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.
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.
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