Yield Protocol is an Ethereum-based protocol for collateralized fixed-rate, fixed-term borrowing and lending. It is currently available on Ethereum Mainnet and Arbitrum.

Official webpage: https://app.yieldprotocol.com/

Official Twitter: https://twitter.com/yield

Official Discord: http://discord.gg/JAFfDj5

Yield is in Week 2 of Arbitrum Odyssey. According to the instructions, users must complete one of the following actions on the Arbitrum network during the event in order to collect Yield NFT:

• Borrow > $100 in assets
• Lending > $50 in assets
• Provide liquidity with >$50 of assets

Actions

Borrow >$100 worth of assets Go to the official website. Make sure you are currently connected to the Arbitrum network app.yieldprotocol.com

Borrow at least $100 worth of assets

Choose DAI as collateral if you want your position to be free from liquidation. Ensure that you provide enough of DAI (or other collateral asset) to cover your borrow position.

Your position will be liquidated when the collateralization rate falls below 140% (“Minimum” that you see on the screen).
For example, let’s say that 1 WETH = 830.36 USDC. Under the current collateral amount, if the ETH price falls below 830.36 USDC, your position will be liquidated.

Click the transaction confirmation, and finally check the position in "DASHBOARD".

Repayment:
Go to the "DASHBOARD" page to find the current loan to repay, and make sure you have enough USDC/DAI in your wallet to pay off the arrears.

Lend > $50 worth of assets

Click on Lend option and lend > $50 worth of assets

Provide liquidity with >$50 of assets
Click on Pool option and provide > $50 worth of assets

From Yield documentation: What is the difference between lend and pool? Lending earns you a fixed rate. When you pool, you provide liquidity for both borrowing and lending. The returns to pooling depend on the fees earned by the pool and the path taken by interest rates. Liquidity providers may also earn interest from fyTokens held by the liquidity pool.

What is the difference between “Buy & Pool” and “Borrow & Pool” under Pool options? Buy and Pool — this approach is best for users that are adding smaller amounts of liquidity. It minimizes gas costs while maximizing the amount of pool tokens received. This is the approach recommended for most users. Borrow and Pool — this approach is best for users that are adding significant amounts of liquidity to a pool. Although it may use more gas, this approach will not impact the current interest rate for the current series.

Troubleshooting

If you’re experiencing problems, see this list of problems and how to resolve them - https://docs.yieldprotocol.com/#/troubleshooting