99% Crash in One Minute: The Rise and Fall of DeFi Darling YAM

"Crash 99%, collapse in one day" The dream began at 3 AM yesterday and ended at 4:20 PM today, lasting 37 hours. At 3 AM on August 13, the DeFi project YAM Finance officially announced the launch of liquidity mining. The market reaction was immediate. In less than an hour of launch, investors injected $76 million into YAM's staking pool.