
olimpio|Oct 08, 2025 18:49
Users had 42 seconds to deposit.
Though possible to do manually, very difficult. These high profile deposits/mints are increasingly becoming a bot's game.
If you did not preapprove, chances are you didn't make it. Gotta adapt to make it. If you do not know how to create a bot, learn. They won't go away any time soon.
Users reported the website not working, but it worked fine for others. This is always expected
Now on the autoUSDai vault itself, not sure if it's worth the hype in terms of R/R and ROI (funds locked for 30d, points nerfed from 25x to 15x, Concrete risk on execution), but that didn't matter to the 2646 frens that insta filled 75M in 42 seconds
What to expect for USDai and its peg: The USDC raised will be used to mint USDai and then deposited into a DEX. See:
"its being used to mint usdai rn, same as all the mints has to be done pursuant to the onchain liquidity of wM so will be done in slugs over the next like 5-10 hrs
once its fully minted, the usdai will be deposited into dex to provide liquidity to liquidate euler loans if needed. since it would basically be selling usdai 4 cents above fair value (at current prices), that would be quite profitable. those profits go back to the depositors"
So any profit from selling USDai > 1.00 will be allocated to autoUSDai depositors.
What may happen to USDai peg over the next few hs?
GG(olimpio)
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