• Home
  • News
  • AMA’s
  • Calendar
  • Tutorials
  • Videos
  • Advertising
  • Contact Us
  • Disclaimers
    • Careers
    • About BSCTimes
    • Privacy Policy
    • CCPA
    • DMCA
    • Terms of Use

Featured Articles

News

Robinhood Promotes Scam Token on BNB Chain

January 27, 2023By BSCTimes2 Mins Read
News

BUSD Sees Large Market Cap Decrease

January 26, 2023By BSCTimes2 Mins Read
News

Binance Holds User Funds and Reserve Tokens in Exchange Wallet

January 24, 2023By BSCTimes1 Min Read
News

Uniswap Poll Shows Overwhelming Support to Move to BNB Chain

January 23, 2023By BSCTimes2 Mins Read

Subscribe for Updates

Get the latest cryptocurrency news, information and updates.

Tuesday, January 31
Latest
  • Robinhood Promotes Scam Token on BNB Chain
  • BUSD Sees Large Market Cap Decrease
  • Binance Holds User Funds and Reserve Tokens in Exchange Wallet
  • Uniswap Poll Shows Overwhelming Support to Move to BNB Chain
  • Binance Makes Strict Rules for NFT Listings
  • Uniswap Voting to Deploy on BNB Chain
  • Anonymous Crypto Wallet Moves $50M of Ethereum to Binance
  • Universities in the Philippines to Offer Bitcoin and Crypto Services with Binance
  • Voyager Hoping to Expedite Binance Takeover
  • Binance Partners with Mastercard to Launch a Crypto Prepaid Card in Argentina
Twitter YouTube Reddit RSS
BSC🔶Times BSC🔶Times
Switch to PolygonTimes
  • Home
  • News
  • AMA’s
  • Tutorials
  • Token Prices
  • Get In Touch
    • About BSCTimes
      • Contact Us
      • Careers
    • Advertising
      • Press Kit
    • Publisher Center
      • Cart
      • Checkout
    • Disclaimers
      • Cookie Policy
      • Privacy Policy
      • CCPA
      • DMCA
      • Terms of Use
BSC🔶Times BSC🔶Times
Home»News»BSC News»Venus Farms Paused on Beefy and Autofarm- Withdraw Funds
BSC News

Venus Farms Paused on Beefy and Autofarm- Withdraw Funds

Venus Farms Paused on Beefy and Autofarm
BSCTimesBy BSCTimesApril 20, 20212 Mins Read
pause
Share
Reddit Twitter Email Facebook

Autofarm and Beefy have announced they are pausing deposits and urging people to withdraw funds on any Venus vaults due to the V2 upgrade causing chaos among yield-farmers.

Multiple people are reporting they are losing money on Autofarm due to the fees and even running into trouble withdrawing their funds. Autofarm and Beefy leverage your Venus deposits to maximize APY but this leaves users deposits susceptible to the withdrawal fee change implemented in the Venus V2 upgrade. Beefy has paused the vaults since yesterday allowing people to withdraw funds without the loss from fees.

The Autofarm Announcements Telegram channel released a message saying “Due to Venus protocol’s introduction of additional fees, our Venus vaults will be stopped. Please withdraw from all Autofarm Venus vaults.”

Beefy.Finance Announcements- “Beefy Venus v1 vaults have reach end of life due to Venus vTokens update in 24h. If you have assets in a red vault, you can either wait for a future update which could happen in a week or 2 or migrate to another available vault for this asset. Gas has been optimized for users who wishes to withdraw now. All funds safu , obviously.” 

Beefy’s Twitter also posted an update with some more information on the reasoning behind the sudden change. “After discovering that Autofarm Venus contracts aren’t prepared for Venus fee upgrade we decided to pull out all Beefy user assets from affected contracts. If you staked into Venus (Auto) Beefy vaults your funds are SAFU now, but not accruing interest.”

Updated to clarify Beefys actions to mitigate losses.

Be sure to stay up to date on breaking news by visiting BSCTIMES.com

Join @BSCTimes on Telegram
autofarm beefy Venus Vaults yield farm

Related Posts

BSC News

JetSwap.Finance Unveils New $SHIB-$BNB Farm on BSC

November 5, 2021By BSCTimes
Read More
BSC News

Moonpot.com: The DeFi Alternative to Banks

July 24, 2021By Ranjan Yadav
Read More

Comments are closed.

en English
af Afrikaanssq Shqipam አማርኛar العربيةhy Հայերենaz Azərbaycan dilibe Беларуская моваbn বাংলাbg Българскиca Catalàzh-CN 简体中文zh-TW 繁體中文hr Hrvatskics Čeština‎da Dansknl Nederlandsen Englisheo Esperantotl Filipinofi Suomifr Françaiska ქართულიde Deutschel Ελληνικάgu ગુજરાતીht Kreyol ayisyeniw עִבְרִיתhi हिन्दीhu Magyaris Íslenskaig Igboid Bahasa Indonesiaga Gaeligeit Italianoja 日本語kn ಕನ್ನಡko 한국어ku كوردی‎lo ພາສາລາວla Latinlv Latviešu valodalt Lietuvių kalbalb Lëtzebuergeschmk Македонски јазикms Bahasa Melayuml മലയാളംmr मराठीmn Монголmy ဗမာစာne नेपालीno Norsk bokmålps پښتوfa فارسیpl Polskipt Portuguêspa ਪੰਜਾਬੀro Românăru Русскийsm Samoansr Српски језикsd سنڌيsk Slovenčinasl Slovenščinaso Afsoomaalies Españolsu Basa Sundasw Kiswahilisv Svenskata தமிழ்te తెలుగుth ไทยtr Türkçeuk Українськаur اردوuz O‘zbekchavi Tiếng Việtcy Cymraegyi יידישyo Yorùbázu Zulu

Featured Articles

News

Robinhood Promotes Scam Token on BNB Chain

January 27, 2023By BSCTimes
News

BUSD Sees Large Market Cap Decrease

January 26, 2023By BSCTimes
News

Binance Holds User Funds and Reserve Tokens in Exchange Wallet

January 24, 2023By BSCTimes
News

Uniswap Poll Shows Overwhelming Support to Move to BNB Chain

January 23, 2023By BSCTimes
BSC🔶Times
  • Homepage
    • News
      • AMA’s
        • Tutorials
  • BSCT Twitter
    • BSCT YouTube
      • BSCT Telegram
        • BSCT Reddit
          • BSCT Google News
  • Advertising
    • Publisher Center
      • Checkout
        • Cart
  • Disclaimers
    • Privacy Policy
      • Cookie Policy
        • Terms of Use
  • About BSCTimes
    • Contact Us
      • Press Kit
Copyright © Crypto Times Network 2023. All Rights Reserved.
BSCTimes.com | PolygonTimes.com

Type above and press Enter to search. Press Esc to cancel.