We’re thrilled to announce the launch of our 7th incentivization epoch!

1. Claim Your Rewards: If you’ve provided liquidity during one of our previous incentivization epochs, it’s time to claim your well-deserved rewards! Your efforts are appreciated, and you can find the Claim button in the app.leechprotocol.com. Rewards will be sent to the BNB chain. Ask us any questions in our community chat!
2. Boosted yields — 7th Epoch Details: Our 6th incentivization epoch for all pools (+25% APR per year) kicks off on Dec 7rd and extends until Dec 21st. To be eligible for yields, you must provide liquidity for one or more pools at the app.leechprotocol.com.
3. Withdraw Anytime: You can withdraw your liquidity at any time during the 6th epoch and be eligible for rewards in the proportion of days you provided liquidity.
4. Details: While you can withdraw your liquidity at any time, 100% of rewards can only be claimed after the conclusion of the 6th epoch of incentivization. To claim 100% of rewards, you must have provided liquidity for the entire 14-day duration. If you provided liquidity for fewer days, the proportion will be applied (e.g., 5 full days of liquidity provision will entitle you to 5/14 of the total reward).

Stay Updated! Join our community and follow us on social media if you don’t want to miss the next Incentivization Epochs and special prizes! Follow our Twitter for real-time updates, announcements, and exciting news about our platform.

What should you do next?

• Provide liquidity via our farming App
• Follow our Twitter for more DeFi and YieldFarming tips
• Join our Telegram for Daily Farming discussion
• Join our Discord to claim your roles and become an early community member

Website | Twitter | Discord | Telegram | Docs | GitHub

We’re thrilled to announce the launch of our 6th incentivization epoch!

1. Claim Your Rewards: If you’ve provided liquidity during one of our previous incentivization epochs, it’s time to claim your well-deserved rewards! Your efforts are appreciated, and you can find the Claim button in the app.leechprotocol.com. Rewards will be sent to the BNB chain. Ask us any questions in our community chat!
2. Boosted yields — 6th Epoch Details: Our 6th incentivization epoch for all pools (+25% APR per year) kicks off on Nov 23rd and extends until Dec 7th. To be eligible for yields, you must provide liquidity for one or more pools at the app.leechprotocol.com.
3. Withdraw Anytime: You can withdraw your liquidity at any time during the 6th epoch and be eligible for rewards in the proportion of days you provided liquidity.
4. Details: While you can withdraw your liquidity at any time, 100% of rewards can only be claimed after the conclusion of the 6th epoch of incentivization. To claim 100% of rewards, you must have provided liquidity for the entire 14-day duration. If you provided liquidity for fewer days, the proportion will be applied (e.g., 5 full days of liquidity provision will entitle you to 5/14 of the total reward).

Stay Updated! Join our community and follow us on social media if you don’t want to miss the next Incentivization Epochs and special prizes! Follow our Twitter for real-time updates, announcements, and exciting news about our platform.

Website | Twitter | Discord | Telegram | Docs | GitHub

We recently organized a comprehensive DeFi strategies workshop, supported by our friends from Web3Go, delving deep into yield farming, options trading, and funding fees arbitrage. This event was not just a casual meet-up; it was a thorough educational experience designed for both degens and newbies.

Our Esteemed Speakers:

1. Vlad Degen — LeechProtocol’s adviser, a DeFi Evangelist since 2019, Vlad brought his extensive knowledge and enthusiasm for decentralized finance.
2. Oleksandr Yaniuk — An Asset Manager in the crypto realm since 2015, offering insights into effective asset management strategies.
3. Dmitry Stepanov — A Serial Entrepreneur and Crypto Evangelist, sharing his experiences and innovative approaches in the crypto world.

Key Highlights of the Workshop:

• Yield Farming Insights:
• Evolution of farming post-DeFi summer (bribes, real yields, LSD strategies).
• Understanding yield sources during the crypto winter.
• Effective farming strategies for the current market.
• Preparing your portfolio for the next cycle.
• Options Trading Exploration:
• Basics of options and their growing significance.
• Strategies for hedging a portfolio using options, and their pros and cons compared to traditional spot and futures trading.
• Techniques for capitalizing on Bitcoin Halving.
• Funding Fees Arbitrage:
• Introduction to futures and their workings.
• In-depth look at perpetual futures, leverage, and funding fees.
• Identifying arbitrage opportunities and understanding their limitations and risks.
• Future prospects in bots and arbitrage opportunities.

A Word of Caution: This workshop was tailored for those already familiar with complex DeFi concepts like “Impermanent Loss” and the nuances between different versions of Uniswap. It was not an introductory course, and for those new to these concepts, it might have been a bit too advanced.

This event represented not just an opportunity to learn but also a chance to engage directly with some of the most experienced minds in the crypto industry, making it a truly invaluable experience for anyone deeply involved in DeFi.

Nothing discussed was the financial advice, and we urge everyone to do their research before engaging with any platform or service inside the DeFi ecosystem.

You can watch the LIVE translation of the event

Website | Twitter | Discord | Telegram | Docs | GitHub

We’re thrilled to announce the launch of our 5th incentivization epoch!

1. Claim Your Rewards: If you’ve provided liquidity during our first, 2nd, 3rd or 4th incentivization epoch, it’s time to claim your well-deserved rewards! Your efforts are appreciated, and you can find the Claim button in the app.leechprotocol.com. Rewards will be sent to the BNB chain. Ask us any questions in our community chat!
2. 5th Epoch Details: Our 5th incentivization epoch for all pools (+25% APR per year) kicks off on Nov 9th and extends until November 23rd. To be eligible for yields, you must provide liquidity for at least 2 weeks.
3. Withdraw Anytime: You can withdraw your liquidity at any time during the 4th epoch and be eligible for rewards in the proportion of days you provided liquidity.
4. Details: While you can withdraw your liquidity at any time, rewards can only be claimed after the conclusion of the 5th epoch of incentivization. To claim 100% of rewards, you must have provided liquidity for the entire 14-day duration. If you provided liquidity for fewer days, the proportion will be applied (e.g., 5 days of liquidity provision will entitle you to 5/14 of the total reward).

Stay Updated! To stay in the loop about all things LeechProtocol, join our community and follow us on social media. Engage with us on Twitter for real-time updates, announcements, and exciting news about our platform.

Website | Twitter | Discord | Telegram | Docs | GitHub

We’re thrilled to announce the launch of our 4th incentivization epoch!

1. Claim Your Rewards: If you’ve provided liquidity during our first, 2nd, or 3rd incentivization epoch, it’s time to claim your well-deserved rewards! Your efforts are appreciated, and you can find the Claim button in the app.leechprotocol.com. Rewards will be sent to the BNB chain. Ask us any questions in our community chat!
2. 4th Epoch Details: Our 4th incentivization epoch for all pools (+25% APR per year) kicks off on October 27th and extends until November 10th. To be eligible for yields, you must provide liquidity for at least 2 weeks.
3. Withdraw Anytime: You can withdraw your liquidity at any time during the 4th epoch and be eligible for rewards in the proportion of days you provided liquidity.
4. Details: While you can withdraw your liquidity at any time, rewards can only be claimed after the conclusion of the 4th epoch of incentivization. To claim 100% of rewards, you must have provided liquidity for the entire 14-day duration. If you provided liquidity for fewer days, the proportion will be applied (e.g., 5 days of liquidity provision will entitle you to 5/14 of the total reward).

Stay Updated! To stay in the loop about all things LeechProtocol, join our community and follow us on social media. Engage with us on Twitter for real-time updates, announcements, and exciting news about our platform.

Website | Twitter | Discord | Telegram | Docs | GitHub

We want to update our community about the incident with the USDR depeg, our immediate actions, and our plans for product development.

Due to a series of events not related to LeechProtocol, USDR stablecoin was depegged by over 50%. This affected our high-risk pool integrated with the wUSDR-USDC pool on Thena. We have taken immediate measures, closing deposits for the high-risk pool to prevent further losses for our users. We have also communicated this incident through official channels.

Our response involved swift action. We closed deposits for the high-risk pool to mitigate additional losses for our users. Transparency remains our priority, and we have informed the community about this incident through official communication channels.

We advise all the users who provided liquidity to the high-risk pool to open the ticket in Discord and be guided by our support team.

It’s important to note that only the high-risk pool was impacted by the USDR depeg. Our medium-risk, low-risk, and simple pools remain unaffected, as they are not associated with USDR.

Future Risk Mitigation Plans

Moving forward, we are committed to enhancing our risk management strategies. We are launching a new version of mixed pools, diversifying liquidity across multiple pools with varying risk levels. For example, a diversified mixed pool could reduce potential losses significantly in similar scenarios.

Additionally, we are developing an automatic risk-handling system. This system will monitor depegging incidents, provide rug pool protection, and track anomalous activities. If risky activities are detected, we will swiftly swap liquidity into stablecoins like USDC/USDT to protect our portfolio.

Recommendations for Future Risk Mitigation

We urge our community members to carefully assess their risk tolerance and have a robust risk management strategy. Thoroughly review protocol documentation, ensuring a deep understanding of the protocols you engage with. Early identification of potential risks and proactive mitigation steps are crucial in safeguarding your investments.

At LeechProtocol, your security and trust are paramount. We are dedicated to keeping you informed and safeguarding your assets. Thank you for your continued support and trust in our platform.

Website | Twitter | Discord | Telegram | Docs | GitHub

We’re thrilled to announce the launch of our 3rd incentivization epoch, bringing more opportunities for rewards and engagement. Here’s a quick rundown of what you need to know:

1. Claim Your Rewards: If you’ve been providing liquidity during our 2nd incentivization epoch, it’s time to claim your well-deserved rewards! Your efforts are appreciated, and you can find the Claim button in the app.leechprotocol.com. Rewards will be sent to the BNB chain. Ask us any questions in our community chat!

2. 3rd Epoch Details: Our 3rd incentivization epoch for all pools (+25% APR per year) kicks off on October 12th and extends until October 26th. To be eligible for yields, you need to provide liquidity for at least 2 weeks.

3. Withdraw Anytime: You have the freedom to withdraw your liquidity at any time during the 3rd epoch. We believe in empowering our users, allowing you to manage your assets according to your preferences.

4. Claiming Your Rewards: While you can withdraw your liquidity at any time, rewards can only be claimed after the conclusion of the 3rd epoch of incentivization. To claim 100% of rewards, you must have provided liquidity for the entire 14-day duration. If you provided liquidity for fewer days, the proportion will be applied (e.g., 5 days of liquidity provision will entitle you to 5/14 of the total reward).

Stay Updated!

To stay in the loop about all things Leech Protocol, make sure to join our community and follow us on social media. Engage with us on Twitter for real-time updates, announcements, and exciting news about our platform.

Website | Twitter | Discord | Telegram | Docs | GitHub

Leech Protocol, an automated 1-click yield farming app, is thrilled to announce its partnership with Yield Yak, revolutionizing the landscape of yield farming on Avalanche. Yield Yak, a cutting-edge toolkit designed for DeFi users on Avalanche, brings simplicity and efficiency to the complex world of yield farming.

With this groundbreaking collaboration, Leech Protocol’s algorithm takes charge, making yield farming hassle-free! Here’s how it works:

1️⃣ Seamless Liquidity Provision: Users provide liquidity effortlessly through https://app.leechprotocol.com, eliminating the need for manual bridging, swapping, or moving liquidity across platforms.

2️⃣ Smart Algorithm Integration: Leech Protocol’s advanced algorithm scans Yield Yak for the best Annual Percentage Rates (APRs) based on the user’s chosen risk level.

3️⃣ Automatic Allocation: Liquidity is automatically directed to Yield Yak when optimal conditions are met.

4️⃣ Continuous Optimization: If the APR decreases, the algorithm swiftly identifies the next pool with the highest APR, ensuring non-stop, high-yield returns for users.

Join the #easyDeFi movement today and experience the future of simplified yield farming. Leech Protocol and Yield Yak are bridging the gap between complexity and accessibility, empowering users to maximize their earnings effortlessly.

About Leech Protocol

Leech Protocol is the first automated cross-chain yield aggregator platform dedicated to simplifying the DeFi experience for users. Through easy-to-use algorithms and strategic partnerships, Leech Protocol provides seamless access to high-yield opportunities, making DeFi accessible to everyone.

About Yield Yak

Yield Yak is a comprehensive toolkit tailored for DeFi users on Avalanche. Leveraging advanced technology, Yield Yak optimizes yield farming strategies, ensuring users enjoy maximum profits without the complexity.

Follow Leech Protocol on Twitter and Yield Yak for the latest updates and announcements.

Website | Twitter | Discord | Telegram | Docs | GitHub

At Leech Protocol, the safety and security of our users’ assets have always been paramount. We’ve successfully conducted a second security audit with Hacken and thoroughly tested all functions with the help of our fantastic community members! We are now fully prepared to move ahead into the 3rd stage of launch with a maximum TVL of $1M per protocol and $30K per wallet allowance.

We are happy to share another major product updates:

1. Launch of the Medium risk pool (Velodrome V2 CHI/DAI pool supported)
2. The hyperincentivization period for all whitelisted users has been ended. Rewards are ready to be claimed using the “Claim reward button” for the period of hyperincentivization (August 25 — September 28). All rewards for this period can be claimed in USDC tokens. Rewards will be sent to the network selected by the user on the platform: BNB Chain, Avalanche, or Optimism respectively.
3. We are launching the second epoch of incentivization for all our pools (+25% per year). To be eligible for yields, you need to provide liquidity for at least 2 weeks.
4. The whitelist-only access was halted. The platform is now available for all users.
5. USDT/USDC selector for each pool was added. Deposits and withdrawals now can be made in both tokens for each chain.

Website | Twitter | Discord | Telegram | Docs | GitHub

We are delighted to share the latest update from the Yield Farming Academy, where knowledge meets opportunity. In Lesson 1, we had the privilege to educate 478 students who embarked on their journey to master the art of yield farming. For those who missed out, you can catch up by reading the lesson article here.

As part of our commitment to providing valuable insights, we’ve also shared five educational posts on Twitter to further enhance your understanding of crypto wallets and security:

1. Custodial and non-custodial storage of crypto: Learn the difference between custodial and non-custodial storage by checking out our post here.
2. Public key & address, private key & seed phrase: Gain insights into the fundamentals of public and private keys and seed phrases by visiting our tweet here.
3. How to choose a crypto wallet?: Read our tweet here to discover essential tips for selecting the right crypto wallet for your needs.
4. History of wallet hacks: Learn from the past to protect your assets in the future. Dive into the history of wallet hacks in our post here.
5. Tips for storing seed phrase: Safeguard your crypto investments with expert tips on storing your seed phrase securely. Find our advice here.

Additionally, we hosted an AMA session to address your burning questions and provide clarity on yield farming. You can revisit the AMA session by following this link.

Thank you for being a part of the Yield Farming Academy community. Stay tuned for more exciting lessons and insights to help you confidently navigate the world of yield farming!

Website | Twitter | Discord | Telegram | Docs | GitHub