Hello Community Members,
We wanted to provide a brief update on the recent sDAI APY situation.
There was a minor issue with our keeper bot, which temporarily affected the interest bridging to the Gnosis Chain. This resulted in a slight decrease in the APY during the last three days. The good news is that all the interest that was to be bridged has been collected, meaning that we can expect a higher than usual sDAI APY for the upcoming epoch starting Wednesday.
To stabilize the situation, we have withdrawn Gnosis DAO funds from sDAI, which has already improved the APY from 1.9% to 2.5%. Additionally, to prevent similar issues in the future, we’ve deployed a Gelato bot for extra reliability. You can view the deployment here: Gelato Bot Deployment.
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