Help Identify Mystery Fungus

We have some wierd looking fungus growing near some onions in our garden. I’m hoping someone can help identify what it is.

It certainly doesn’t look edible. It is a blob resembling cat barf, except that when you look closely you notice that it is very fibrous. It also is oozing a yellow substance that looks remarkably similar to egg yolk.

We noticed this growing in an area of the garden where we had added quite a bit of compost combined with a commercial topsoil. Does anyone know if the onions caught up in the middle of this stuff would be edible if harvested in another month or two? I’m assuming so, but I don’t know how long any toxins produced by this fungal beast would persist.