# After Yearn exploit, attacker funds frozen and reimbursement plans developing

# After Yearn exploit, attacker funds frozen and reimbursement plans developing

“# After Yearn exploit, attacker funds frozen and reimbursement plans developing ” Following an exploit last night that cost yield vault project Yearn.finance $11 million in stablecoin DAI, crypto community members from multiple projects have rallied to mitigate the effects, reclaim exploited funds, and reimburse affected users.  First reported by the project at 5:09 pm…

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# Yield farming fuels 623% growth in DAI supply to nearly B

# Yield farming fuels 623% growth in DAI supply to nearly $1B

“# Yield farming fuels 623% growth in DAI supply to nearly $1B ” Decentralized finance’s (DeFi) explosive third-quarter brought significant growth to Ethereum (ETH)-compatible stablecoins. According to crypto market data aggregator Messari, the supply of MakerDAO’s DAI stablecoin grew by 623% in Q3 2020, pushing the token’s value above $1 for four consecutive months. Since…

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