How OffYield works, start to finish. 👨💻
You deposit USDG, and OffYield supplies it to a lending market where it earns interest, and that interest becomes your spendable balance.
Your card spends only that interest, so your deposit is never touched. Want your money back?
No shade to anyone caught today, this stuff is hard. But a lot of this comes down to custody and how funds are held.
OffYield keeps your deposit working inside the most established, battle tested yield protocols in DeFi, the card spends only the yield, and your principal stays
Did Avici just get hacked?
If you use @avici , check your account immediately.
Multiple user card balances appear to be getting drained to the same address:
solscan.io/account/FVNFzq…
With our product and token launching soon, we want to start opening up the backend and showing you how OffYield is actually built.
Here’s one rule from the money layer. We never use decimals, because computers round them wrong and small errors pile up until money quietly goes
Security is the foundation everything sits on.
So we've partnered with @ShieldifySec to audit the OffYield codebase, every contract and every path your money can take.
Don't trust, verify.
New audit partnership with @offyield 🤝
OffYield is the first neobank on Robinhood where your yield pays the bills, not you ☝️
Audit report coming soon!
