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
— 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.