Update yBold info#678
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rossgalloway
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Jul 22, 2026
| - Optimized rewards dumping: Instead of using hardcoded swap paths, Yearn sells liquidation collateral through a permissionless Dutch auction where MEV bots compete to fill. The auction starts at a buffer above the oracle price (≥115%) and floors at 95% of oracle, and refuses to sell at stale oracle prints. This is structurally better execution than a manual swap, with no sandwiching. | ||
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| - Immutable: yBOLD is designed with immutability in mind. A few months after launch, once we're confident no funny stuff happens, we'll revoke any privileged rights (which are almost non-existent anyway). | ||
| - Oracle-independent price discovery: Collateral rewards are sold via competitive auction rather than being marked-to-market at an oracle price at report time. An oracle only provides a 95% safety floor (and stale-price guardrail) for the auction, it does not set the realized sale price. |
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seems like this line could be combined with the prior one as they seem to repeat very similar information
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Supersedes #677