ChainCatcher message, regarding LayerZero's forced donation behavior, Yearn core developer banteg stated on social media that mandatory donations resemble a beautified ICO. He also called for an end to the bulk funding of ProtocolGuild, as it has already successfully attracted funding and should seek other smaller initiatives to support.

ChainCatcher message, Yearn core developer banteg posted on social media: "Ape Safe (Ape version) is preparing to launch to the public. A lot of work will be put into building an excellent safe wallet client. Users will be able to use the wallet just like using a private key account. Making transactions as simple as contract.method(sender=safe)."

ChainCatcher message, yearn posted on platform X stating that it has several Sonne strategies on Optimism. Sonne has paused its market, which means users are currently unable to withdraw from these Vaults.Additionally, yearn contributors are working with the Sonne finance team to provide assistance and support as much as possible.

ChainCatcher news, Yearn announced that it will launch the new YBS staking system for yPRISMA on Thursday (May 9) at 00:00 UTC according to the YIP-77 proposal. All yPRISMA stakers need to migrate their assets to continue earning staking rewards. The best migration period is within one week after the new system goes live. Users can choose to deposit into the new yPRISMA Yearn gun pool yvyPRISMA, or directly stake into the new Yearn Boosted Staker (YBS).It is reported that the yvyPRISMA option is suitable for users who want to increase their yPRISMA positions and are more concerned about Gas costs. The YBS direct staking option is suitable for users who want to earn stablecoin rewards, do not mind additional Gas costs, and expect to become long-term participants in the ecosystem.In addition, YBS adopts an innovative mechanism to incentivize long-term stakers by providing them with higher rewards. Rewards will be distributed in the form of Yearn gun pool wrapped stablecoin yvmkUSD-A, which can be claimed at the beginning of the week after staking for a full week.To ensure safety, the reward contract will ignore the staking amount during the first week of staking. Therefore, no users will be eligible to receive the 1x boost before May 23 after the new system goes live. Users who complete the migration within the migration week (before May 16, 00:00 UTC) can claim the accumulated double rewards on that day.Users who migrate after the migration period will miss out on a week of double rewards. The original yPRISMA staking contract will be deprecated this Thursday.

ChainCatcher news, the yield aggregation protocol Yearn announced on social media that Vaults v3 has been launched on the Ethereum mainnet.

ChainCatcher news, the DeFi aggregator Yearn Finance stated that a faulty multi-signature script affected 63% of Yearn's LP positions in Lp yCRV, resulting in a total loss of $1.4 million before funds could be returned, which accounts for about 2% of the entire treasury funds, with no user funds affected.According to a disclosure post on Github, the incident occurred during the "routine fee token conversion process on behalf of the Yearn treasury." The faulty script led to the exchange of 3,794,894 lp-yCRVv2 tokens for 779,958 yvDAI tokens.

ChainCatcher message, Yearn stated on social media that the dYFI/ETH Curve pool is now live. Users can stake Curve LP tokens in the yVault, then go to the veYFI page and stake yVault tokens in the Gauge to receive rewards for the day.

ChainCatcher news, according to The Defiant, Yearn Finance has undergone a comprehensive overhaul of its token economic model and introduced a voting lock mechanism.Stakers can choose to lock their YFI tokens for a period of one week to four years to convert them into non-transferable ve YFI tokens. Users can stake vault tokens to earn YFI rewards, which are distributed in the form of d YFI and can be used to redeem YFI tokens at a discounted rate.Holders who commit to staking their YFI for a longer duration will enjoy enhanced rewards. While users can flexibly exit their positions before the end of the lock-up period, they will face a reward penalty of up to 75%. veYFi is now the exclusive voting token for Yearn governance.

ChainCatcher news, according to official sources, the DeFi yield aggregator Yearn has launched on Base.

ChainCatcher message, Yearn officially announces that yETH has been officially launched. yETH can be understood as an index token based on liquid staking derivative tokens (LST) such as stETH, rETH, cbETH, allowing users to diversify their ETH staking exposure across multiple different staking protocols through a single exposure.

ChainCatcher message, the yield aggregation protocol Yearn tweeted that all services have been migrated to backup infrastructure, and everything is normal at yearn.fi. Yearn has requested MetaMask and Coinbase to blacklist the ".finance" domain, and the secure application has been migrated to a new address. The Ledger integration will be updated tomorrow, and there may be issues with the WalletConnect integration. API users should migrate to "ydaemon.yearn.fi".

ChainCatcher message, DeFi yield aggregator Yearn stated on social media that the team has noticed the domain registrar issue of yearn.finance and is working to resolve it, advising users to switch to yearn.fi.

ChainCatcher news, the Yearn community has voted to approve the proposal "Launch V3" YIP-75, with a final support rate of 83.47%.It is reported that the proposal suggests launching the complete V3 system, allowing anyone to deploy V3 vaults and strategies without permission.

ChainCatcher message, the Yearn community's proposal to "launch V3" has opened for voting, which will end at 03:34 Beijing time on August 31. This proposal aims to launch the complete Yearn V3 system, allowing anyone to deploy the latest generation of yield-generating Vaults and Strategies without permission. Yearn V3 seeks to commoditize the functionality of Yearn Vaults and simplify the writing of Strategies.The first version of Yearn V3, 3.0.0, has now been deployed on the Ethereum mainnet, Polygon, Optimism, and Avalanche, but the initial public promotion is focused on Polygon.

ChainCatcher message, the Yearn community's proposal on "Wintermute YFI Loan and CRV Plan" has opened for voting, which will end at 02:14 Beijing time on August 31.In this proposal, Wintermute requests the Yearn community to approve a YFI loan to Wintermute Trading and authorize the transfer of 350 YFI (approximately $1.98 million) from the DAO treasury to Wintermute Trading, with a loan term of 12 months and an interest rate of 0.1%, to be paid in kind at the end of the loan.At the same time, Wintermute plans to use up to 3 million CRV (approximately $1.4 million) to purchase yCRV and deploy it into the yCRV-CRV Curve pool.

ChainCatcher news, Wintermute has modified the proposal previously submitted to the Yearn Finance community, planning to store CRV tokens in a 3/4 or 4/6 multi-signature wallet, which requires the approval of at least one Yearn team member to execute transactions. At the same time, Wintermute proposed to extend the staking period of CRV in Yearn to 12 months, aligning with the loan term of YFI tokens, while suggesting that YFI can be returned and CRV collateral reclaimed after 6 months.Previous news, Wintermute intends to apply for a YFI loan from the Yearn Finance community and requests to transfer 350 YFI (2.18 million USD) from the DAO treasury to Wintermute Trading for a period of 12 months, with an interest rate of 0.1%, to be repaid in kind at the end of the loan term.

ChainCatcher news, DWF Labs has proposed a partnership regarding CRV and YFI in the Yearn community.Due to a recently discovered bug in the Vyper version, CRV is facing significant challenges with on-chain liquidity being drained and multiple loan positions potentially being liquidated. To support the CRV community, DWF Labs has accumulated 12.5 million CRV (approximately 5 million USD), becoming one of the largest CRV holders.DWF Labs aims to establish a long-term partnership with Yearn, deploying a portion of its CRV position and providing liquidity for YFI on CEX and DEX, requesting a loan of 350 YFI (approximately 1.95 million USD) from the DAO treasury. DWF Labs proposes to use up to 3 million CRV (approximately 1.34 million USD) to purchase vCRV and deploy a mixed asset of vCRV and CRV into the vCRV-CRV pool, staking it on Yearn for at least 12 months.Additionally, DWF Labs agrees to repay the full loan of 350 YFI at the end of the 12-month term and to pay 1% annual interest to the DAO treasury every 4 weeks.

ChainCatcher news, the Yearn community recently proposed a new proposal aimed at launching the complete Yearn V3 system, which will confirm the design specifications of V3 and support its deployment.The V3 system will allow anyone to deploy vaults and strategies without permission. V3's vaults and strategies will be completely independent, meaning one vault can deploy capital to multiple strategies, while strategies can accept capital from different vaults. The V3 proposal outlines significant improvements for vaults and strategies, including higher composability, decentralization, customization, efficiency, and profit-locking mechanisms.Additionally, V3 introduces a protocol fee controlled by governance, ensuring that the Yearn treasury continues to generate revenue. The proposal states that the initial rollout of V3 will focus on areas that V2 has not widely explored, starting with promotion on Polygon and then expanding to other chains such as Arbitrum, AVAX, Optimism, and Ethereum.