Yearn Finance Liquidity Pool Exploit on Polygon

馃毃 Whale Farms Yearn Pool

By Yearn
Mar 28, 2024, 5:46 PM
twitter

A user has been exploiting a liquidity pool on Polygon involving the Yearn Finance yvUSDC-A/USDC pool.​ They have been utilizing almost the full amount of USDC liquidity in this pool for the past month to leverage farm Yearn's V3 USDC vault, earning around 120% auto-compounded APY with minimal liquidation risk.​ This activity highlights potential vulnerabilities in decentralized finance protocols.​

Sources

Some Chad has taken almost the full amount of USDC liquidity in this @ajnafi yvUSDC-A/USDC pool on @0xPolygonDeFi for the past month. And they have been using it to leverage farm @yearnfi 's V3 USDC vault earning about 120% auto-compounded APY with almost 0 liquidation risk. 馃У

corn馃浉
corn馃浉
@omgcorn

You might have seen me post about @ajnafi enabled borrowing of $YFI and st-yETH on mainnet. Deposit $YFI or st-yETH and receive $DAI. Buuuuuuuuut did ya know Ajna is on @0xPolygonDeFi too? Deposit yvUSDC-A, receive $USDC. These markets are just ramping up. You can seed these

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