#algofam
Some updates regarding the sunset of #GARDProtocol on #Algorand. Details on protocol updates, IP restrictions and more.
More here: https://t.co/jsDEYuAD6k
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 ๐
https://t.co/T22Iiw3k6t
๐จ#algofam๐จ
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: https://t.co/2jgmRMruRq
#algofam
Thank you everyone who joined our #TwitterSpaces this afternoon ๐
Don't forget to vote in #Algorand governance ๐
Get Started: https://t.co/T7Li7B44MR
Learn more about the Period #8 measures on the ballot: https://t.co/gcoKNZYuSz
#AlgorandDeFi#ALGO $ALGO
Mark your calendars for Wednesday, September 6th @ 1pm ET for our monthly #TwitterSpaces๐
We'll talk shop about #Algorand governance, decentralized stables and the future of #AlgorandDeFi
1 lucky winner will get 20 $ALGO ๐ฐ
https://t.co/CvWzOg3x9E
#algofam#DeFi $GARD #ALGO
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.
#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.
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.
Mark your calendars for Wednesday, September 6th @ 1pm ET for our monthly #TwitterSpaces๐
We'll talk shop about #Algorand governance, decentralized stables and the future of #AlgorandDeFi
1 lucky winner will get 20 $ALGO ๐ฐ
https://t.co/CvWzOg3x9E
#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.
https://t.co/IuLSMXvFx7
๐จFellow GARDIANS๐จ
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! ๐
More here: https://t.co/ezomTcer8A
#Algorand#AlgorandDeFi $ALGO $GARD
Join us on August 2nd @ 1pm ET for our monthly #TwitterSpaces ๐
We'll talk shop about #Algorand governance, how to maximize utility of $gALGO, and the future of #AlgorandDeFi
1 lucky winner will get 20 $ALGO ๐ฐ
https://t.co/9jIJaz6hmW
#algofam#DeFi $GARD #Staking#ALGO
๐จEarn Your Share - GARD's Targeted DeFi Rewards๐จ
It's simple, support #Algorand's top stablecoin, $GARD, and earn healthy #DeFi rewards from @AlgoFoundation ๐ธ
If you have $USDC, $ALGO, or $gALGO... put your ASAs to work and earn ๐ฐ๐
Learn more ๐ฆพ: https://t.co/52OPsN9NE2
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 ๐ฐ
Visit @pact_fi, @HumbleDefi or @FolksFinance for targeted #DeFi rewards from @AlgoFoundation and help support #Algorand's leading stablecoin ๐
๐ 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. ๐ช @AlgoFoundation
Check out our infographic ๐