More Yield Incoming — We are increasing the Vault cap on ETH and Stablecoins
We bring you great news.
On 4th May (what a glorious day), YOP had its Public debut. Anyone can use yop.finance to deposit their ETH, BTC stables in just three clicks, then stretch back and watch their crypto grow.
The technical release went without any major issues, and we were only around two minutes late from the regular schedule. Shoutout to John, Gary, Alan, Wei and all those amazing builders behind the stage who did an amazing job around the vaults and made the entire process work like magic.
But the best came rather unexpectedly.
In less than 72 hours after Public launch, we discovered the Vaults were almost filled. At the time of writing this:
- USDC Genesis is 72% filled
- Ethereum Genesis is 86% filled
- DAI genesis is 100% filled
- Bitcoin Genesis is 100% filled
- USDT genesis is 73% filled
This level of interest by our community surprised us and sort of left us... well, without a plan 🤔
Therefore, we have decided to let our community decide on what next. We went out and asked other YOPies whether we should increase our vaults capacity just a week after the initial launch.
The response has been a resounding YES!
You demanded and we listened!
[🥁 please]: Today at 2 pm UTC, the caps across all Vaults on yop.finance will increase as follows:
· USDC Genesis: 50% increase, from $100,000 to $150,000
· Ethereum Genesis: 50% increase, from 102 wETH to 153 wETH
· Bitcoin Genesis: 50% increase, from 5 wBTC to 7.5 wBTC
· DAI Genesis: 50% increase, from $100,000 to $150,000
· USDT Genesis: 50% increase, from $100,000 to $150,000
In a nutshell, all our vaults are doubling in capacity, which means you get another opportunity to park your crypto in one of the Vaults and snatch a part of those amazing APYs.
Suggested action steps:
👉 Keep an eye on that clock for the 2 PM UTC Vault cap increase, and be among the first to deposit your crypto
👉 Boost your APY up to an explosive 10x by locking an appropriate amount of YOP tokens on app.yop.finance under the Lockbox tab and the apply the appropriate APY booster under the Boost tab.
More YOP to you 😉