Cryptocurrency (Mar 05, 2021 11:40AM ET)
Decentralized finance (DeFi) protocols Yearn Finance and Cover have announced today the end of a protocol merger process initiated in November last year.
The two protocols were initially linked during a spree of a half-dozen Yearn acquisitions, mergers, or collaborations, the exact term depending on the project. The split comes as a surprise to many, given that Cover, a protocol that provides coverage or insurance for DeFi deposits, was a natural fit for yield vault provider Yearn. The teams had also collaborated in crisis situations in the past, such as when Cover experienced an “infinite mint” hack in late December 2020.
Can’t fork and be friends
Continue Reading on Coin Telegraph‘Better as friends’: DeFi protocols Yearn and Cover announce cessation of merger