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

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

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

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). TVL is calculated by multiplying the total number of tokens held by a protocol by their value in USD. Messari reported Yam’s TVL has doubled from $200 million to $400 million since the protocol collapsed on Aug. 13, and trading activity is up in the last 24 hours.

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