Anonymous devs behind a DeFi yield farm could steal $1B in 12 hours
A lot of trust is required to put money in Harvest Finance. Harvest Finance, a decentralized finance project that succeeded in attracting over $1 billion in funds locked, has an admin key that gives its holders the ability to mint tokens at will and steal users’ funds.As noted by auditing companies PeckShield and Haechi and highlighted by Chris Blec, a DeFi community member, the governance parameters are not set by a contract with clearly defined rules. An admin key, presumably held by the anonymous developers behind the project, could be used to arbitrarily mint new FARM tokens.This power....
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PRESS RELEASE. Yield Finance Farm (YIF) is a high-yield Defi farm that allows you to Stake, Farm, Lend, Borrow, and Earn. Bringing real value to yield farming, it’s a modern-age project designed to meet the demand for financial innovation and improved financial system efficiency through Defi and blockchain technology. It strives to create a decentralized financial ecosystem by used The YIF token to gain full access to all YieldFinanceFarm products. Allowing for community governance orchestrated in building decentralized products, after the launch of the protocol, YieldFinanceFarm....
PRESS RELEASE. Yield Finance Farm attempts to correct a few major issues plaguing the market at this time. Primarily, YieldFinanceFarm provides new crypto users an easier alternative to earn a passive income with the use of the latest and best strategies to invest. Compared to trading cryptocurrencies, yield farming requires less understanding and effort. In this way, the Yield finance farm provides a more secure alternative to trading cryptocurrencies without experience. Where to Buy YIF Tokens : (2nd Pre-sale Event is live) Yield Finance Farm is one of the few Yield Farming that has a....
As a result of DeFi protocols, access to finance has been democratized, allowing anyone with an Internet connection to gain access to opportunities and services. However, they only gained popularity after the ‘DeFi summer of 2020’ and the yield farming craze that followed.
The concept of yield farming has changed the way people view savings by becoming the standard means of generating passive income in the cryptosphere. Consequently, numerous DeFi protocols have developed their architecture and functionalities around yield farming. However, yield farming has....
There's a new yield farm for those backing Ethereum 2.0.
The popular emerging DeFi token, YFBTC has recently announced the launch of its yield farming program enabling Bitcoin hodlers to farm additional returns. The program also allows users holding wBTC & renBTC providing LP on UniSwap to gain additional farming yields through YFBTC.net. YFBTC is an alternative DeFi token to BTC, which is designed to […]