YAM-Like DeFi Protocol reaches $200Million in Staked capital within 12 hours of launch

Enter the $200 million dollar Yam-Like protocol goes by the name of Spaghetti.Money – In function, it offers pools of liquidity that were staked by investors in order to extract the yields on the other side.

sadly we can't stop crypto from being crypto.

you say the world regulation and 100000 people will get offended

— Boxmining (@boxmining) August 19, 2020

Teamless and without an audit, totaling over $207,397,407 in staked capital within 11 hours of launching.

Wed Aug 19 2020 03:30:28 GMT-0600 (Central Standard Time)

WBTC locked = $27,144,982.85

WETH locked = $47,071,357.57

MKR locked  = $12,231,094.20

COMP locked = $7,259,034.06

YFI locked  = $54,992,081.52

LINK locked = $29,095,423.95

SNX locked  = $13,986,637.53

LEND locked = $15,616,796.29

TOTAL       = $207,397,407.97

Are these “meme” staking pools really what is driving the growth in DeFi?

Share your thoughts below.