A day in a life of a YAM >"The viral DeFi project Yam Finance's YAM token has lost more than 90% of its market capitalization within a few minutes due to a bug."

Raising millions and keep forgeting to thoroughly check code. It is a pure greed driven action.

Crypto exchange [Gate.io](http://Gate.io) announced it will reinstate deposits, withdrawals for YAM, with trading set to resume at 14:30 UTC

"The viral DeFi project Yam Finance's YAM token has lost more than 90% of its market capitalization within a few minutes as a "potential flaw" gets uncovered. "We are urgently investigating a potential flaw...We strongly advise exiting the Uniswap YAM/yCRV pool prior to rebase at 8am UTC (35 mins)," Yam.Finance tweeted today. yCRV is a basket of yield-generating stablecoins on the Curve protoco"

Yam Finance went on to say that it believed achieving quorum for a bug-fix proposal would allow it to "save the protocol," and "quickly rallied the community to delegate their votes towards this end.

It all happen due to one bug and when yam posted one article on their blog about this bug after this the market cap of yam fell from 475 million to 18.5 million dollar.

[https://cashessentials.org/news/energy-guzzling-bitcoin-not-so-environmental-friendly/](https://cashessentials.org/news/energy-guzzling-bitcoin-not-so-environmental-friendly/)

[#Breakthrough](/crypto/new/Breakthrough) , will it be possible to regain the reputation!

Voat

[#cointelegraph](/crypto/new/cointelegraph) .com