Yam plans protocol overhaul despite first successful V3 rebase

Cointelegraph

Published Sep 22, 2020 10:08PM ET

Updated Sep 22, 2020 11:40PM ET

Yam, the decentralized finance (DeFi) sector’s original food-themed clone protocol, has successfully completed its first rebase since its V3 relaunch.

Yam’s relaunch on September 18 followed the spectacular failure of Yam V2 last month — where a bug in the protocol’s unaudited code rendered governance impossible after only two days by rebasing the token’s supply 10 times higher than its design intended.

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