Today marks the launch of stacy.fi, the first Tezos staking platform to combine full staking rewards with instant liquidity — brought to you by youves and built on Acurast.

What Is stXTZ?

Liquid Staking Token

stXTZ is an FA2-compliant token representing your share of Tezos staking rewards. Each stXTZ token is backed by real, staked XTZ and can be redeemed or traded at any time.

Continuous Yield Accrual

As the stXTZ baking pool earns rewards, the XTZ backing each stXTZ slowly increases, the stXTZ token grow in value automatically.

Why stacy.fi?

The Tezos Paris B upgrade introduced a hard choice: delegate your XTZ for lower rewards and keep the XTZ liquid or stake for full yield — but then accept a four-day waiting period to unstake. This locked-fund model left DeFi users, who want to use XTZ in smart contracts in a bind. stacy.fi solves this by minting stXTZ when you stake, giving you liquid tokens that:

1. Accrue Full Rewards — Earn the same baking rewards as direct stakers (except for a fee of 10%).
2. Remain Tradable — Swap stXTZ <> XTZ instantly via our built-in CPMM pool.
3. Integrate Anywhere — stXTZ is FA2-standard, ready for use in any Tezos DeFi protocol.

How It Works

1. Deposit XTZ

• Via stacy.fi’s intuitive front end or directly through the pool contract’s deposit entrypoint.
• Pools your XTZ, stakes it, and mints stXTZ to your wallet at the current rate.

2. Earn & Grow

• Baking rewards flow into the staking pool, boosting the XTZ collateral behind every stXTZ.
• 90% of baking rewards compound directly for token holders; 10% is shared between the youves DAO and the node operator.

3. Redeem or Trade

• Redeem: Burn your stXTZ to unstake XTZ — withdrawals are claimable after four Tezos cycles (~4 days).
• Trade: Use our stXTZ/XTZ CPMM pool for instant swaps without waiting.

Under the Hood

• Staking Pool Contract: manages deposits, staking queues, and the minting/burning of stXTZ.
• FA2 Token Contract: issues stXTZ (token ID 0), fully compatible with Tezos DeFi.
• Manager Contract: secures signing with Acurast signers
• Baking Node: initially operated by Ubinetic AG, with plans to expand to an incentive driven, decentralized network of operators.
• Acurast signers: observe chain states, trigger atomic stake/mint and unstake/burn operations. Act as one staker towards the protcol

Security & Governance

• Thoroughly audited and tested by internal and external experts.
• Simplified contract logic to minimize risk.
• Governance-driven: The Youves DAO will control stXTZ parameters, fees, and future updates through on-chain votes.

Get Started Today

1. Visit stacy.fi
2. Connect your wallet (e.g., Temple, Kukai)
3. Stake your XTZ and start earning — while keeping full liquidity!

stacy.fi redefines Tezos staking: full rewards, no lockups, instant access. Welcome to liquid staking, reimagined.

Questions?

Check out the documentation or hop into the youves channels on Telegram or Discord.

Adapting to Change — The Impact of Tezos’ Paris Protocol Upgrade on the youves DAO Vote Periods ⁤

some explanations

Adaptability is an important aspect of DeFi protocols and as the Tezos network protocol self-updates, platforms built on Tezos needed to adjust in order to keep up with any changes where necessary.

A recent upgrade to the Tezos blockchain, is the Paris protocol upgrade. ⁤⁤This update reduced the average block time from 15 seconds to 10 seconds. ⁤⁤While this may sound like a minor tweak, it can have implications for DAOs that operate on Tezos. ⁤⁤youves is not left out since it is governed by a DAO. ⁤

Changes in block time as a result of the upgrade has affected youves YIP Stages durations. Currently the vote length is 28800 blocks. See DAO contract params here.

Understanding the Change ⁤

The Original Voting Periods ⁤

In DAOs, voting periods are vital for community members to discuss, and vote on changes.These periods allow everyone to vote their opinion of a proposal. Before the Paris protocol upgrade, durations were measured in blocks of 15 seconds.

A 5-day voting session can be estimated as 432,000 seconds (5 days x 24 hours x 60 minutes x 60 seconds), which equals 28,800 blocks (432,000 seconds / 15 seconds per block).

The Impact of Paris Protocol ⁤Upgrade

The Paris Protocol update reduced block time to 10 seconds. This boils down to a time span of 288,000 seconds (28,800 blocks x 10 seconds each block), or approximately 3.33 days. The reduction shortens all previously established voting periods by 33%.

Challenges With Shorter Voting Periods

Shorter YIP periods comes with several issues as outlined below:

• Shorter vote delay period: youves contributors have less time to ponder on proposal ideas putting pressure on voters and jeopardising the quality of governance.
• Reduced voter participation: It can also affect voter participation, resulting in YIPs not reaching quorum.

Next Steps

The community can submit a YIP to change the current blocks numbers in the governance params as defined here. For comments and feedback, kindly make your voice heard in the chats on Telegram, Discord or the youves forum.

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tzBTC, a wrapped version of Bitcoin on Tezos gives users access to Bitcoin and every BTC related transactions on Tezos’ decentralised applications. With its launch of the Version 2.0 tzBTC has become more accessible for people that are not bound to a financial organisation. On youves, tzBTC can be used as collateral for minting uUSD and uBTC. youves also features a flat curve pool for uBTC/tzBTC LP pair which enables two directional swaps for both tokens of the pair.

tzBTC 2.0 — What Has Changed?

tzBTC was introduced to the Tezos community in April of 2020. This introduction involved a minting a burning process for tzBTC facilitated by Keyholders and Gatekeepers. These independent institutions carried out this process ensuring security and doing due diligence by performing anti-money laundering checks. The process however had its shortcomings because it wasn’t cost effective which led to the 1:1 peg not kept due to lack of arbitrage opportunities. Furthermore the limited accessibility as well as the process of minting tzBTC was cumbersome since the process was manual.

The tzBTC 2.0 makes the process more efficient and cost effective by using the Acurast Trusted eExecution Environment to automate the minting and burning of tzBTC. This automation ensures security of the whole process and makes tzBTC to be readily available.

Relying on a Trusted Center Piece

A major role in the improvements of tzBTC plays Acurast, a solution that also is used by youves in various aspects, including minting and swaps. Recently, price feeds from the Acurast on-demand Oracle are being used to power the recently deployed USDt/tez target flat curve, concentrating liquidity at the target price of tez<>USDt.

On the tzBTC side, Acurast removes the friction encountered in the manual onboarding process (minting and burning of tzBTC) and automates it generally, providing speed while maintaining security.

Acurast is a decentralised serverless cloud, a game changer in how computation is done leveraging secure and decentralised mobile devices across multiple locations on the globe.

The Acurast Trusted Execution Environment takes advantage of secure elements inside of the mobile devices. This makes sure that even the owner of the device, the Keyholder cannot manipulate the automation logic.

Learn more about Acurast.

Benefits of tzBTC 2.0

The new improved tzBTC 2.0 is set to be a game changer for youves and its contributors. One improvement for tzBTC 2.0 is the fact that its minting will be supported for multiple chains. This sits well with youves future plans of diversifying to other chains as well as being able to support top native tokens with the launch of youves v2.0.

tzBTC 2.0 will be far more accessible to every Tezos user as well as blockchain enthusiasts on other chains. This breaks entry barriers on Tezos and will result in an overall positive boost for the Tezos ecosystem at large in the long run.

Outlook

We look forward to the new and improved tzBTC 2.0 and the implementations on the youves platform to give you a much better experience with Bitcoin on Tezos.

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Some clarifications

With YIP-4 on DAO V1, which was executed on May 7th, 2024, the community agreed to transition to the new YOU staking pool, also known as the Commitment Pool, and a new DAO contract, the youves DAO V2. Since YOU stakes determine voting power, both contracts are closely connected and require simultaneous updates.

With the transition to the new DAO, it was necessary to designate the new DAO as the admin, particularly for contracts where the old DAO was the sole admin. The initial step of this process was accomplished with YIP-4 on DAO V1. The second step, accepting the administrator role, needs to be carried out on DAO V2, where YIP-0 and subsequently YIP-1 on had been submitted recently.

As you may have noticed, the quorum for YIP-0 on DAO V2 was not reached. Let’s explore the reasons for this.

When YIP-4 on DAO V1 was submitted, DAO V1 had a quorum of 1,472,749.55 YOU. This means that in order for a vote to be valid, stakes representing that amount of YOU tokens needed to participate. 1,472,749.55 was the final quorum value on DAO V1.

When DAO V2 was deployed on April 26, 2024 the same quorum value, as well as the same quorum lower cap and higher cap, were set. This was a conscious decision, even though it was foreseeable that this quorum would not be reached with the new DAO V2, as the vote weighting of the stakes is completely different and depends on the users’ choices.

What was not entirely foreseeable was how youves stakers would decide when creating stakes in the new Commitment Pool. Would they opt for long cooldowns, high rewards, and high vote weights, or would they prefer to stay liquid and choose shorter cooldown periods? Would they mix different strategies? Naturally, the resulting vote weight of the new stakes would always be lower because 1 YOU in a stake with 50% of the maximum cooldown would count as only 0.8 votes, whereas in DAO V1 it counted as 1 vote.

Additionally, it was not predictable how many stakers would move immediately after the new staking pool was set up. As it turns out, 3 weeks after the change, 477k YOU tokens are still staked in the old staking pool, which no longer receives any rewards.

An alternative approach to account for the drop in available vote weight between DAO V1 and DAO V2 would have been to artificially lower the quorum when the new DAO was deployed. However, this would have been a completely arbitrary decision. If the quorum value were set too low, it could potentially allow a single entity to dominate governance if their stake were large enough.

Next Steps

Therefore, it was decided to maintain the same quorum and, if necessary, repeat the first YIP of DAO V2 until the quorum adjusts to levels that represent the current cumulative vote weight. The quorum adjusts as follows after a vote: new_quorum = 80% * old_quorum + 20% * total_votes expressed in the YIP. It is expected that the quorum will be reachable in 1–2 additional votes.

With this plan in mind, the same YIP as YIP-0 and YIP-1 of DAO V2 will be submitted for a vote again, trusting that the youves community will support that path of action. If you have any questions or concerns, please reach out via Discord, Telegram, or the Forum.

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Staking Strategies — Optimising Rewards While Maintaining Flexibility

Excited to launch the new commitment pool on the frontend following the YIP-4 execution. The legacy v2 staking pool, with the long term reward feature, has been quite effective over the years. However, to give youves contributors more flexibility in choice of staking strategies, and also a sense of commitment to the platform, and lastly as a preliminary steps towards the launch of the youves v2.0, it became imperative to switch to a new staking pool, the commitment pool.

Migration

YOU stakers are encouraged to migrate their stakes from the v2 YOU staking pool to the new v3 YOU commitment pool. The v2 staking pool will be unlocked to allow users claim full rewards without penalty. As the new commitment pool has new features, insights on some staking strategies are provided in this blog. The cooldown duration set during every stake determines the risk, reward, and voting power for that stake.

Staking Strategies

For the new commitment pool, the maximum cooldown duration that can be selected is 896 days which is 32 epochs, with each epoch consisting of 28 days. In this section, few staking strategies will be considered using fictional characters. It is important for you to know that the reward weight and bailout weight follows a linear scale while the vote weight is logarithmic. More information can be found here.

1. Joe — Believes in long term commitment and maximum rewards

Joe has been a youves contributor since the platforms’ inception and has accumulated 10,000 YOU tokens over the years. He loves to participate and have a major say in the youves governance and will not trade anything for that. Joe is also ready to go in fully into sharing the platform profits(rewards) and loss(bailouts in the case of bad debts). With the legacy v2 staking pool, Joe easily let his stake stay for over the 180 days long term period and now with the new commitment pool, Joe commitment is unwavering and he adopts this simple strategy with one stake:

Stake: He stakes all 10,000 YOUs with a maximum cooldown period (896 days / 2.45 years / 32nd epoch)

• vote_weight: 100%
• rewards_weight: 100%

2. Anna — DeFi enthusiast who loves a lot of flexibility

Anna, a DeFi enthusiast, loves keeping a balance in her DeFi activities while being also flexible. She is very calculative with her decisions and always wants to stay in the middle of things. Anna holds 5000 YOU and employs the below strategy:

Stake 1: She stakes 50% (2,500 YOU) for the maximum cooldown duration (896 days / 2.45 years / 32nd epoch)

• vote_weight: 100%
• reward_weight: 100%

Stake 2: She stakes 25% (1,250 YOU) for half the max cooldown duration (448 days / 1.22 years / 16th epoch)

• vote_weight: 80%
• reward_weight: 50%

Stake 3: She stakes the remaining 25% (1,250 YOU) for 6 months (182 days / 0.5 years / 6th epoch)

• vote_weight: 51.7%
• reward_weight: 20.3%

Anna’s strategy allows her to maximise her rewards with 50% of her YOU holdings while also giving her so much flexibility with the remaining 50% that is spread for the second and third stakes. This helps her keep a balance between her risks and rewards.

3. Ben — Crypto user with more focus on the rewards.

Ben has been a youves contributor for over 4 months exploring various sections of the platform and holds 1,000 YOU tokens. Ben is quite unsure with the benefits and risks of commitment but is keen on getting the potential rewards. He decides to adopt the following strategy with two stakes to optimise his rewards:

Stake 1: He stakes 70% (700 YOU) for a maximum cooldown duration (896 days / 2.45 years / 32nd epoch)

• vote_weight: 100%
• reward_weight: 100%

Stake 2: He stakes 30% (300 YOU) for 6 months (182 days / 0.5 years / 6th epoch)

• vote_weight: 51.7%
• reward_weight: 20.3%

Disclaimer

⁤While the above staking methods gives some insights to staking in the new v3 commitment pool, ⁤⁤It’s worth noting that these suggestions do not in any way constitute financial advice. ⁤⁤Ultimately, it’s the user’s responsibility to weigh the risks and rewards and decide what feels best for them. ⁤Jump into our communities if you have questions or want to have a chat.

With ❤️,

youves

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Introduction

This blog is an update of the previous liquidation blog. It aims to clarify the concept of liquidation for the v3 engines (current engine version) on youves.

In this blog, we will use the words liquidation and step-in as synonyms.

Liquidation Basics

On the youves platform, one of the major activities is minting. Locking up collateral from a list of collateral options enables one to mint a particular synthetic asset which could be uUSD, or uBTC or other available tracker tokens. Once eligible collateral is locked in an engine smart contract to mint tracker tokens, you have to monitor your vault’s collateral ratio to prevent an instance of partial liquidation. Every engine on youves has defined parameters which includes the emergency collateral ratio that is set based on the type of collateral and the token which can be minted on such an engine. For v3 engines, a vault becomes open to partial liquidation when the collateral ratio of the vault drops below the emergency level. A step-in on such a vault reinstates the emergency collateral ratio.

More information can be found in the docs.

Why Is It Important?

The occurrence of liquidation isn’t at any time a nice experience for any of our users and we understand the frustrations that come along with it. However, for the stability of the platform it is inevitable;

If the value of the collateral falls below 100% value of the outstanding tokens in a vault, the tokens are no longer backed by sufficient value and the minter no longer sees a logical reason to burn outstanding tokens or top-up collateral to maintain a healthy collateral ratio. For this reason, Liquidation becomes very important in ensuring that vaults are adequately collateralized.

Incentives

As stated earlier, an under-collateralized vault below the emergency collateral ratio is available for step-in by a third party. As an incentive for carrying out the step-in activity, the third party is rewarded with a bonus which is 12.5% of the target value of the posted tracker token. The equivalent value of the posted tracker token and the bonus is deducted from the collateral in the vault and paid to the third party.

Liquidation Capital Requirements

There are different ways to play this.

Cash Reserve

A liquidator or bot needs to have a cash reserve of x tokens (e.g. uUSD) which will then be used to step-in and collect collateral (e.g. tez).

Swap

The received collateral (e.g. tez) can be swapped on a DEX or a CEX for more tokens (e.g. uUSD).

Minting

If the market price of the tokens becomes too expensive, the liquidator or bot can also mint tokens (e.g. uUSD) with collateral (e.g. USDT) and use these to perform the step-in. This makes sense for bot owners who are comfortable holding tez and do not mind the relatively low capital efficiency as the vaults require a multiple of the value of the minted amount in collateral. This also incurs the minting fee.

Liquidations via Better Call Dev

The youves frontend does not support manual step-ins directly. As a consequence, manual step-ins have to be done through a block explorer, such as Better Call Dev (BCD). Alternatively, a bot can be coded to interact directly with the smart contracts.

The docs contain a manual for this.

Liquidations Via a Bot

Advantage of Automated Solutions

In theory, both bots and humans could perform a step-in on an inadequately collateralized vault. However, most step-ins are done by bots because they are vastly faster than humans.

Code Examples In GitHub

As mentioned above, automated solutions will generally work better. Experienced developers may use the below GitHub repository for inspiration.

We want to stress that any kind of automated trading can be tricky and can quickly lead to significant losses. Make sure you really understand what you are doing, do some testing with small amounts and be extra careful.

While we were careful to avoid any errors when writing the code and we did some testing, consider repository for education and illustration purposes only. There is no guarantee on the correctness of the code, use at your own risk. The creators of this code cannot be held responsible for any potential damages.

The code is set up to work with the current v1 and v2 engines. It will also work with the v3 engines, but some values for the smart contract engine addresses, emergency collateral ratios, and the step-in ratios will likely have to be changed.

GitHub - youves-com/youves-tracker-liquidation-bot

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Let’s Transform The YOU Staking

In the youves vision (see Medium post), the rationale for a transformation of the current YOU staking mechanism has been discussed.

A few months ago, a draft proposal had been published on the youves forum (see youves forum) in order to get first feedback from the community. Not everyone was agreeing with the proposed draft. There were discussions taking place on Telegram and Discord too. Furthermore, Youves core contributors did discover potential challenges and discussed improvements on a technical, but also on a conceptual level.

This resulted in an improved proposal for the transition and future setup, which will be kicked off with YIP-04, a youves improvement proposal which injected a few hours ago and is now up for voting.

This post should inform you about the ideas and these upcoming governance proposals. Let’s dive into the thought process behind the upcoming changes:

Separate Commitment Pool and Bailout Reserve

In the earlier proposal for a new YOU staking contract, it was the idea to have the bailout mechanism in the same smart contract as the staking and reward mechanism. During contract development, the complexity to handle both did increase. In the final version, even though the security audit was sucessfully passed, hands on testing revealed an effect that could lock up some YOU tokens without anyone being able to access them. While this effect could only be detected if the pool was exposed to unlikely bailouts and rewards, it was decieded that we shouldn’t set on such a design.

In parallel, other voices came up, with the opinion, not to use YOU tokens for potential bailouts, due to the current size of the YOU market, which would set a de facto cap to any potential bailout. Instead of holding YOU tokens for potental bailouts, it would be more suitable to use a basket of liquidity tokens representing stable tokens (eg. uUSD and USDT) and volatile tokens (eg XTZ, YOU, tzBTC).

Considering all the lessons learned and the thoughtful arguments, Youves core contributors from Ubinetic came up with the idea to seperate the Staking Pool with it’s rewards and the Bailout reserve into separate contracts:

1. A Commitment Pool contract, where users can stake YOU tokens and earn rewards. The longer these stakers commit their tokens, the bigger their rewards and the bigger the governance vote weight of their stakes.
2. An improved version of the current Reward Collector contract. This contract collects the rewards of all engines and swap contracts and is capable of triggering swaps and forwarding tokens via a lambda. This contract is already being used, but can be improved.
3. A separate pool of funds reserved for a potential bailout, the Bailout Reserve contract. This contract can receive tokens from the rewards collector and it can execute lambdas. With this functionality, YOU stakers, via governance vote, can decide on how the Bailout reserve will be composited, what amount should be reserved and how it should be used.

Only use rewards as Bailout Reserve, don’t tap user’s stakes

In contrast to the previous design where also user’s funds could be tapped to fund bailouts, the new setup plans to only use rewards to pay for bailouts. Some of the rewards can be moved to the Bailout Reserve, where they can be held in any composition and volume as the community decides. While this means that rewards to stakers will be reduced until the Bailout Reserve reaches the desired size, it also means that YOU stakes from users will not be touched for Bailouts.

Hand over the composition of the Bailout reserve to the community

The Bailout Reserve pool can hold any FA1.2, FA2 tokens or XTZ. It has an execution entrypoint that allows the admin of the Bailout Reserve pool to move or swap tokens in a very flexible way. The admin of the reserve pool will be set to the new DAO.

The youves community can decide what tokens will be held. Core contributors will do an initial proposal, that aims for a final pool composition of a certain size, held in stable and volatile assets. Preferably, the Bailout Reserve will hold liquidity tokens like yTEZ (uXTZ/XTZ), Sirius (tzBTC/XTZ) or uUSD/USDT LP tokens. This would also help to increase the overall liquidity on the platform.

Once a bailout is decided, the youves community can, via execution lambda, unwrap these tokens, swap them on a decentralized marketplace

Changes Ahead

The ideas outline above will be implemented with a series of changes, dependent on the approval of the youves community. These will be the necessary steps:

1. Deploy a new commitment pool and a new DAO contract (done)

Because the DAO contract has a set voting contract, which is the YOU staking contract, a change of the YOU staking contract also enforces a replacement of the DAO contract. Youves contributors have already deployed a replacement DAO contract and the new Commitment Pool.

New DAO: KT1ENJfVK98HTRfxjFKPqu1R7tFwXVjmLAo2

This DAO contract is identical to the previous DAO contract KT1C3T98TqCm38cHPauZ4SopkQ4torCsxgab. As voting_contract the new Commitment Pool is set KT1T3BFEu9WSQyRuV9Fyd7SqTU4rW3ptJ3NN. This means that stakes from the new Commitmenet Pool will be allowed to vote on proposals on this new DAO contract.

New Commitment Pool: KT1T3BFEu9WSQyRuV9Fyd7SqTU4rW3ptJ3NN

The Commitment Pool is a stripped down version of the bailout pool, which was developed, tested, audited in the last months. It’s functionality is descibed in the youves forum. Documentation in the youves docs will follow and the code is published here: https://github.com/youves-com/youves-smart-contract/blob/main/contracts/tracker/commitment_pool_v2.py.

2. Conclude YIP-4 to propose admin to the new DAO (ongoing)

The new DAO KT1ENJfVK98HTRfxjFKPqu1R7tFwXVjmLAo2 must be set as admin, first on all flat curve contracts and all other contracts which only accept one admin (engine contracts in contrast can have more than 1 admin). The DAO contract will need to accept this administrator proposal in another, future YIP proposal in order to be functional as admin.

In the same YIP, the max_release_period of the current YOU staking pool will be set to 1, which allows stakers to immediately withdraw their YOU tokens and receive the full rewards. This unlocks all current stakes and stakers can withdraw their YOU and their rewards in order to deposit them in the new staking pool.

3. Remove old DAO and set new DAO as admin via youves keyholders

Once the community accepted YIP-4 and signalled their acceptance of the changes, the Youves keyholders will remove the old DAO as an admin from all remaining contracts, which include all engines, farms, savings pools, legacy pools etc. Also, the youves keyholders will set the new DAO as admin the same contracts.

4. Conclude another YIP to accept administrator

In parallel, another YIP will be concluded which accepts the DAO as administrator for those contracts which only allow one admin (flat curves, checker CHF).

5. Deploy new Reward Collector and Bailout Reserve pool

A new reward collector will be deployed, replacing the current reward collector KT1KXvsh7vnPUkBj1oG1E3LUoFnKHsf7Wixo. The new reward collector has the ability to delegate XTZ and earn baking rewards and it has the ability to not only swap tokens to YOU and forward them to the YOU staking contract, but it can also split off rewards and set it to the newly deployed Bailout Reserve pool. With these two contracts and the DAO set as admin, the youves community will be able to govern and adjust the reward distribution and the bailouts reserve to the platform needs.

6. Move all remaining rewards to the new Reward Collector and split off 50% for the new Bailout Reserve Pool

Once the new Reward Collector and the Bailout Reserve pool is ready, the remaining funds on the reward collector and some minor amounts on previous contracts will be moved to the new Reward Collector, from where 50% will be sent to the new Bailout Reserve pool and the rest will be used for YOU buybacks to the new Commitment Pool. This will give initial liquidity to the Bailout Reserve pool.

If you inspect the current reward collector, you will find that there is an amount of tzBTC, which was not yet swapped for buybacks. The reason here is that tzBTC in the past was not able to keep peg with Bitcoin and the rules defined for buybacks were not met to swap these assets. As there will be a new tzBTC — XTZ bridge soon (see tzbtc.io), it is expected that the price of tzBTC will be close enough to the price of BTC, so these remaining rewards can also be swapped and used for buybacks.

7. Frontend

The youves core contributors will ensure that users can easily withdraw their YOU stakes from the old contract and deposit them into the new contract using the youves frontend. It will also be ensured that the old YOU staking contract will be accessible from the frontend just like any other legacy contract.

All youves community members are invited to join us in the community chats on Telegram and Discord, where you will find answers to possible questions and where you can discuss this transition.

Remember, this is a necessary transition in the path that was outlined in the vision, published last year on Medium.

Thank you for your ongoing support!

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TLDR;

As a rough estimation the youves v2.0 is projected to be released within Q2, 2024.

Dear youves Contributors,

We’re thrilled to connect with you once again to share some insights into the current developments at youves. The buzz surrounding youves v2.0 has been massive within our community, and we’re immensely grateful for your unwavering enthusiasm and patience. We understand the eagerness to experience the next iteration of youves, and we want to assure you that your anticipation is not in vain.

youves v2.0 represents a significant milestone for us, as it marks a complete revamp of the entire youves frontend — bringing you a new trading frontend. The new trading frontend also requires a new set of smart contracts, which form the trading engine. Together with the on demand oracles, which were deployed and are currently subjected to long time tests, they form the core of the revamped plattform.

youves v2.0 ETA

This comprehensive overhaul is no small feat, and our core contributors are meticulously dedicating their time and expertise to ensure that v2.0 exceeds your expectations in every aspect. Hence, we look forward to delivering the youves v2.0 within Q2 2024. However, it is quite hard to estimate the exact date due to the complexities involved plus we need to do proper testing before the final release.

While the development process may be taking a bit longer than it was initially scheduled (Q1 2024), rest assured that it’s all in the pursuit of perfection. We firmly believe that quality takes precedence over speed.

Sneak Peek

As we continue to fine-tune every detail of the youves v2.0 to ensure a seamless and intuitive user experience, here’s a sneak peek at what you can expect from various sections of the new trading frontend.

Community Appreciation

youves has been an unwavering pillar in the Tezos DeFi ecosystem since it’s inception in 2021, maintaining the largest Total Value Locked (TVL) despite the challenges and uncertainties of the market. This resilience is a testament to the trust and confidence you’ve placed on our open source smart contracts, and for that, we’re eternally grateful.

We want to take this opportunity to express our heartfelt appreciation to every youves contributor for their invaluable support and dedication. Your continued belief in our vision fuels our determination to push the boundaries of DeFi innovation and excellence.

Looking Ahead

We’re incredibly excited about the prospect of serving you better by providing even more exceptional tools and solutions for your DeFi needs. As the second quarter of 2024 has started, we’re optimistic about achieving our goals and milestones with youves v2.0. The journey may be filled with challenges, but together, we’ll navigate through them and emerge stronger than ever before.

Thank you for being an integral part of the youves community. Join our communities (Discord, Telegram, X) never to miss an update anymore.

With ❤️,

youves Core Contributors

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Protecting our DeFi wallets is like securing a fortress for our financial well-being. Just as we lock our homes for safety, let’s safeguard our digital assets by following best practices in the crypto space.

The world of DeFi has had some major challenges with hacks since it became popular. This isn’t unexpected, because whenever there’s a big new idea where people can make money, there are always some dishonest players ready to take advantage of others for their own gain.

2023 witnessed numerous crypto hacks, with over about 2 billion dollars losses to hacks, scams and exploits and these attacks or wallet compromises don’t seem to dwindle anytime soon, especially with so many positives and developments coming into DeFi in 2024. However, the good news is that you control your wallet, and you can take the necessary steps to keep it safe.

As a youves contributor, the first criteria for participation is to at least have a Tezos based wallet to connect with youves. Wallets that are compatible with youves and how to connect them to start interacting with the youves smart contracts can be found here.

Wallet Safety Tips

Your wallet, used to interact with youves is also susceptible to these problems. This article will make you aware of various ways in which scammers try to hack or perpetrate crimes. This information will arm you to fight against these attacks.

Phishing Websites

Whenever you access the youves platform always make sure the domain url you’re visiting is either: https://youves.com/ or https://app.youves.com/. Ensure you double check the spelling to be sure you’re interacting with the authentic youves website.

NOTE: Phishing websites could have domain url such as: https://app.youvees.com/ and their user interface could look almost exactly like the original website. As a safety measure, do not interact with websites embedded in iframes, the url of these websites are not visible on the iframe.

Stay cautious and verify the authenticity of any unexpected messages or requests.

The youves website will never request you to input your private keys or secret.

Admin Impersonation

Scammers often go after people who share their problems on social media. The scammer pretends to be a helpful admin by using a similar name and username as the real admin in the community.

Safeguard Your Recovery Phrase

Never share your crypto wallet recovery phrase. Your keys represent your ultimate access point to your money, giving you sole control over your digital assets. By keeping this information confidential and well-protected, mitigates the risk of unauthorized access and ensures the overall security of your cryptocurrency holdings. It is best practice to keep your seeds offline using a cold wallet. Some cold wallet options that work with tezos include AirGap or Ledger.

Further tips:

• Use a Strong Password (Create a strong lock password for your crypto wallet by combining 12+ characters with uppercase, lowercase, numbers, and symbols.)
• Our Community Manager Never Contacts First (Be aware that none of our Community Admins will DM first. Exercise caution with unsolicited messages and verify and report any unexpected outreach through official channels. We prioritize your safety, and maintaining a trustworthy environment.)
• Regularly update software
• Do not use public computers or networks
• Don’t fall for too good to be true Investments
• Use separate wallet for airdrop
• Be careful of Strangers

How to mitigate the effects of a scam event

In the event of being scammed, please follow the necessary steps to reduce the effect of the scam attack:

• Disconnect your wallet from such websites and if you still have funds yet to be drained from your wallet, quickly transfer them to a safe or fresh wallet.
• Never send funds to the compromised wallet anymore. The attacker might be lurking around to monitor your wallet or may have programmed bots that immediately withdraw funds from your wallet once it detects funds higher than transfer fees.
• If you encountered a phishing scam, report to the appropriate project for investigation and notification for other members of the community.

Conclusion

In the world of crypto, we know that scammers are always changing their tactics hence this quick overview may not cover all the tricks scammers use to get into your DeFi wallet. Feel free to share any extra tips in the comments to help everyone out.

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Introduction

Hey there! Let’s chat about 2023 — a year of amazing stuff happening on our platform. We added new features, tracker tokens, engines, pools, and farms that made things even more awesome. In this blog we revisit major events, celebrate the cool things we achieved, and stick around to see what’s in store for the future!

What We Pride In

youves continues to maintain its status as the #1 DeFi platform on Tezos in terms of TVL. Currently, our users entrust us with an impressive sum of approximately 50 million USD in locked assets on the platform.

Even more exciting, we were the first to launch a Gold tracker on Tezos, making us pioneers in the DeFi game.

We also introduced the novelty Target Flat Curves to enable swaps for uncorrelated assets. Take the uXAU vs uUSD swap, for example. The price of Gold vs the dollar is set as the centre of the flat curve. Big shoutout to Acurast for making this possible!

Speaking of Acurast, our trusted Oracle, it’s been rocking since day one. Super strong and reliable — just the way we like it.

youves has shown great resilience in various market seasons and our engines have proven to be battle strong and reliable. There has not been a single bad debt especially during volatile market periods.

Since inception we have offered assets that have the best liquidity in the Tezos DeFi space. Our assets range from the uUSD, uBTC, uXTZ and even the youves flat curves liquidity tokens.

Also, youves has played a major role in the adoption of the Sirius token, providing use cases for SIRS with the addition of uUSD or uBTC or uXTZ engines all backed by SIRS collateral.

Some Interesting Stats

TVL: $48M

Current Active Vaults: 1,885

YOU total supply: 3,582,198

Major Events in 2023

Achievements

DAO Transition

From the very beginning, youves has been evolving. Initially we used a multi-signature system of governance in making improvements to the platform but we wanted something even better for our DeFi platform. A decentralised system of governance!.

In January 2023, we introduced the youves governance forum for our esteemed users to share improvement ideas and discuss topics relating to youves and In the month of may, we deployed the youves DAO smart contract which replaced the multisig contract for smart contracts that require just one admin and for those that can accommodate more than one admin the DAO contract was set as admin alongside the multisig contract.

Today we are proud of this achievement, youves been run as a decentralised autonomous organisation. So far, we have executed 16 legacy YIPs and 4 DAO based YIPs. We’re loving the journey of being a decentralised and autonomous organisation!

yTEZ Token Now Available on the 3Route DEX

The yTEZ liquidity token, greatly loved by many DeFi users on Tezos, offers a triple yield of passive income stream.

In November, 3route added the yTEZ liquidity token to its exchange. Now, you can swap almost any Tezos token for yTEZ in a snap. It’s the quickest way to get your hands on some yTEZ!

Want to learn more about yTEZ and its benefits, then read up this short article. Ready to try out the 3route swap and get some yTEZ? Start now!

First Gold Tracker on Tezos, uXAU Launched on youves

We are delighted to be the pioneer DeFi platform to launch a Gold tracker token on Tezos. It’s been said that the youves engine model can synthesise just anything and bring it on-chain. This we have seen with the uXAU Gold tracker, synthesising traditional Gold and making Gold accessible to all Tezos DeFi users without having to directly purchase Gold on the traditional market. Mint the uXAU on the fly by interacting with the uXAU engine backed by USDt collateral. The uXAU is available for trading on the youves DEX and on 3route.

Quick TIP: uXAU related activities are paused during the weekends and on public holidays.

Strategic Vision White Paper

In June we published our vision white paper. It spills the beans on what’s next for youves in the Tezos ecosystem and beyond. The vision paper was born from our study of how our users use the platform (Minters observed interacting as Traders) and realised we need to step up our game.

So, soon we’re introducing youves v 2.0, a brand-new trading front end. It’s like giving our platform a cool makeover! Also, we’re turning the not-so-busy funds in the savings pools into liquidity. Why? So that when we switch to the new trading front end, there will be sufficient liquidity for traders to easily do their swaps. More information on our strategic vision white paper is found here.

One more thing — For iOS users, the savings pools are now directly accessible on the Temple Wallet earn page.

Post Mortems

In the last quarter of 2023, we encountered some issues, but here’s the good part: our smart contracts are super flexible and we were able to resolve all issues without causing a major impact on our esteemed users. More Details of the incidents are covered in this blog post.

What Lies Ahead — Big Things Coming to youves!

Get ready for youves v2.0 — it’s projected to be launched in the next quarter! We’re super pumped because we believe it will simplify user experience and boost activities on our platform. Plus, with the expected bull season and the upcoming Bitcoin ETF possibly in January 2024, it’s going to be awesome for new investors.

We look forward to expanding the range of assets traders can use as collateral and collaborating with cross chain protocols to support top native crypto assets such as BTC, ETH, XRP and so on. Also we plan to tear down entry barriers into Tezos DeFi and increase marketing efforts to further spread the good news of youves!

Thank you for contributing to our success in 2023! $YOU are amazing

With ❤️,

Your youves Contributors

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