dYdX Founder Calls Foul Play In $9 Million Insurance Fund Loss

Decentralized exchange (DEX) dYdX has had to take out millions from its insurance fund to cover user liquidations on its platform, according to a recent announcement. This action was forced by the recent liquidations in the Yearn.

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 […] The post 1 quadrillion yUSDT minted in Yearn Finance exploit appeared first on CoinJournal.

DeFi protocols unite to promote permissionless Web3 experiences

The collaboration of over 30 DeFi projects came as an effort to counteract the negative sentiments built in 2022 due to numerous CeFi ecosystem crashes.

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.

What next as Yearn.Finance token shoots 44% in a week?

Yearn. Finance arbitrages lending platforms for the best rates Yearn.Finance token has risen by… The post What next as Yearn.Finance token shoots 44% in a week? appeared first on CoinJournal.

YFI price prediction: Yearn Finance could sink by 30%

YFI price rose for five straight days as investors bought the dip in DeFi…

The post YFI price prediction: Yearn Finance could sink by 30% appeared first on CoinJournal.