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algofi

r/algofi

Hot New Top Rising

Hot New Top

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pinned by moderators

Posted by

Dev

1 year ago

2

r/algofi Lounge

47

321 messages

Live Chat

31

Posted by

Dev

4 months ago

Voting session 1 has been announced

31

6 comments

3

Posted by2 days ago

Borrowing Algo instead of USDC to avoid Liquidation?

Question

Hi -

I saw a comment the other day, someone said they borrow algo and sell for USDC to avoid liquidation risk.

Can someone explain how you avoid liquidation if you do that instead of straight up borrowing USDC?

Thanks !

3

12 comments

0

Posted by2 days ago

Algofi is incredibly slow

General

Algofi just took a whopping 17 seconds to load on my android phone. I know it's been getting worse over the recent couple months but this is almost unusable. Hope it can be fixed soon because i algofi has so much potential. (I have tried changing nodes.)

0

7 comments

16

Posted by

Dev

3 days ago

Reminder Collateral Factors for STBL2/goBTC, STBL2/goETH, and STBL2/ALGO will be reduced by 33% tomorrow at 12pm EST

Hi all. As per the approved Lending Pool Collateral Factor Adjustments proposal, collateral factors for STBL2/goBTC, STBL2/goETH, and STBL2/ALGO will be reduced by 33% tomorrow at 12pm EST. Please refer to the schedule below for future adjustments as covered by the proposal.

https://preview.redd.it/z0qte70hfq1a1.png?width=629&format=png&auto=webp&s=fe90980f417221eeeeaad64c2f75871603f2872d

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3 comments

2

Posted by3 days ago

coinbase integration not working?

Question

Trying to purchase algo through the coinbase integration but isnt allowing me to enter a value to purchase. Anyone else? Tried it on laptop and mobile devices

2

0 comments

5

Posted by3 days ago

What are the benefits of using STBL2 in AlgoFi?

Question

There is an inherent risk with STBL2 as it is not as liquid as other assets. There is only the nano pool. Also using it instead of USDC as the default option just causes splitting the pools liquidity. Most users don't have STBL2 and the conversion is just an extra cost and hastle. So, I'm wondering whether the benefits of introducing STBL2 outweighs its cost and risk.

5

7 comments

About Community

DeFi that scales. Built on Algorand. YC S21. Earn interest, borrow, and trade your crypto.

Created Aug 16, 2021

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