Yearn Finance successfully recovered 857.49 pxETH worth $2.39 million through a coordinated effort with Plume and Dinero teams.
Key Details:
- Recovery operation targeted yETH-related assets
- Transaction confirmed on Ethereum blockchain
- Recovery efforts continue actively
- All recovered assets will be returned to affected depositors
Important Security Note: Users should remain vigilant against impersonators claiming to represent Yearn Finance.
The recovery represents significant progress in addressing the exploit damage, with ongoing efforts to retrieve additional funds for affected users.
yETH update: With the assistance of the Plume and Dinero teams, a coordinated recovery of 857.49 pxETH ($2.39m) was performed. Recovery efforts remain active and ongoing. Any assets successfully recovered will be returned to affected depositors. etherscan.io/tx/0x0e83bb95b…
Yearn Confirms No Direct Exposure to Resolv USR Exploit, Adjusts Strategies
Yearn Finance has confirmed that none of its vaults or strategies have direct exposure to Resolv's USR stablecoin following a recent exploit. **Key Actions Taken:** - Strategies with potential indirect exposure have been de-allocated - yvUSD loopers are being de-levered as needed due to current borrowing costs - Team continues to monitor the situation closely The statement comes after Resolv experienced an $80M exploit where a compromised operator allegedly minted USR against minimal collateral, causing the stablecoin to depeg sharply.
yvUSD Locker Bonus Increased to 15% Following Strong Demand
The yvUSD locker bonus has been raised from 10% to 15% due to high user demand. **Key Details:** - Users who lock their yvUSD now receive a 15% yield boost on top of base returns - Locking requires a 14-day withdrawal cooldown period - The locked version is completely optional - regular yvUSD remains freely redeemable - The team will continue adjusting the locker bonus as the product develops This change rewards users willing to commit their funds for a longer period while maintaining flexibility for those who prefer immediate liquidity.
Katana DeFi Chain Launches Token, Partners with Yearn for Infrastructure
**Katana**, a DeFi-focused blockchain, has officially launched its token generation event (TGE). The chain is built using **Polygon CDK** and emphasizes deep liquidity, sustainable yields, and aligned incentives. A key feature is its revenue model - over **$3.8M in chain revenue** is being redirected back to active users. **Token mechanics include:** - KAT for staking - vKAT for governance voting - avKAT for automated management **Yearn Finance** is providing the infrastructure support for the platform. POL stakers can claim their allocations at [app.katana.network](http://app.katana.network).
🎯 Yearnament Chess Tournament Hits Cannes
**Yearnament Round 2: Chess Tournament** Yearn is hosting a chess tournament in Cannes on April 2, 2026, featuring Yearn's @bl4ckb1rd71. **Event Details:** - **Time:** 10am start - **Location:** Le Hive, 1 Rue de Metz, 06400 Cannes, France - **Registration:** [Sign up here](https://luma.com/jpcdtq5uRegistration) - **Important:** First 30 arrivals get slots (registration doesn't guarantee entry) @bl4ckb1rd71 will also participate in panels and deliver a talk at Vault Summit during the event. The tournament coincides with the broader DeFi activities in Cannes, including events hosted by Aave, Maple Finance, Chainlink, and others at the Palais des Festivals.
Katana Adds Lender-Borrower Strategies to BTC and ETH Vaults
Katana has deployed new lender-borrower strategies for its yvvbBTC and yvvbWETH vaults. **How it works:** - Vaults use underlying assets (WBTC/vbWETH) as collateral on Katana Morpho markets - Borrow stablecoins against this collateral - Deploy borrowed stablecoins into matching Yearn vaults on Katana **Benefits for depositors:** - Earn the spread between borrowing and lending rates - Receive both borrow rewards and yvToken rewards - All KAT rewards flow directly to vault depositors - Higher overall yields expected for WBTC and vbWETH depositors