YAM V3 Coming This Week, But DeFi Community Remains Wary

YAM V3 Coming This Week, But DeFi Community Remains Wary


Having failed spectacularly the first time around, controversial “experimental” DeFi project YAM is preparing to launch Version 3 on Friday, September 18.

After a month of interim governance and auditing, YAM is set to relaunch on Friday, September 18.

Please see here for full information: https://t.co/1Mra5biT59

You can view the audit here:https://t.co/VhITXIBIN3

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— Yam Finance (@YamFinance) September 14, 2020

Those in the crypto community will be well aware of the disaster that was YAM Version 1. In short, it exploded onto the scene, peaking at a $650 million market cap. But the discovery of a bug in its rebasing contract crashed the price in less than two days.

With that, YAM founder Brock Elmore tweeted his regret at having failed.

YAM co-founder tweets about failure of the project

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