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$200M Risked in YAM-Inspired DeFi Protocol in Under 12 Hrs.

The yield-farming trend stays: investors have transferred $200M into a meme coin that’s barely 12 hrs. old, has no public figurehead, or any audited code. Spaghetti Money bids staking pools in some DeFi tokens, together with yEarn (YFI), Maker (MKR), and Compound (COMP).They were partaking solitary hurled 10-hrs. Ago, investors have so far staked a total of $203M in digital assets into its protocol. Total value locked (TVL) had upsurge $3M just as CoinDesk was going to press.Spaghetti doesn’t have a public team, nor has its code been audited. Several of the code for staking loots came from YAM –…

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