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27 September 2020

Yam Finance readies for less-disastrous relaunch

Yam Finance readies for less-disastrous relaunch


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The relaunch follows a period of interim governance during which community consensus was found regarding “all key issues for V3’s launch”, with the community voting to change Yam’s reserve asset to yUSD, extend the voting period to two days, and adjust the thresholds for proposals and quorum.

The audit found “several issues related to either security or performance” that could be further improved in Yam’s smart contracts — including 17 “basic coding bugs,” 12 issues found during PeckShield’s “advanced DeFi scrutiny” of “business logics” and “system operations,” and six additional recommendations.

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