yearn Re-poster
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yearn Re-poster
vision https://t.co/MOAiJfpUMm - docs https://t.co/HaUkJiVSAH - discord https://t.co/A8mg4Egqyf
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While a substantial TVL often serves as a strong indicator of user trust, underlying circular dependencies can make a system much more brittle than it seems on the surface. Certain protocols manage to artificially inflate their Total Value Locked by 10x by generating phantom value. They accomplish this through circular leverage, which essentially traps and recycles the same capital in a continuous loop. Even though this tactic might closely resemble organic growth, it ultimately produces a highly fragile environment. Here is a closer look at exactly how the risk team at Yearn manages to detect these hidden issues.
Our collaboration with @DeFiSaver for the Yearnament last week turned out to be a complete triumph. The entire gathering featured an excellent location, a wonderfully positive atmosphere, and some truly outstanding chess. We want to extend our sincere gratitude to @ethbelgrade for making it all possible.
Operations across all Yearn Vaults are proceeding normally without any interruption. We want to assure our users that none of these vaults carry any exposure to the MAMO token or the Moonwell lending markets.
Please rest assured that Yearn is completely unaffected by the market manipulation events involving reUSD that took place today. Because we hold absolutely zero exposure to either reUSD PTs or reUSD itself, this incident has had no impact on our platform.
Our team is monitoring the ongoing situation very closely. Additionally, we are actively putting safeguards into action to guarantee that this specific type of manipulative behavior cannot occur within our own markets.
Our team is monitoring the ongoing situation very closely. Additionally, we are actively putting safeguards into action to guarantee that this specific type of manipulative behavior cannot occur within our own markets.
Please rest assured that all funds deposited into standard Yearn vaults remain entirely safe and completely unaffected. Our team is fully informed regarding the exploit targeting the vault contracts of Term Finance. Even though Term Finance bases its contracts on the V3 architecture from Yearn, the breach was carried out through a customized governance wrapper surrounding their specific vaults. Because this attack vector relies on that unique wrapper, it simply does not apply to standard Yearn vault setups.
It is well understood that bridges present inherent vulnerabilities for any blockchain initiative. Because of this, the team at Yearn carefully monitors the specific bridge risks associated with our active strategies. Our detailed oversight encompasses 23 distinct bridge dependencies spanning 5 different bridge architectures. Rather than stopping at the surface level, we dive much further into the details by thoroughly evaluating the individual configurations of each bridge. Here are a few noteworthy insights we uncovered during our investigation:
If you are making your way to the @ethbelgrade conference, bypassing the Yearnament would be a truly missed opportunity. We warmly welcome you to participate alongside our team and @DeFiSaver. Secure your place with us today by visiting https://luma.com/u9tfbx6a
Our team has adjusted the yvUSD locker bonus to 10% following our continuous observation of current demand and broader market conditions. Moving forward, we are committed to regularly reviewing this rate to ensure an optimal locker bonus is maintained while yvUSD progresses and matures.
A fresh supply of KAT rewards has just landed on the Katana platform. Participants will be pleased to know that extra KAT incentives have recently been distributed to replenish the WETH, USDC, and USDT vaults.
White to move, mate in 3. Do you see it anon? 👀
No Yearn vaults or strategies have direct exposure to Resolv's USR.
Any strategies with potential indirect exposure have been de-allocated from. Due to current borrowing costs, yvUSD loopers are being de-levered as needed.
We are continuing to monitor the situation closely.
Any strategies with potential indirect exposure have been de-allocated from. Due to current borrowing costs, yvUSD loopers are being de-levered as needed.
We are continuing to monitor the situation closely.
When preparing a comforting meal, you will find that utilizing a more mature chicken consistently results in a remarkably superior stew.
Get ready for YEARNAMENT ROUND 2: CHESS, arriving in Cannes on April 2.
The tournament kicks off at 10am at Le Hive, situated at 1 Rue de Metz, 06400 Cannes, France. This is a fantastic opportunity to challenge Yearn's own @bl4ckb1rd71 over the board. Beyond the matches, you can also catch him delivering a talk and participating in multiple discussion panels during the Vault Summit.
To join the event, please submit your details via https://t.co/avgi9EYLMT. Keep in mind that completing the online registration will not secure your entry. Spots are granted exclusively to the initial 30 people who arrive onsite.
The tournament kicks off at 10am at Le Hive, situated at 1 Rue de Metz, 06400 Cannes, France. This is a fantastic opportunity to challenge Yearn's own @bl4ckb1rd71 over the board. Beyond the matches, you can also catch him delivering a talk and participating in multiple discussion panels during the Vault Summit.
To join the event, please submit your details via https://t.co/avgi9EYLMT. Keep in mind that completing the online registration will not secure your entry. Spots are granted exclusively to the initial 30 people who arrive onsite.
Latest Update on Katana Strategies
We are happy to announce some recent developments for our community. Both the Katana yvvbBTC and yvvbWETH vaults have officially been upgraded with fresh Lender borrower strategies. As a direct result of this integration, users depositing WBTC and vbWETH can expect to receive improved underlying yields, in addition to earning higher KAT rewards.
We are happy to announce some recent developments for our community. Both the Katana yvvbBTC and yvvbWETH vaults have officially been upgraded with fresh Lender borrower strategies. As a direct result of this integration, users depositing WBTC and vbWETH can expect to receive improved underlying yields, in addition to earning higher KAT rewards.
Attention yETH creditors, the recovery interface has officially gone live. You are now able to select whether to opt in or out of the recovery vault.
New looping opportunity! There is a new @spectra_finance fixed yield position available for our @katana USDC vault paying 8% with a 4% borrow cost.
The pool has limited liquidity for this trade, so you may be able to outmaneuver the big boys. But you will have to be quick!
The pool has limited liquidity for this trade, so you may be able to outmaneuver the big boys. But you will have to be quick!
Are you utilizing Yearn?
It is essential to acknowledge the genuinely honorable people within our community. We are sending another round of applause to the @dinero_xyz and @plumenetwork teams for their proactive support. They stepped forward with an offer to help and ensured they delivered on that promise to aid their fellow DeFi builders. Nothing can truly replace the value of integrity.
It is time to pay close attention to yYB, as they are currently generating impressive momentum.
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