Decentralised finance protocol Yearn has announced a new partnership with Pickle Finance to increase rewards for savers and compensate for losses incurred when a Pickle flaw was exploited resulting in the loss of $20 million in IADs.
According to an announcement by Yearn founder Andre Cronje, this move is designed to reduce duplication of work, increase specialisation and leverage shared expertise. The Pickle Finance vaults, or 'Pickle Jars' as they are known, are cloned versions of Yearn's yVaults v1, so the code is similar.
