YAM Finally Finds Fertile Ground After Successful Rebase

Yam Finance’s successful monetary exercise yesterday marks a new start to DeFi’s original food-based token.

YAM V3 Coming This Week, But DeFi Community Remains Wary

Having failed spectacularly the first time around, controversial “experimental” DeFi project YAM is preparing to launch Version 3 on Friday, September 18.

YAM Tokens Surge 40% as v3 Relaunch is Announced

Yam Finance has just announced that it will be relaunching at the end of this week.

Researchers identify 10 security flaws with SushiSwap

As yield farmers race to reap fast returns from the next hot Uniswap clone, security researchers caution about the risks of unaudited smart contracts. Blockchain security firm Quantstamp has published a security review of hyped DeFi protocol SushiSwap, identifying ten issues with the platform.  The good news is the issues with the Uniswap fork aren’t likely to be fatal — unlike the critical bug that took out YFI clone YAM after 48 hours.

New DeFi Protocol Locks in $500M in Hours

It’s not SUSHI. It’s not YAM.

Yearn, YAM and the Rise of Crypto’s ‘Weird DeFi’ Moment

What do these various memecoins do? Here's the rough TL;DR of the latest tokens to top the DeFi charts.

Audits first: ‘No strings-attached grants’ to prevent DeFi debacles

Fair Launch Capital’s business model may help prevent future YAM DeFi debacles. A new project called Fair Launch Capital claims to be offering a new way for founders to fund crypto networks. According to an Aug.

YAM Will Never 'Become Money', YFI Exceeds Bitcoin Price

Despite branding itself as money, the much-discussed and recently troubled decentralized finance (DeFi) token YAM will never achieve this, and real utility for the token must be found to keep the bubble from popping, popular crypto researcher Hasu said.

From YAM to Spaghetti: The New DeFi Trending Token Now Has $250M Locked

The DeFi craze continues with full force.

Ethereum DeFi’s Hottest Project YAM is Being Revived After Implosion

Most readers are likely aware of Yam Finance, an Ethereum-based decentralized finance project that took the industry by storm last week.

YAM prepares for a second life

After $115k was donated for a security audit, Yam presented a two-phase rollout to transition the protocol transitions to a fully audited system.

Bitcoin News Roundup for Aug. 19, 2020

With bitcoin pulling back from its bull run and the emergence of YAM-inspired “Spaghetti Money,” CoinDesk's Markets Daily is back for your latest crypto news roundup!

First Mover: Money Legos Turn ‘Exuberant’ as Chainlink Stripped of ‘DeFi’

This year's growth in the cryptocurrency subsector DeFi has been so remarkable that some analysts are now calling the phenomenon "exuberant."

$200m Staked in YAM-Inspired DeFi Protocol in Under 12 Hours

The DeFi craze continues as investors stake $200 million in a new yield farming protocol that's not even 12 hours old yet.

Investors Tip $400M Into Failed DeFi ‘Yam’ Project Hoping for a Sequel

‘These kinds of token experiments are not going away,’ Messari said about DeFi project YAM doubling its total value locked. Experimental DeFi protocol Yam Finance all but collapsed last week following the discovery of a fatal error, but the project has since gained $200 million in total value locked. According to a report from crypto analytics firm Messari, Yam is still the 7th largest Defi project according to total value locked (TVL).

YAM Finance Announces Protocol Migration Plan: Will This Save The Crashing Project?

With YAM Financial’s token value almost at zero, the team behind the project has proposed a two-phase migration plan that could see an audited version.

Andreas Antonopoulos: Hex Team Offered Me 10 BTC to Speak Well of Their Token

Andreas Antonopoulos says he was offered 10 BTC for an interview with the objective to show that Hex is not a scam.

Cryptoverse in Chaos: Giants Race for New DeFi Darling Curve, Yam Plots Comeback

The governance token CRV of Curve, exchange liquidity pool on Ethereum (ETH), was launched prematurely by an anonymous 'Chad,' and major exchanges moved to list it, as numerous theories are flying around, while YAM announced its transition to 2.0.

Ethereum Transaction Fees Drop By 60% After Collapse of Yam Finance

Ethereum transaction fees are diving after the latest leg higher in decentralized finance (DeFi) has slowed down to an abrupt halt.

$99 Gas Fees on Ethereum Are Crippling DeFi’s Growth

Skyrocketing Ethereum fees and the exorbitant costs of interacting with DeFi smart contracts, threaten the growth of the sector. The surging popularity of decentralized finance (DeFi) protocols on Ethereum (ETH) has contributed to skyrocketing fees, with the network processing an all-time high of $6.87 million in total fees yesterday.  Speaking to Cointelegraph, Synthetix (SNX) founder and CEO, Kain Warwick warned that high fees were impacting the growth of DeFi, stating: “In the last three months, we’ve gone from an environment where DeFi was expensive to use and a little bit slow, to now, [where] for a lot of people it’s prohibitively expensive.” Ethereum fees have spiked nearly 100% over the past 24 hours as congestion saw transaction expenses smash the previous high of $3.27.  Ethereum transactions fees, 3-month chart: BitInfoCharts While the average Ethereum transaction fee is more than the daily income in many countries, the additional smart contract executions needed to engage with DeFi protocols has seen users report fees of up to $100. Major roadblock to growth The rush to stake coins in the doomed YAM protocol saw numerous SNX stakers report transaction fees as high as $99 when seeking to collect weekly participation rewards.

How DeFi ‘Degens’ Are Gaming Ethereum’s Money Legos

From first heartbeat to last breath, YAM lasted less than 48 hours.

Defi Implosion: YAM Token Market Cap Plummets to Near Zero After Founder Claims He ‘Failed’

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.

Blockchain Bites: Coinbase’s Loans, Ethereum’s Fees, YAM’s Bug

Ethereum fees and miners' profits are at all-time highs.

Average Ethereum Transaction Fees Soar To New ATH as Yield Farming Booms

Following the massive demand in the YAM token, the Ethereum average fees have reached a new all-time high of about 0.02 ETH per transaction. The post Average Ethereum Transaction Fees Soar To New ATH as Yield Farming Booms appeared first on CryptoPotato.

YAM Madness Drove LINK to New ATH Above $17, Will It Last? (Chainlink Price Analysis)

Chainlink surged by another 18.5% today to bring the price for the coin as high as $17.90.

YAM Token Holders ‘Burnt the Hardest’ After Price Plunges to Zero

Yam Finance, an experimental DeFi protocol, crashed to zero after the discovery of a rebase bug.

Multimillion DeFi YAM Gets Rotten as Bug Eats Its Market Cap

The 'Save YAM' operation failed, as a flaw that prevents the hottest, two days old decentralized finance (DeFi) project from being rescued has been discovered.

YAM’s Market Cap Falls From $60M to Zero in 35 Minutes

YAM’s market cap fell to zero just minutes after the co-founder pronounced the yield farming project dead.

YAM Finance Crashes Over 90%, Founder Admits His Failure

YAM, the latest project that gathered most of the community's attention in the past 48 hours, saw upwards of 90% of its dollar value disappear. The post YAM Finance Crashes Over 90%, Founder Admits His Failure appeared first on CryptoPotato.

DeFi token YAM uncovers further flaw in $400 million lockup

The unaudited DeFi “money experiment” asked users to exit liquidity pools as it unearthed a major smart contract risk today.

DeFi Meme Coin YAM Succumbs to Fatal ‘Rebase’ Bug

DeFi meme coin ‘YAM’ has lost control of its on-chain governance feature following a reported bug.

Down to the Wire: Yam Finance Saved at the Last Minute

Catastrophe has been narrowly averted by YAM Finance after the DeFi community rallied in support of a campaign to recapture governance over the protocol. After a tense day, the most talked about new decentralized finance (DeFi) protocol YAM Finance has overcome a near-catastrophic code error.  The future of Yam Finance was abruptly thrown into question earlier today when a bug in the protocol’s code resulted in excessive YAM reserves being minted — rendering it “impossible to take any future governance actions.” The project quickly asked for community support, offering rewards to YAM miners and token-holders who were willing to pledge their tokens toward a pool of 160,000 coins to recapture governance over the protocol before the 7am UTC deadline, allowing just seven hours to save the project. A late surge of support saw YAM surpass its target with just 90 minutes to spare. DeFi community unites to save YAM While Yam’s outlook appeared bleak, when only one-third of the required tokens had been contributed two hours into the campaign, widespread efforts from across the DeFi community quickly rallied strong support for the protocol. The support included efforts by CoinGecko, Synthetix, and Curve Finance to encourage contributions to Yam’s campaign, while numerous “benevolent YAM whales” farmed YAM on Uniswap to bolster the number of tokens allocated towards recapturing governance.

This Potato-Themed DeFi Protocol is Sending Shockwaves Throughout the Crypto Market

Crypto Twitter has been captivated by a newly launched protocol called YAM that is structurally similar to Ampleforth – in terms of its regular rebasing – with the same “meme potential” as other popular DeFi tokens like YFI.

Defi Project Yam Finance Sees Over $500M Locked in 24 Hours, Devs Reveal Contract Bug

A new yield farming project is all the rage this week, as the Yam Finance project saw over $460 million dollars locked into the platform in 17 hours on Tuesday.

YAM Developers Reveal Bug in Rebase Contract

Shortly after the launch of YAM, the developers revealed that there is a bug in the rebasing mechanism.

YAM: The emoji that drew $400M in less than a day

DeFi traders pour millions into a one-day-old project just to get YAM meme coins.

Ethereum DeFi’s “Yam” Protocol Encounters First Bug; User Funds Secure

Ethereum’s Yam Finance protocol has been the hottest crypto project of the past 24 hours.

Is 2017 Here Again? Hype Led By YAM Seeing DeFi Tokens Skyrocket

YAM is all the rage within the cryptocurrency community today as the token is propping the entire DeFi market, causing a lot of cryptocurrencies to chart double-digit increases.

Deposits in ‘Monetary Experiment’ Meme Token YAM Break $460M

YAM, DeFi’s latest farm-fresh product, has never been audited.