gard.algo

#algofam Some updates regarding the sunset of #GARDProtocol More here: algogard.com/news/gard-suns…

#algofam Some more updates and important dates related to #GARDProtocol on #Algorand. More here: algogard.com/news/gard-suns…

#algofam Some updates regarding the sunset of #GARDProtocol on #Algorand. Details on protocol updates, IP restrictions and more. More here: algogard.com/news/gard-suns…

After the unfortunate news of the @algogard protocol winding down its operations, we've shared on the Folks Forum a plan to allow users to withdraw their $GARD deposits on Folks Finance before Gard's sunset event. Check it out 👇 forum.folks.finance/t/gard-sunset-…

🚨#algofam🚨 We have some unfortunate news to share regarding the GARD Protocol. After a lot of reflection, the team has recently come to the unfortunate decision to wind down the protocol. More here: algogard.com/news/gard-suns…

#algofam Thank you everyone who joined our #TwitterSpaces this afternoon 🚀 Don't forget to vote in #Algorand governance 🏛 Get Started: gard.money Learn more about the Period #8 measures on the ballot: governance.algorand.foundation/governance-per… #AlgorandDeFi #ALGO $ALGO

We're live now! 👇

Join us today for our #TwitterSpaces at 1pm ET 🚀 Also, don't forget to vote in #Algorand governance this period: gard.money 🦾 #AlgorandDeFi #ALGO $ALGO $GARD #GARD

UPDATE: Pricing data is continuing to work as expected. The team has also collaborated with the user who unwittingly experienced the issue. The user was trying to loop (gain leverage) on their position without a full understanding of what they were doing. This confusion was compounded by the inflated pricing data relayed by the previous oracle. The issue has been resolved and the funds the user obtained after liquidating the GARD have been recovered. The GARD team will repay the bad debt from this incidence as quickly as possible given the recovered funds were in ALGOs and significantly less than the GARD borrowed (slippage). The GARD team is committed to transparency and has shared all relevant information with the community as soon as possible to help it's users make educated decisions. No user funds on the GARD dApp were affected.

UPDATE: The oracle that was being used provided inflated pricing data for a brief moment. As a result, one user was able to borrow more $GARD than they should have been able to for the amount of collateral supplied. As a result, #GARD is now relying on @FolksFeedOracle. Updates will be shared when possible.

#algofam In the last 24 hours, a user created a CDP leaving bad debt. The situation is actively being looked into. Out of an abundance of caution, users may remove liquidity from DEXs. Updates will be shared when possible.

Mark your calendars for Wednesday, September 6th @ 1pm ET for our monthly #TwitterSpaces🚀 We'll talk shop about #Algorand governance, decentralized stables and the future of #AlgorandDeFi 1 lucky winner will get 20 $ALGO 💰 twitter.com/i/spaces/1DXxy… #algofam #DeFi $GARD #ALGO

$ALGO #FUD How do @CryptoWendyO @AltcoinDailyio @davidgokhshtein @WhaleChart & dozens more randomly post @ the same time... @Algorand + Clinton "news" (6 months old)? negatively spun. Most don't even give a link to the article so you can educate yourselves. Please don't let anyone think for you. DYOR. prnewswire.com/news-releases/…

🚨Fellow GARDIANS🚨 We have some important announcements you all should be aware of including GARDIAN V2 updates, upcoming IP restrictions, and what to look forward to ahead! 🚀 More here: algogard.com/news/gard-impo… #Algorand #AlgorandDeFi $ALGO $GARD

We're live now! 👇

#algofam Don't forget to tune in on August 2nd @ 1pm ET for our monthly #Twitter Spaces! 👇👇👇

🚨Earn Your Share - GARD's Targeted DeFi Rewards🚨 It's simple, support #Algorand's top stablecoin, $GARD, and earn healthy #DeFi rewards from @AlgoFoundation 💸 If you have $USDC, $ALGO, or $gALGO... put your ASAs to work and earn 💰🚀 Learn more 🦾: algogard.com/news/how-to-ea…

Hey #algofam If you have $ALGO, $gALGO, or $USDC you're only a few steps away from acquiring $GARD and earning a juicy staking APR 💰 Visit @pact_fi, @HumbleDefi or @FolksFinance for targeted #DeFi rewards from @AlgoFoundation and help support #Algorand's leading stablecoin 🚀

@FolksFinance @pact_fi @wormholecrypto @AlgoFoundation 🦾

🚀 Lending Pools APYs have taken off! Today, we'd like to provide more insight into how, together with @pact_fi @wormholecrypto & @algogard, we have incentivized deposits into Lending Pools with the Targeted DeFi Rewards. 💪 @AlgoFoundation Check out our infographic 👇