Defi Implosion: YAM Token Market Cap Plummets to Near Zero Founder After 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. 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 Founder After Claims He ‘Failed’ appeared first on Bitcoin News.