T O P
[deleted]

Let this be a lesson to everyone to spread out your investments so you can watch everything go to zero individually.


rkalla

This guy gets it.


Thisguy_mike

I do


Njh_91

😂😂


Careless-Sink1091

😂


USMLEAUTISM42069

Luckily all mine was from the airdrop so I technically didn't lose anything


HugeLength2948

I sold everything from the airdrop, did it with pain in my heart though. Now I am happy I did


LonelyDruid

Exactly the same, I was pretty supportive until I saw how trash rhe sub was with people flogging garbage NFTs and I sold it all.


Cruella-DeDoomsville

Same here, I got out with a few hundred Algo and a sharp lesson about greed / not taking profits when something goes ballistic. Poor souls that actually did put their money in though, the Akita team should honestly be ashamed of themselves.


Odlavso

I lost $5.00 I bought and 20,000 akta from staking yieldly


Hendrixpoem

You cannot trust a meme coin


bageren

You can't trust any coin.


Hendrixpoem

I trust in Algorand


Equivalent_Sea9894

I sure as hell don’t.


Jergle24

I’m with u


Crap911

Algo is not any meme coin


Hendrixpoem

Surely not


zachuwf

Sorry to those who lost on it.


unlaynaydee

I got akita from double dipping so.... Now double dipping on CHIPS. Might as well gamble right?


MarshivaDiva

I'm liking the chip/ALGO pool


Realistic-Roof934

Figures. Everything on Algorand is turning to shit. Fucking ecosystem has cost me a stupid amount of money.


[deleted]

[удалено]


rxnbeats

Annoying part is that even a month ago (last pump to $45k) seemed like everything was booming pretty decently, hate myself for not cashing out. I never put more than $100-$150 into an ASA but my bags are so worthless now it’s not even worth selling. Everything down 80-90%


[deleted]

[удалено]


SquiggleBoys

literally feel like a retard for buying cardano and algorand


Realistic-Roof934

Thievery and incompetence.


n0sleephere

Yeah. Yieldly is such a joke, the ecosystem on Algorand will not be taken seriously by others


Fun_Ad_8178

I done this a couple weeks back , literally liquidated everything except yieldly . They will all continue to drop . Look at the run ups they have all had


the_nibler

Bro me too


Creative_Document199

Pro tip: never invest in what redditors like


oroechimaru

Same worth peanuts now


Neat_Reward3876

I did the same thing.


Taram_Caldar

It's not the ecosystem. It's people investing in random ASAs without properly researching them and assuming just because the ASA is verified and has a staging pool that it'll be a good investment and/or is trustworthy. Some of us have been warning people all along that having a pool and being asa verified means absolutely nothing. Do full diligence on any asset you plan to invest in. If you don't it's nobody's fault but your own if you get burned


Accomplished_Fact364

The problem is that the verification means nothing. They should get rid of it in that case, because it brings investors false hope in a project. Algorand has a hand in this as well.


Taram_Caldar

Verification does mean something. It means the ASA is verified on the network and passes the requirements to be verified. It does not mean that an ASA is a safe or sound investment.. It's not Algorand's fault that people aren't bothering to research before investing. People need to use their brain. Hell, people have been warned time and again about a variety of projects right here in this sub and they still ignore it. You can't fix stupid.


Accomplished_Fact364

You can't fix stupid, but you can fix stupid processes. This is defi and I expect everything to rug until it doesn't. But for the people just joining defi the verification would bring false comfort to that ASA. So due to that, I would say verification is stupid, worthless, and a waste of time that can be spent elsewhere. Especially with all these shit projects. I can't find a single ASA worth investing in right now. Asian reserve coin? That buggy tinychart? The ecosystem was brought to an entire halt when tinyman v1 was exploited. Algorand needs to find its niche and I believe "degen defi" is not it.


Realistic-Roof934

Doxxing devs and requiring a 5k listing fee would solve a lot of problems


Accomplished_Fact364

It costs $50k to grow weed legally. Should cost roughly the same to mint coins. But it goes to prove that at its current juncture, the verification of an ASA is basically a foundational scam. Means nothing except to fool new investors. Even with a doxxing requirement and/or heavy minting fee, rugs will still happen, they will just become less obvious. Slow liquidity drains, hidden reward wallet draining, a slight increase in taxes, lots of ways a scammer can slow rug and call it a failed project.


Crap911

The problem is 99% ppl don’t know this. They all think all verified ASA are legit.


Taram_Caldar

That's because they do not bother to research before investing. Unfortunately that's on them. Plenty of us have warned people, and been ridiculed when we did.


iNumber12

Spot on. It's not hard for people to do a little bit of digging... If the whole project looks like it could have been created in a day, it goes without saying... stay the fuck clear? But, idiots will be idiots.


Realistic-Roof934

So many people on here are saying well you should just know 99% of the asa’s here are terrible. It’s funny, we are saying the same thing but some people don’t want a change or see a problem. In the meantime, Algorand is earning the reputation of being rug central. Even the algo fan boys say the vast majority of stuff here is garbage. It’s comical.


Taram_Caldar

The vast majority of tokens on every single block chain that supports native tokens are junk. Eth, bnb, one, sol, you name it. Most tokens are not worth investing in even for good projects due to a variety of reasons. This is nothing new and it's not unique to Algorand. Algorand is going to have that same dynamic. It's incumbent upon investors to do their research. Period.


deep_blue003v

Yeah I feel that for real. I'm getting bent over big time on Octorand right now.


Competitive_Ad_4132

My three gen 1s will pay off one day


AbundantLife93

Same. I’ve learned an expensive lesson to not follow hype from all this mess. At least you went 50/50 split between ASAs and Algo hahaha


xProfessionalAsshole

It’s not the ecosystem. You’re just a bad investor. Download and use Fidelity.


Realistic-Roof934

Even fan boys admit the vast majority of asa’s here are garbage. That means the ecosystem sucks. Algorand deserves the reputation it is building.


xProfessionalAsshole

You lost money because you placed it into shit projects. Welcome to investing - you’re bad at it, use an investment management service instead.


[deleted]

Yes, a shit coin run by idiots


Relevant-Wolverine20

no way


Hoffy117

What was Akita’s roadmap and plan for the future anyhow?


Ramasama

basically, this was u/samantha_palmer' s plan for akita ​ [https://media.discordapp.net/attachments/904883898943668348/939733259783372870/F13388D1-4A2A-4661-A626-C7E05968260B.gif](https://media.discordapp.net/attachments/904883898943668348/939733259783372870/F13388D1-4A2A-4661-A626-C7E05968260B.gif) ​ So similar to opul I think


pav313

[I still think this project can redeem itself](https://i.pinimg.com/236x/a3/aa/28/a3aa28200d8fbecd31139d1109096699.jpg)


LowCat1485

😂


Yieldling

Sold all my Yieldly last week at .0052. Lost a good amount of money and time on it. Never planned to sell til it reached $1 -$2, but the world changes and strategies should too. Things are likely to get worse in Europe for a while. Maybe I’ll be back in some day in the future. Until then, stay safe flamingoes!!


drhodl

I thought 0.05 was reasonable to aspire to. Then the devs got paid in matic and forgot us, allowing the YLDY network to decompose. I completely blame all these exploits on the devs, because they don't seem aware of them until the damage is too big, which tells me they dgaf and aren't even watching. It shits me that it looks like the devs got paid off by another chain to allow this one to die imo.


InItToWinIt4real

It is 1 exploit in 1 pool. It is unfortunate that this shit happens but you knew you were taking a risk investing in crypto. There is no fiduciary responsibility. Bots will work 24/7 probing for holes and when they find something, they are relentless, they don't need food nor sleep... yet Yieldly give fair notification. Your comments of "blaming the devs" helps no one (except maybe makes you feel better, and in that case I guess I can't blame you). Your comments however probably adds to degradation of dev morale. Yieldly is doing well with what they say they would do. It is no fault of Yieldly if the projects they are launching are mostly sub-par, they don't control that but yieldly pays on time, updates on time and launches projects just fine. When better ASAs are available and working with Yieldly, Yieldly will still be on time 1152pm EST. edit: autocorrect


drhodl

Fair enough. I hope you are correct. I apologize for my negativity but the bad news is relentless.


JonathanPerdarder

To be fair, the bad news is everywhere. We just wrapped up a global pandemic, chased it down with 7-10% inflation and are going with a possible nuclear war/collapse of Russia for the cherry on top. No shit that the markets aren’t doing well. This may or may not be a good time to buy a handful of things. It also might be closing in on the end of the world as we know it.


[deleted]

The ASA -> ASA TEAL5 contracts weren't actually written by the yieldly devs, but a 3rd party.


CaptainUssop

WOW if true this explains alot. Why make a coin on blockchains people do not understand. I wonder if this akita thing is the same deal. Their website was more of a photoshop job than an actual website. They made a roadmap that included staking and all these features only to realize that they cant code for squat and rage quit by pulling everything out.


okaydredre

And now most are OGS


gustavofrancocrypto

VERY VERY WELL SAID. 🎯 Maybe if some of the Yieldly devs read this they’ll at least feel bad for fcking those of us who were here since last Summer. And yeah 0.05 was indeed a reasonable conservative target. They just didn’t care. We get left with the trash.


CaptainUssop

I doubt they feel bad with the millions they made.


Taram_Caldar

Shocker. Oh wait... Nope, called this weeks ago


LogicalJuice8962

A transparent, comprehensive roadmap regarding compensation from TM could’ve prevented much of this ecosystem collapse. IMO


Dakidlrg

At the end of the day algo is the real prize, other blockchains have shitty coins n rug pulls.theres no perfect blockchain some ppl are good some are evil that's just life stop crying about ASAs n go invest in sp500 weenie babies


Dull-Fun

You mean a shitty shitcoin was a bad investment? We are all surprised


Eddiebroadwag

At this point Juno is just as good as Algo. Permissionless smart contracts with 0 upfront cost.


doodah221

The only thing people should be blaming is themselves for thinking that you could throw money into a pure meme coin and not think it’s very likely to lose all of it. Sorry but when people lose money on meme coins I have no sympathy. It sucks but learn the lesson and move on with new Information. Smart people don’t put money into these projects and look at it like anything other than a slot machine type product. Investing in algorand is risky enough, yieldly is doubly so, but f’n Akita? Come on.


Njh_91

Tf has this got to do with Yieldly


Yieldling

Not sure about you all but I got 100% (90k) of my Akita from staking Yldy, so this convo is relevant to Yieldly IMO


Njh_91

But it’s nothing to do with yieldly if Akita got rugged? Just because it was on Yieldly it’s not anything to do with Yieldly, they haven’t “rugged” it have they


DjGorefiend

It has everything to do with Yieldly and Algorand. Algorand verified their asset, and Yieldly gave it more credibility by adding it TWICE for staking rewards. Akita 1 for some reason became Akita 2 and Yieldly still kept them in. They have a very large part to play in people sinking money in it and losing it.


_lostarts

The 'verification' process doesn't mean much. If there's one thing that needs to be fixed, it's this. Crypto is going through growing pains and it's the wild west. There's as much risk as opportunity, and those investing in it need to get their heads around that.


SoFreshThisKid

You can't force a project to not be malicious. There's always risk, especially with Meme coins without utility.


gustavofrancocrypto

Actually yahhhhh. There’s 2 other people who referenced yieldly soooo here we are. It seems by proxy or majority comment this has turned into a thread about Yieldly. #YieldlyFailedUs


gustavofrancocrypto

I was thinking about selling too. Have 500k yieldly was worth 7-9k and now it’s less than 3k. Disgusting value erosion. This just gave me a sign to sell and take my ALGO with me. Seems like I wasted A LOT of time collecting rewards daily for worthless Yieldly. Like the automatic staking never came. So many platforms do it now. Ledger. Celsius. Flare. BUT NOT FCKN YIELDLY.


Bruce_Sato

This thread is about Akta not Yldy?


gustavofrancocrypto

Same thing. They’re cousins. And someone added a comment here on Yieldly so I added mine. 🤷🏻‍♂️


Bruce_Sato

Nah.


Negrodamu5

Lol they are in now way related to one another.


CaptainUssop

So many things on yieldlys roadmap never came. I am sorry you got stuck with such a large bag.


JustCommunication640

Yeah I thought the automatic staking would be here by now. Or at least something after the lotteries ended. But nope. Just vague plans about partnerships and an NFT marketplace. I should have sold in November, but I was hoping they would actually move forward as a defi platform. Took a risk they would be one of the few ASAs to make it and I was wrong, oh well.


gustavofrancocrypto

Right on. Yieldly, the first Defi on Algorand. They was their mantra. Sounded good. But they lied or were incompetent and screwed everyone it seems


JustCommunication640

It did sound good. They had the advantage of being first. They had a decent team and vision. That is why I decided to roll with them even though I knew it was still a gamble. But oof. It looks like they just were not competent enough to keep the project going.


xProfessionalAsshole

I personally said this shit back during the 2.0 announcement and I got massive downvotes as I was fear-mongering. The only changes from the 1.0 to 2.0 was the decimal (completely pointless but apparently there is not a single one of you who are smart enough to understand that), and the fact that the developer funds in 2.0 were not contractually locked for a period of time as they were in 1.0 - using a method that the developers of Nekoin (NEKOS) coded, used, and ultimately shared with Akita as they (Nekoin) have a vested interest in protecting the consumer/investor by providing safeguards against a theoretical rugpull. From the start Akita was relying on the foundations of other coins openly sharing their code in order to appear legitimate - and quite honestly, I don’t feel for anyone who lost their money on it. The information was out there, but you were either too ignorant or foolish to believe it or search for it. Good riddance to the shitcoin, and all of it’s investors who posted damn near propaganda regarding the project.


Unaffectionate_Fact

“there is not a single one of you who are smart enough to understand that” Username checks out. But seriously, shut the fuck up.


xProfessionalAsshole

Found an idiot.


drhodl

It's just one disaster after another at the moment, in the Yieldly ecosystem. I'm guessing it will be at least 24 hours before yieldly devs become aware of it, and deign to comment, if recent history repeats. They are too busy rolling in their huge pile of Matic.


Careless-Sink1091

*algorand ecosystem. You can't hold Yieldly responsible for every negavtive ASA event 😂🤷🏽‍♂️


drhodl

Yieldly gave them the platform, they need to at least comment imo.


PickleSlice

They existed long before being listed on Yieldy. What are you talking about?? AKTA was on Tinyman and Algofi as well... Are they responsible too?


drhodl

Maybe. It depends how they promoted it. Yieldly exploit a few weeks back was the death knell, it's been wounded since and finally succumbed. You bet your little baby bootees that I blame Yieldly.


drhodl

If it's on the Yieldly platform, who else would you consider could do anything?


[deleted]

It was called a community coin for a reason


drhodl

Oh? That makes all this ok then? Lol?


[deleted]

Nope. But blaming yieldly is just dumb


Careless-Sink1091

It's the Algorand ecosystem. The algo foundation should shoulder the responsibility for ASA projects gone awry, not yieldly. What akita have done isn't the responsibility of yldly, akita isn't even on the platform anymore


drhodl

So, after the Akita exploit a few weeks ago, Akita has been dying in the ass. Those devs probably saw a rugpull as the only way they could get some value out of a dying asset. I don't think this would have happened if the exploit hadn't mortally wounded Akita. Fuck all rug pullers, but if you don't think Yieldly holds some responsibility, you are deluded. I also wouldn't mind giving some blame to the Algo foundation, because they enabled all these trash ASA's to begin with, which in retrospect now seems tawdry, tacky and I'm wondering why I got sucked into believing this crap was somehow good.


Careless-Sink1091

You sound very angry. If blaming yieldly makes you feel better then go for it. But honestly, the responsibility ultimately rests with us as investors. I'm sorry if you've lost some money and have been left in a frustrating or difficult position as a result.


drhodl

I'm not in a difficult position at all, but yes, I am angry. I can't actually see much to be pleased about here, can you? Everywhere I look, scammers, thieves and rug pullers. And that's just the devs in this space. lol.


Careless-Sink1091

This stuff is rife across all crypto ecosystems. Believe me, I'm invested in more than one. Its part and parcel of an unregulated market and even more so in an ecosystem as young as algorands. With a long term view in mind, I still believe there is a lot of upside Yieldly and Algo potential. But yeah these things take time, and your appetite for risk has to be higher. Otherwise you're gona waste a lot of energy worrying or being angry. Either take a step back or maybe look into non-crypto assets.


drhodl

No need to patronize me. I've been in crypto around 6 years now. I have a broad portfolio too. I know it's the wild west, that hasn't changed in 6 years. I'm angry whenever I see ineptitude or corruption, even if I'm not personally invested. I really hope there is an upside to YLDY as I certainly don't wish anyone to lose. After today though, I won't be paying attention to it since I've sold all my YLDY and related assets now. I intend to spend the day angry, and then tomorrow I'll have forgotten it. Good luck to you, and anyone who keeps riding this train (wreck)!


Careless-Sink1091

Haha god speed mate, all the best for the next venture and for a more peaceful day tomorrow


Bruce_Sato

Akita sell offs aren't for Yieldly to comment on I don't think.


drhodl

If it was on an exchange, maybe. Yieldly gave them this platform, and if they don't at least condemn it then in my mind they enable it. Seriously though, I will bet these devs aren't even aware of it for at least 24 hours. They have never been timely in any of the events causing people to lose funds. They either don't care or they dgaf and it shows.


PickleSlice

Aware of what? That Akita devs stopped deving? You live in a weird bizzaro rationale world.


[deleted]

[удалено]


PickleSlice

What are you talking about. Akita devs are not deving for polygon now. This is a Akita thread.


drhodl

I misread that as YLDY devs, sorry. I deleted the comment.


huge_eyes

The actual fuck are you going on about


Bruce_Sato

Haha. This thread is full of loons, venting their anger at Yieldly for all the bad investments in their life.


huge_eyes

Yieldly gave me the clap and a child support payment 😭


drhodl

Read a book, because you're obviously oblivious. Not worth trying to respond to a comment like this meaningfully.


huge_eyes

I read your wife’s book


drhodl

I hope you learned something. She schooled me too.


Reidittome

It affects Yieldly because their payment of 45 million Akita was equal to 150K USD when the deal was first made. It's now worth 11.5K so that's less money for a project that is already looking at an expensive bill with the Headline make rights.


PackAttack43011

Why do they need to comment on Akita? The two aren't related


drhodl

It's their platform. You'd think if something on their platform screws up, they'd be there to at least comment, but these devs are too busy counting their matic. As they do every time there's been a f-up in recent times, just crickets for at least 24 hours, amplifying any damage done. Yieldly could have been good but it's own devs got paid off by another chain smh.


[deleted]

??? Akita dying has nothing to do with yieldly dude. Yeah, they had LP pool on yieldly, but that shit ended before this drama. It was because of the akita main dev being a giant cunt and the whole volunteer team falling apart. It has literally nothing to do with yieldly lol.


drhodl

Have you even been paying attention to recent history? Everything on Yieldly.finance has to do with Yieldly. How can it not? Who else can run that platform? This is just yet another tragedy costing people money that the devs won't even know about until tomorrow. Then, they won't care. How many f-ups do you need to stop giving them a free pass?


PackAttack43011

Huh? Akita isn't part of Yieldly's platform? Akita is its own project....


drhodl

This is the latest of a growing string of bad news on Yieldly listed tokens. Yieldly dying is probably what prompted this particular rug pull because those Akita thieves saw their effort evaporating due to Yieldly failing. Again, YLDY investors (because wtf would provide liquidity for Akita if Yieldly didn't list it???) get screwed over and lose, with crickets to be heard from Yieldly devs. Yieldly gave it's support and Yieldly investors followed along. I don't get that you give YLDY devs a free pass after they have repeatedly failed.


PackAttack43011

I never said anything about giving Yieldly passes for anything.... What Im saying is that Akita and Yieldly are not connected in any way anymore and that this pull has nothing to do with Yieldly. Akita hit meme status way before they added pool on Yieldly, and then this Akita pull happened what, like 2 weeks post pool closing? You're looking for someone to blame and directing it at Yieldly when you should be directing it at Akita...


Taram_Caldar

Blaming this on Yieldly is stupid. Their pool ended weeks ago. And people warned this would happen for weeks, months actually. If you chose to spend money on it anyway that's on you, not Yieldly.


PickleSlice

You're misinformed.


drhodl

You can't put 2 and 2 together. Akita would never have had so many investors if [Yieldly.finance](https://Yieldly.finance) didn't list it and give its support. There is definitely a responsibility due from Yieldly.


PickleSlice

That's a silly way of seeing it. If Akita ended up mooning, no one would care. Yieldy is supposed to read the future?


Driveaway1969

Funny to see people talking about trust on a yieldly sub


Equivalent_Sea9894

Yieldly can suck a big one. I’m just leaving this shitcoin in will my useless ALGO. I’ll just stick to Bitcoin and Ethereum instead of coins like ALGO. I’m done with their ecosystem. Same with Harmony. Only decent one is Cosmos anymore. FTM founder quitting. Little biotches can’t take a little downturn without quitting and screwing the little guys.


Snowie_drop

Nothing wrong with Algo. But you do you.


Algonaut7

Why don't you go ahead and leave this subreddit then if you're so done with Yieldly? Why rage on a post about Akita? Bye!


Equivalent_Sea9894

Sorry didn’t know someone was not allowed to have an opinion other than being a fanboy. I knew this would get downvotes regardless by people still waiting for some miracle moon.


Algonaut7

Why waste your time trying to trash Yieldly? If it's successful, that will help Algo. If Algo is successful, that will help most of the crypto ecosystem, including Bitcoin. It sounds like you're mad because you sold Yieldly at a loss. Just leave it alone.


Equivalent_Sea9894

Again, you are not the only person with an opinion. I still have my Yieldly so that’s not why I am mad as you assume. Why not hope for a miracle turnaround when already down so much at this point. If your so hurt by my opinion, feel free to report it, and pound your chest when your done.


n0sleephere

Let me guess. You’re perfectly fine how Yieldly is being handled and are trying to trick yourself into believing Yieldly has a future?


PickleSlice

Maybe not, but what does Akita have at all to do with Yieldy?


gustavofrancocrypto

🎯


gigabyteIO

/u/leavemeagnome


Crpybarber

Not again..


Stunning_Ordinary548

Weak


AkitaTheCity

Official statement from the remaining Akita team https://www.reddit.com/r/AkitaInuASA/comments/t85yvz/update_to_akita_moving_forward/?utm_source=share&utm_medium=ios_app&utm_name=iossmf


wehadababyitsadude

So it’s dead.


Partypaal

Damn. I was kind of sad when I sold my 100k+ Akita in January cause I needed the money, but seeing this. I really thought this project was different


helenas223

https://www.reddit.com/r/AkitaInuASA/comments/t8a3z0/to_whoever_is_still_certain_it_wasnt_a_rug_pull/?utm_medium=android_app&utm_source=share Ofc my post was deleted


Lets_Hunt

What was that clown in here calling me? Paper hands? How the diamond dog trash talkers feeling now??


MuddyDirtStar

Shame. I need to get better at taking profits. Put in $25. Watched the wave to $2k now back at $50. What a ride


gustavofrancocrypto

Anyone have yieldly watch this: https://youtu.be/AbC8iNrJuG0


feyfey1

Glad I pulled all my money out 3 months ago meme coins to the moon oh wait rugged you guys 😂😂😂😂


Ramasama

All of this over some radiohead


wehadababyitsadude

I don’t get it.


Reidittome

[https://tenor.com/view/radiohead-in-rainbows-gif-19529450](https://tenor.com/view/radiohead-in-rainbows-gif-19529450) People posted this meme in the Akita discord and the dev Peaches got offended and started banning people. It was the real turning point in the og community and things started snowballing from there. Blue was gone about a week later.


Independent-Sky9808

Pretty much everything is falling hard. Stocks included. I have seen a few reports saying March is going to be a tough month. Prices will continue dropping for awhile. Crap coins will most likely go to zero and get cleared out.