The founder of YFI announced that Pickle and Yearn will merge the liquidity pool, and Pickle soared by 80%

Rhythm BlockBeats news, YFI founder Andre Cronje said that the Pickle Finance and Yearn Finance projects will be merged, which seems to be for the continued operation of the Pickle project that was attacked recently. Affected by this news, Pickle once rose by 80% within 24 hours.

The following are AC’s details about the merger of Pickle Finance and Yearn Finance:

1. The Pickle pool will merge with the liquidity of the Yearn v2 pool;

2. Pickle will launch a new reward Gauges. Pickle's previous token model remains unchanged, and token distribution will be carried out through Gauges;

3. Depositors in the Yearn pool can deposit their deposit certificates into Gauges , get extra rewards;

4. Pickle’s governance requires voting rights, and voting rights need to lock Pickle within a certain period of time, In exchange for DILL. (DILL is a future income token that needs to be locked in Pickle for a period ranging from one week to 4 years. Only holding DILL can participate in Pickle governance and accelerate Gauges income);

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5. Yearn depositors can get up to 2.5 times of additional income through DILL;

6. Gauge’s charge income and other fees

7. The new token CORNICHON is used to track those accident pools, and the tokens will be distributed to the victims of the attack.

Rhythm BlockBeats previously reported that on November 21, a vulnerability in the DeFi project Pickle Finance was exploited by attackers, resulting in a loss of nearly $20 million in DAI.

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