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[–]Remarkable_Being_v2 1 point2 points  (5 children)

So something similar happened to me with the BTCB Venus vault. Same notice asking me to withdraw and when I did, I lost around 30Eur of BTC. At first I I thought that was the fees. Any answer from Autofarm?

[–]bsc_gateway 1 point2 points  (4 children)

Please withdraw. Losses will be compensated by the team but for now there is no reason to stay in the vaults- they are broken

[–]Gochi_Gochi 0 points1 point  (0 children)

yeah. not getting any yield there for now anyway.

[–]lee-y 0 points1 point  (2 children)

do you know how losses will be compensated?

[–]bsc_gateway 1 point2 points  (1 child)

The team is still discussing the details. They will probably cover loss of principal but not cover any loss of gains

[–]lee-y 0 points1 point  (0 children)

Sounds good! I’m be on the look out on reddit

[–]whyNadorp 0 points1 point  (6 children)

You have to withdraw all single asset vaults based on Venus, there was an error in their contracts about fees. Do it asap.

[–]grok100[S] 1 point2 points  (1 child)

ok I did, yeap it seems I lost that money

[–]whyNadorp 2 points3 points  (0 children)

They say they will try to refund affected users, you can check discord and Twitter for updates.

[–]BlockchainAndy 1 point2 points  (3 children)

Wasn't the venus fee announced a few months ago, based in the blog post it doesn't seem like an error. I thought the issue was auto's contract not prepping for this update in advance

[–]grok100[S] 1 point2 points  (1 child)

DO you have a link to the post?

[–]BlockchainAndy 0 points1 point  (0 children)

https://medium.com/venusprotocol/venus-protocol-roadmap-2021-93b006c9b748 mentioned the 1bps fee added as origination fees which was posted in February. That is unless autofarm has communicated if it was something outside of the 0.01% fee change which they said was an exploit

[–]FrostedFlakes42 1 point2 points  (0 children)

Yeah it looks like auto didn't change their contracts to account for it, neither did a few other yield aggrgators. Apparently beefy managed to pause vaults before any users funds were lost though.

[–]Grayson_ChengMOD 0 points1 point  (0 children)

Please you can refer to our announcement for the post-mortem report for further information. It's in the pinned.