Yearn Finance

2 stories

Curve Wars heat up as veCRV locking shifts DeFi power

Protocols are locking CRV for veCRV to steer Curve's emissions. This has set off fierce competition, bribe markets, and new risks for users. Convex now holds over half of all veCRV, splitting yield and governance into separate layers.

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Term Finance Hit by $8.5M Exploit After Governance Takeover

Term Finance suffered an $8.5 million loss after an attacker gained control of its Meta Vaults through a governance exploit, draining nearly all ETH deposits and forcing the protocol to shut down affected products

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