Yield Protocol declares full restoration from Euler hack, awaits person token alternate

Yield Protocol introduced on June 27 that it had absolutely recovered from the Euler flash mortgage assault. Liquidity suppliers can now replace their technique tokens, the protocol mentioned on Twitter. That was the final step to protocol restoration after “a protracted journey.”

Yield Protocol was one of many 11 decentralized finance protocols that suffered losses after the assault on the noncustodial lending protocol Euler Finance. It paused mainnet borrowing after the hack on March 13 and claimed losses from its liquidity swimming pools had been beneath $1.5 million. Euler misplaced over $195 million within the assault.

Proceed Studying on Coin Telegraph