGLP oracles and next steps.

jGLP with Arbitrum STIP rewards is now live as a new collateral type! ARB rewards are autocompounded on your behalf. This new collateral type has been added as $ysjGLP, you may now borrow against or leverage up to 7.6x! Max collateral APY currently @ 1218.95%💹

To note, as we head into our Scroll deployment $arb, $plvGLP, and $snrLLP collateral types are being depreciated due to sustained decreased usage. Please do not open any new vaults for said collateral types! 📜🔜

Wow! $GLP and $jGLP yields are insanely high right now at 25.13/42.69% respectively. Come leverage up on: 🫐 $GLP -> lvg up to 17x with collateral APYs reaching 451.6% 🤠 $jGLP -> lvg up to 7.6x with collateral APYs reaching 327.28%

Super excited to announce we're gonna be live on Scroll day one when they launch!📜 As always, come leverage up or borrow against: GLP/jGLP/snrLLP/plvGLP/ARB Or lend $USDT for juicy juicy yields! 💹

💹snrLLP yields have been updated to reflect recent changes with Level's rewards system! We're super bullish on 📜 and GMX v2 liquidity pools. What about you?

Those of you who've used our dapp in the past week might have noticed the ui makeover! We're always on the lookout for feedback and giving everyone the best Yama experience 🥰 Want to leverage up yield-bearing tokens or lend USDT? -> Yama remains the best place to do so!💹💹

Looking for places to earn real yields on your USDT? Yama USDT lending APYs are currently reaching 17%+💹 GLP yields have also spiked up back to 18%! 🫐Come leverage 17x on GLP or get even better yields with $jGLP🤠

s/o to @0xmakaveli for making our first dune dashboard! link - dune.com/sekomba/yama-f…

Exciting week ahead of us, expect to see Yama on a new chain very soon💜 As always, come leverage up: 🫐 $GLP -> lvg up to 17x 🤠 $jGLP -> lvg up to 7.6x 💚 $plvGLP - lvg up to 12.1x 💙 $ARB -> lvg up to 7.6x 🟨 $snrLLP -> lvg up to 15x

A little over 3 months ago I deposited 9k into @YamaFinance Now thats some real yield

Do you use our Tranches? 📊 @YamaFinance have integrated our Senior Tranche into their auto-compounding system! Check them out! 👇

Wrap your $snrLLP into $YsnrLLP here 👇 yama.finance/app/vaults

Yama Finance has created the first auto-compounder for Level Finance's senior tranche - $YsnrLLP!🔥 $YsnrLLP is now onboarded to Yama Finance as collateral! Borrow against your $YsnrLLP to get instant liquidity or leverage up to 15x to earn leveraged yields! 💹

Set a reminder for our upcoming Spaces this Friday 4pm EST with @CogFinance! 💹 🤝⚙️ twitter.com/i/spaces/1RDGl…