
Yearn Finance DAI Vault Exploited, Attacker Pockets $2.8M after Draining $11M
News of the hack caused the Yearn’s native currency YFI to fall by around 15%, from $35,000 to just under $30,000
$35 285
1H
2.03%$702.0
24H
2.41%$830.4
7D
-1.83%$-657.8
The purpose of yearn.finance is simple. Yield aggregator for lending platforms that rebalances for highest yield during contract interaction.
News of the hack caused the Yearn’s native currency YFI to fall by around 15%, from $35,000 to just under $30,000
Decentralized Finance (DeFi) protocol Yearn.Finance is advancing in its season of mergers with the latest announcement coming in to feature another DeFi notable DeFi giant SushiSwap.
Y Financial’s index token holders have robust opportunities to voice their opinion. Each YFIN index token holder is eligible for YDOT governance tokens at a 1:1 ratio.
Developed by the SpaceSwap team, shadow staking minimizes the number of transactions within the network and makes the process transparent.
The DeFi market has plunged over the last month of October as some of the top performers of summer 2020 have seen valuations crashing. Analysts think that the majority of the money from the DeFi market profit-booking has gone to Bitcoin.