YieldProtocol

  • YieldProtocol Shuts Down Main Network Lending Operations Following Euler Attack

    On March 13, it was reported that due to the Euler attack, YieldProtocol had closed the operations related to the main network lending. Yields main network liquidity pool was established on Euler, and Euler suspended the main network contract. At present, Yields has removed the application and closed the lending entry in the official website UI. YieldProtocol has closed operations related to main network lending due to Euler attack Analysis based on this information:On March 13, news came in that YieldProtocol, a decentralized finance (DeFi) platform, had shut down its main network lending operations due to the Euler attack. Euler, a project that aims to create a universal platform for financial applications, hosts Yield Protocol’s main network liquidity pool. However, after discovering a vulnerability in the Euler code, the team behind YieldProtocol decided to suspend the main network contract. As a result, YieldProtocol was forced to remove its application and close the lending entry in the official website user interface…

    03/13/2023
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