Down to the Wire: Yam Finance Saved at the Last Minute

After a tense day, the most talked about new decentralized finance (DeFi) protocol YAM Finance has overcome a near-catastrophic code error.

The future of Yam Finance was abruptly thrown into question earlier today when a bug in the protocol’s code resulted in excessive YAM reserves being minted — rendering it “impossible to take any future governance actions.”

The project quickly asked for community support, offering rewards to YAM miners and token-holders who were willing to pledge their tokens toward a pool of 160,000 coins to recapture governance over the protocol before the 7am UTC deadline, allowing just seven hours to save the project.

A late surge of support saw YAM surpass its target with just 90 minutes to spare.

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