"Mining Sweet Potato" Collapse Chronicle: Crazily Absorbed $460 Million, Crashed in 36 Hours

By: Ratchet Lin Ge Over the past two days, DeFi project "Sweet Potato" YAM has stirred the hearts of almost all DeFi players. 20,000% APY, $460 million locked, YAM set a new record for DeFi projects. In less than a day of listing, this DeFi new star aggregated 10% of the entire DeFi ecosystem's assets, with seemingly bright prospects. However, less than 36 hours after launch, YAM announced its collapse. What brought down this myth was nothing more than one line of code — a fatal flaw.