I logged in to yearn finance today to check the status of my vault
I have deposited and amount of DAI to the DAI V1 vault long ago
When I logged in today I noticed that the interest rate for the specific vault is -404.24%
My balance of DAI has been reduced by 25%
This is extremely stressful and frustrating
Can please someone explain to me what happened?
This is so much frustrating! We all see and hear the potential of defi , but how can defi be adapted when we have incidents like this?
If you ask me every single time i involved with defi i got burned!
I provided liquidity into pools i lost due to IL (which very much became PL=permanent loss) as opposed to just hold my assets
I tried to yield farm and the gas fees i paid was more than the yield i received
I deposited my hard earned funds into what was supposed to be a relative safe investment into the flagship of yield aggregators (yearn finance DAI v1 pool) and got hacked and now i suffer losses there too!
Sadly I regret the moment i started to learn and involve with this defi space!
Really is there anyone here to inform what will be done with our lost funds , cause if that is the “future” of finance then it’s no better than the past to say the least!!