ChainCatcher message, according to Scam Sniffer monitoring, over 10 million dollars worth of Pendle yield tokens have been stolen due to phishing attacks in the past few months. Users are advised to remain vigilant when signing approvals related to yield tokens.

ChainCatcher news, reported by The Block, that the Ethereum Layer2 network Mantle Network has launched a yield-generating token USDY, supported by real-world assets, in collaboration with the tokenized financial product platform Ondo Finance.It is reported that USDY is similar to USDT or USDC, and is a tokenized note backed by short-term U.S. Treasury bonds and bank demand deposits. Holders receive yields generated from the underlying assets in the form of accumulated token value.