August 13, 2020 YAM goes to zero after flaw discovered in code.

YAM, a yield farming protocol launched on Tuesday, saw its market capitalization dropped from $60M to zero in under an hour today. This occurred as the result of a recently discovered flaw in the protocol’s code, which would make YAM tokens useless for governance. Plans for a second instantiation of meme coin have already been announced by developers.

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