The Yield protocol suffered significant losses in a Vault swap operation, totaling approximately $3.73 million. The incident occurred during the exchange from stkGHO to USDC — due to extreme market slippage, 3.84 million GHO tokens were only exchanged for 112,000 USDC. This transaction exposed issues with current market depth and also serves as a reminder for users to exercise extra caution during large liquidity operations. For investors participating in DeFi, this is a noteworthy case that highlights the vulnerability of a single liquidity pool when handling large transactions.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
13 Likes
Reward
13
6
Repost
Share
Comment
0/400
CryptoPhoenix
· 1h ago
Remember, every market drama is teaching us how to live. The cost of 3.73 million is still a cheap lesson... The opportunity for rebirth is right in front of us.
---
Once again, this kind of bloody lesson. Large liquidity operations are truly invisible knives. I'm restoring my mindset...
---
Slippage is like an invisible hand reaching into your pocket. Opportunities and risks in the bottom range have always been twin brothers.
---
To be honest, this wave of Yield reminded me why diversification is necessary. You can't go all-in on a single pool. That's the wisdom gained from bloodshed.
---
Trading 384,000 GHO for 112,000 USDC? Wow, how serious must the market depth problem be... But great opportunities often hide in such extreme situations.
---
Having gone through so many rounds, I can now laugh at these things. It takes this kind of resolve to traverse cycles.
---
Faith is still there, and opportunities are right in front of us. DeFi is like that—today's pit might be tomorrow's starting point.
View OriginalReply0
StakeTillRetire
· 1h ago
3.84 million coins only exchanged for 112,000? This slippage... outrageous, that's why I never put a large amount in a single pool
---
Another textbook-level negative example from a project team, the risks of DeFi are no joke
---
3.73 million just gone like that, luckily I had already learned to diversify my operations
---
This incident fully confirms what I said before—insufficient liquidity depth is truly a ticking time bomb
---
Yield this round was disastrous... no wonder everyone is starting to use cross-chain arbitrage
View OriginalReply0
AirdropHunterKing
· 1h ago
Bro, how outrageous is this slippage? 3.84 million coins for 112,000. This isn’t trading, it’s giving away money.
---
Once again, it's the lack of liquidity causing trouble. I’ve already said not to play big in a single pool, but some people just don’t learn.
---
373 million just gone? Damn, what size order would cause such severe slippage?
---
Yield really had a crash this time. Is this lesson worth 3.73 million? Anyway, I’ve learned my lesson.
---
Look at how others are making such big moves in small pools. Isn’t this just courting death?
---
It seems like someone in the crypto world pays tuition every week. This week, it’s Yield’s turn.
---
If stkGHO to USDC can slip like this, liquidity issues really need to be taken seriously. Everyone, take note.
---
No way, this is too tragic. 3.84 million shrank directly to 110,000. Leverage traders would be heartbroken hearing this.
---
Dealing with large amounts in a single liquidity pool is a trap. When will DeFi solve this problem?
---
Another bloody case. I have to double-check multiple times before big operations. It scares me.
View OriginalReply0
ContractTearjerker
· 1h ago
3.84 million tokens for 112,000? This slippage is incredible, it's just ridiculous
---
How dare Yield do this move? Liquidity is so poor, yet they still insist on swapping
---
Another DeFi big mistake scene, lacking depth but still forcing the swap, no wonder they lost
---
3.73 million just disappeared... Looks like multi-chain diversification is necessary, single pools are too fragile
---
GHO token itself has many issues, and this time it just爆雷
---
I just want to know who approved this transaction. Didn't they do any price prediction?
---
That's why I only trade in mainstream trading pairs. Small tokens usually have poor depth and are traps
---
Vault swap failure, a textbook-level failure case
View OriginalReply0
FloorPriceWatcher
· 1h ago
Tsk tsk, 3.84 million GHO only exchanged for 112,000 USDC? This slippage could choke someone to death
---
Once again, insufficient liquidity causing trouble. It seems large-scale operations really require more caution
---
3.73 million USD just evaporated, it hurts to watch
---
A single pool is so fragile, how can anyone still dare to operate so aggressively
---
There are quite a few issues with the GHO token, liquidity depth is really concerning
---
Oh my, is this the current state of DeFi? It's so easy to get cut like a leek
---
What do people say about the Yield protocol now? They wouldn't just run away, right?
---
This money is a total loss, who’s to blame... Still, it’s because I didn’t think things through
---
Why do you have to operate so aggressively in one pool? Is diversifying risk really that difficult
View OriginalReply0
BearMarketMonk
· 1h ago
38.4 million coins smashed into 112,000, this is what is called liquidity depth. Market sentiment turns around in an instant, like a mirage.
---
The fragility of DeFi has always been there, it's just that some choose not to see it. This time, it's a lesson learned.
---
The true survival rule is, don't rely on the pool to save you. In the face of cycles, liquidity is just an illusion.
---
3.73 million disappeared in slippage... right here, using money to verify how brutal market sentiment can be.
---
Handling large amounts with a single pool? Ha, isn't that just stepping on a landmine? Forget what history has taught us.
---
Look, this is the opposite of the bottom logic. Some are still betting on depth, but in the end, depth bet on them.
---
With GHO's fall, I realize that cycles are truly ruthless. Sometimes, value reversion happens so suddenly.
---
The sound of the bubble bursting is getting closer. Still don't believe it?
The Yield protocol suffered significant losses in a Vault swap operation, totaling approximately $3.73 million. The incident occurred during the exchange from stkGHO to USDC — due to extreme market slippage, 3.84 million GHO tokens were only exchanged for 112,000 USDC. This transaction exposed issues with current market depth and also serves as a reminder for users to exercise extra caution during large liquidity operations. For investors participating in DeFi, this is a noteworthy case that highlights the vulnerability of a single liquidity pool when handling large transactions.