Category: Yearn

After Yearn exploit, attacker funds frozen and reimbursement plans developing

February 5, 2021

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Seized funds bring the damage down to $9 million as multiple communities ponder the next step in reimbursing user funds 2644 Total views 13 Total shares Following an exploit last night that cost yield vault project Yearn.finance $11 million in stablecoin DAI, crypto community members from multiple projects have rallied to mitigate the effects, reclaim […]

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Finance Redefined: What’s a DeFi merger, anyway? Nov. 25–Dec. 2

December 3, 2020

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The biggest events in DeFi this week all involved Yearn.finance, the yield farming optimization protocol. I covered the first, Pickle Finance, in my last installment. Since then, we’ve seen integrations with Cream Finance, a lending protocol similar to Compound; Cover Protocol, an insurance provider that recently paid out users for the Pickle hack; Akropolis, another […]

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Yearn teams up with Akropolis to boost institutional outreach

November 30, 2020

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Akropolis says calling it a merger “is a bit of a misnomer.” 3443 Total views 19 Total shares Yearn.finance announced on Monday yet another merger, this time with Akropolis, a multiproduct decentralized finance protocol featuring yield optimization and undercollateralized loans. Like the Cream Finance merger announced last week, the two ecosystems will remain largely independent in […]

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Yearn Finance continues acquisition spree with Cover

November 28, 2020

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This morning, Yearn founder Andre Cronje announced the latest in a spate of high-profile mergers and collaborations for the multi-faceted decentralized finance (DeFi) protocol: Yearn Finance will be “joining forces” with market coverage provide Cover.  In a blog post, Cronje notes that the merger will be a natural one, as Yearn and Cover developers have […]

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Yearn Finance announces another ‘merger’ with the Cream lending protocol

November 26, 2020

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Yearn users will be able to use their strategy pool tokens as collateral for lending. 4118 Total views 33 Total shares Two days after Yearn Finance (YFI) and Pickle Finance joined forces in DeFi’s first effective merger, Yearn founder Andre Cronje published details of another upcoming integration with Cream, a lending protocol similar to Compound […]

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Yearn Finance formalizes operations budget as YFI rallies

November 15, 2020

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Price and social media sentiment swoon in unison as Yearn Finance formalizes operations budget. 229 Total views 6 Total shares After a three-day voting period, this morning members of Yearn Finance’s decentralized governance approved Yearn Improvement Proposal 54 (YIP-54), formalizing an ongoing budget for operational expenses.  YIP-54 aims to improve on previous proposals, including YIP-36 […]

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