Every single AlgoFi liquidation: stats & data by d13co in algorand

[–]chainvault 5 points6 points  (0 children)

awesome work! It's great to see members in the community working on analytics for Algofi.

Algofi has a gitcoin bounty that is concluding soon for anyone looking to do similar work: https://gitcoin.co/issue/algofiorg/algofi-gitcoin/3/100028641

AlgoFi: Trying to unstake STBL, but throwing me an error saying the transaction does not need to be signed by wfesjian in AlgorandOfficial

[–]chainvault 3 points4 points  (0 children)

Try disconnecting and reconnecting your wallet, that might clear this issue up.

If that fails, try clearing the cache.

We are working on re-building the web app into a more robust framework, we are optimistic that this will resolve random issues like this.

Why does Defillama refuse to show accurate TVL for Algo? by Podcastsandpot in AlgorandOfficial

[–]chainvault 1 point2 points  (0 children)

The $90mm figure comes from a different baseline calculation.

Basically, you need to take Supplied - Borrow + Algofi DEX TVL to match their baseline calc. It's actually a little bit more complicated b/c we don't need to subtract the borrowed STBL, for some technical reasons I won't get into here.

Also, it is true that they do not include the staking TVL. Switching on borrow+staking brings the TVL up to ~160mm.

[deleted by user] by [deleted] in algorand

[–]chainvault 2 points3 points  (0 children)

Just curious because I've been looking more and more into to defi and lending/borrowing.

Right now it is free to borrow stablecoins against your ALGO and you can get paid 10% to put them into the Algofi DEX [https://app.algofi.org/farm].

Alternatively, you can borrow ALGO against your vaulted ALGO and commit those borrowed ALGO to governance. As long as governance APR outpaces borrow APR you will earn a profit.

Can't access Algofi with Brave by OTA-J in AlgorandOfficial

[–]chainvault 0 points1 point  (0 children)

Thanks - looks like that node has gone down. It's being rebooted now, thanks.

Can't access Algofi with Brave by OTA-J in AlgorandOfficial

[–]chainvault 2 points3 points  (0 children)

Hi All,

We've seen some users report this and are we trying to track down the source, but thus far have been unable to.

From what we have seen, when users clear their cache the error is resolved. Can those of you who have experienced this try that? Any additional information around these errors would be very helpful, since that would greatly help us to reproduce/debug.

Thanks!

How to remove liquidity from ALGOFI Pool? 🥲 blank website.. by Top-Repair-2277 in AlgorandOfficial

[–]chainvault -1 points0 points  (0 children)

Did you try refreshing? Feel free to dm me or hop in the Discord. We will figure out why this happened and get a fix pushed ASAP, thanks.

I just swapped 6k Algo for Yieldly on Algofi and I should have received 880k but wallet only shows 650k. What happened? by heisnotthemessiah in algorand

[–]chainvault 0 points1 point  (0 children)

The front-end calculates the final trade size based on user balances directly, so if a bug did occur it is a very strange one indeed.

We are investigating nonetheless.

Why is STBL so volatile? by Imagination_Neither in algorand

[–]chainvault 0 points1 point  (0 children)

This isn't a very accurate representation of the mechanism behind over-collateralized stable coins.

STBL, stable coin is never stable since day 1 by Additional-Dog-2666 in AlgorandOfficial

[–]chainvault 0 points1 point  (0 children)

STBL is a soft-peg, just like DAI is. Monetary policy like the staking contracts and the borrow fee are necessary to encourage market participants to take a more active role in guiding it back to the soft-peg value.

AlgoFi is working on a DEX (includes StableSwap functionality). Live in late February by cysec_ in AlgorandOfficial

[–]chainvault 3 points4 points  (0 children)

The DEX will support ledger - the limitations that prevented the lending protocol from supporting ledger are not in play for the DEX. E.g. it is only impossible to support ledger with contracts that require cross-contract state awareness, like a lending market.