This is DeFi leader's fourth merger in a week.
Yearn Finance continues its big week with another partnership. As the project seems to make use of the title And ability to improve accessibility
This time, the Decentralized Finance Project (DeFi) is partnering with Akropolis, its partner DeFi project.
- Mutual benefit To make it move forward
The Akropolis Lending and Savings Program confirmed it is partnering with the Yearn Finance program. The two projects will be combined to take advantage of each other's strengths to "do what is best".
When you try to look deeper it explains that Akropolis developers will use Yearn Finance's infrastructure to improve its operational strategy. They will benefit from the expanded Yearn Finance system that now includes lending.
Yearn Finance also announced a partnership with Cream on Thursday, at the time that the project's founder, Andre Cronje, explained: The two projects will work together to launch the second generation of Cream, an improvement on the latter's project. They will combine development resources. And strengthen the integration between them
For Yearn, it will benefit from dealing with institutional investments. And Akropolis' business development acumen, Akropolis is also committed to phasing out Spart and AkropolisOS, two products unrelated to coin production. Both products will be moved to open development. With an emphasis on the front line, it will provide professional investors with access to new systems from both companies.
- Better insurance
The merger also includes a commitment to help Akropolis recover money it lost to the latest security breaches. Earlier this month, the project confirmed that hacking was carried out on several smart contracts in the savings group, Akropolis explained that the hackers were targeting areas that had been double audited. However, the Curve sUSD and Curve Y savings groups were also affected.
Blockchain records on Ethereum show that Hackers can steal more than 2,030,000 DAI coins using smart contract vulnerabilities. They moved the money to a different address shortly after.
Akropolis confirmed most of the locked assets were safe in an official statement, however the project has temporarily halted production of all coins. He added that it would find a way to refund the affected user.
To take advantage of the Yearn Finance project, explain that It will introduce IOU to track the stolen funds. Akropolis will redirect profits to the coin fund to return the money to all affected users. And it will streamline the integration of insurance schemes to ensure more users are covered in the future.
