Yield farmers excited about the recent decentralized finance (defi) project, Yam Finance, got a rude awakening after the token’s value plummeted in value to near zero. Yam Finance developers discovered a major flaw in the rebasing contract and at 4 a.m. ET, cofounder Brock Elmore tweeted that he was sorry he “failed.” On Wednesday, well […]
The post Defi Implosion: YAM Token Market Cap Plummets to Near Zero After Founder Claims He ‘Failed’ appeared first on Bitcoin News.
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