We're beyond excited to announce the release of YieldBlox's public testnet beta! DeFi on Stellar is going to be a gamechanger for the ecosystem, and we can't wait to show it off!🎆🌱
The first YBX airdrop will be paid out in 10 minutes! This also means that YBX will finally begin trading on the DEX! Congratulations to everyone who qualified 🎉🎉
If you have questions on airdrop distribution please refer to this article:
We just finished Community Airdrop distribution
#1
( airdrop distribution 3/6)! 🎉
Please note, the airdrop was paid out using claimable balances. All recipients have 2 weeks to claim their airdrop otherwise it will be sent to the staking pool.
📢Our community spoke out, and we heard!
If you missed it, Day-Zero Staking will be reopened for the Community and Ecosystem Airdrops (1 & 3)! 🤩
No action needed if you're already signed up.
Sign up here:
You are breathtaking! ❤️
Within just a few hours, you have voted with 30M+ AQUA using our new liquidity voting tool:
We are excited to tell you that tomorrow, December 7, market rewards will be adjusted to align with your decisions. Stay tuned!
The news of on-chain smart contracts to the Stellar Network brings a new focus to the YieldBlox Protocol.
Read our article for the latest status update:
Reminder!
Tomorrow at 4pm ET, the first YieldBlox governance call will be held in our discord! 🎉🎉
We will discuss which assets will be initially listed in the YieldBlox lending pool and their risk parameters. All are welcome to participate!🌱
Discord:
Our CEO
@markus_0_
is coming up next on
@StellarOrg
#Meridian2021
!
See him and others speak on how the Stellar Development Foundation invests in what their community is building!
The YieldBlox testnet web app will go live tomorrow afternoon (CST) and be accessible on the YieldBlox landing page.
In the meantime, check out the protocol documentation and hop into our discord!
1/ Today, we've reached an important milestone.
#Protocol20
and smart contracts are now live on Mainnet!
The
#Stellar
network just upgraded to Protocol 20, the most transformative upgrade to the Stellar network to date, marking the beginning of a new era for the network.
The
@StellarOrg
ecosystem is building to solve this exact problem! Really shows how
#xlm
uniquely fits into the blockchain space with its focus on equitable economic access. Participation should be a right not a privilege.
@yatreda
How easy is it for Ethiopians to get small amounts of ETH to start participating in the ecosystem? I feel like the crypto ecosystem focuses a lot on channels to get $10000, but much less on easy ways to get $40.
Reminder for those getting a YBX airdrop reward:
Day-Zero Staking signup closes at 28 October 11:59PM UTC! 👀⏱
Update your Day-Zero Staking status at the link below!
#YBX
#StellarFam
📢Reminder:
Our second governance call discussing YGP-PL002: Proposed YBX Issuance (Rate) will be held on our Discord tomorrow at 4 PM EST.
All are welcome to join! 😁
Discord:
LIVE YieldBlox is a
#DeFi
protocol for lending and
#FX
forwards built on
@StellarOrg
! Brings functions for lending, borrowing, margin accounts, FX forwards, & staking. Ten random LIVE members ca will win an exclusive ScripTee
#YBX
#XLM
@script3official
📢Reminder:
Our second governance call discussing YGP-PL002: Proposed YBX Issuance (Rate) will be held on our Discord tomorrow at 4 PM EST.
All are welcome to join! 😁
Discord:
Recipe for a delicious lending primitive:
1. Sweet mechanism design✅
2. Crisp code and contract architecture✅
3. Killer audit from a top security firm✅
The incredible team at Certora just mixed in the 3rd ingredient!
Go checkout Blend testnet at
1/ We're happy to share our audit report for from
@script3official
Their team was exceptionally professional, responded quickly & shared knowledge as our first
@SorobanOfficial
project.
Some finding (all issues fixed): 👇🧵
The Stellar Community Seed Fund has finally wrapped up and our team is extremely happy with the outcome!
Congratulations to all the finalists and thank you to the community for all the support!
#xlm
#OBX
#YBX
#StellarFamily
Come listen TODAY at 10:30 AM PST as
@logicarbitrage
from SDF goes 1-on-1 with a supposed DeFi baby (
@markus_0_
)!?
Things are sure to heat up at ! 💥‼
We're gonna help make your app Sorobonkers 🦾
Script3 wrote and open-sourced a Soroban fixed-point math library a while back (used for Blend) - you should use it
This discussion starts in one hour! Don't miss out on an opportunity to shape YieldBlox's future! 🎆🌱🎆
The official governance proposal can be found here:
Reminder!
Tomorrow at 4pm ET, the first YieldBlox governance call will be held in our discord! 🎉🎉
We will discuss which assets will be initially listed in the YieldBlox lending pool and their risk parameters. All are welcome to participate!🌱
Discord:
🚨GIVEAWAY🚨
SCRIPTEEs are now redeemable!
RT this in the next 24 hours and make sure you follow us for a chance to win a ScripTee NFT!
We’ll be giving away 10 of these tangible NFT-shirts!
#xlm
#script3
#StellarFamily
This discussion starts in one hour! Don't miss out on an opportunity to shape YieldBlox's future! 🎆🌱🎆
The official governance proposal can be found here:
Diving into this finding a bit more as it'll be a common issue for Soroban projects
We discovered BL-001 pre-audit and raised it with the Certora team to discuss mitigations. It's an unintuitive issue and affects EVERY smart contract app built on Soroban.
Here's the low-down:
2/ [Issue BL-001] We discovered that under specific flows the
@SorobanOfficial
resource limit is invariably hit, causing some code and underlying logic to be impossible to execute. this could have made liquidating user’s with a large number of positions impossible
Here’s a liquidation bot you can run to maybe make money off of the champions using Blend.
It uses
@paradigm
's Artemis framework (built for ETH searchers), so if you’re interested in running a searcher for Soroban, it’s a great starting point.
Next week voting begins for the Stellar Community Seed Fund. We're excited to share the first of four blogs highlighting this round's amazing finalists!
First up: Meet
@LitemintHQ
and
@script3official
@Guiller45318745
@samconnerone
Airdrop is coming next month!
After that, YBX will be tradable on the Stellar DEX!
An article going more in depth will pop up soon!
The documentation is currently being updated, so stay tuned for that.
The UI is still under development as well, so if you run into any bugs, file them as issues here:
🚨GIVEAWAY🚨
SCRIPTEEs are now redeemable!
RT this in the next 24 hours and make sure you follow us for a chance to win a ScripTee NFT!
We’ll be giving away 10 of these tangible NFT-shirts!
#xlm
#script3
#StellarFamily
@AdamBuzzard
This GitHub has all the tools you need to interact directly with the smart contracts, host a UI locally, or even deploy a different version of the UI
Things will get even easier post-direct-wallet-integrations
5/ This makes it easy for conscientious dev teams to profile their compiled contract functions on a test network before deploying to mainnet. At Script3 we see this as an absolutely necessary testing step and implore every team to carry it out.
Happy building!
@BennedictCrypto
Good question! Interest rates are demand-based, based on a utilization ratio equation.
See:
We will use AMMs once they're released, but they will be part of our staking feature:
4/ some of their processes fit inside resource limits but others don't. Imagine if liquidity pool deposit transactions were possible but withdrawal transactions weren't!? Thankfully, Soroban's Rust SDK has excellent testing tools for profiling smart contract resource costs
1/ Soroban's release is being carried out over multiple phases, with each phase increasing the limits on resources available to Soroban transactions in each block.
In other ecosystems, this would be like starting with a very low gas limit and gradually increasing it over time.
@Cgalda2
@StellarOrg
Fees are paid to turret providers in XLM. Processing smart contracts is extremely cheap for turrents so fees will likely be less than Stellar network fees (under 1/1000th of a cent).
2/ We use "resource limits" because Soroban uses a multi-factor resource model to provide more flexibility in pricing transactions than a single Gas variable would
Anyway, the result is the same, on Soroban's release, only a few, very small transactions will fit in each block