Yearn - REKT 2
rekt in prod… eventually. Over two years since its first leaderboard entry, Yearn has lost over $10M from an original iearn finance contract. As we wrote last time, no protocol is too big to fail. Who will be next?
Cream Finance - REKT 2
Cream Finance has been hacked (again) for ~$130 million. The Yearn Finance decentralised monopoly has grown too large. Why accumulate so many protocols if you don’t care for their users?
Yearn - REKT
No protocol is too big to fail. The extreme power of flash loans makes blue chips fade to black. Even the mighty Yearn falls victim to the arbitrageur. Will Yearn be bailed out by CeFi?
Decentralised Monopoly
We can’t change the cards we are dealt, but we can change how we play the game. Players who are skilled enough to roll the dice in their favour can rewrite the rulebook, while others take a chance card and hope they don’t get rekt.