1 quadrillion yUSDT minted in Yearn Finance exploit
The hack was detected by blockchain security firm PeckShield. The hacker swapped the yUSDT to other stablecoins. The hacker has also transferred 1,000 Ether to Tornado Cash. Blockchain Security firm PeckShield recently detected an exploit on the lending platform Yearn Finance that resulted in an irregular minting of over 1 quadrillion Yearn Tether (yUSDT) using […]
What is Yearn.finance (YFI) and how does it work?
One of the fastest growing DeFi projects, Yearn.finance has spawned a range of core products that provide passive earnings on crypto assets.This post was originally published on this site
These Are the Crypto Economy’s 5 Most Expensive Assets per Unit in August 2022
On July 18, 2021, Bitcoin.com News researched the top five most expensive crypto assets and at that time there were two digital currencies worth five digits in value, two tokens worth four digits in U.S. dollar value, and one valued at three digits. Today, a lot has changed but currently, bitcoin and the token yearn […]
Yearn Finance advocates for the adoption of ERC-4626 tokenized vault standard
The widely-popular DeFi protocol announced its support for the newly-passed ERC on Wednesday, stating that Yearn V3 plus ERC-4626 equals “Inevitable.”This post was originally published on this site
Finance Redefined: DeFi ‘Godfather’ Cronje quits, CAKE launches $100M venture arm and more
In this week’s DeFi newsletter, we will look at the Andre Cronje debacle, the Polygon upgrade, the rise of ThorChain and the growing value of the DeFi ecosystem with synthetic assets.This post was originally published on this site