When two leading decentralized protocols announce a merger, the cryptocurrency community is bound to be curious about the details and see how the two projects would work together.
Yearn and Pickle Protocols now provide a combined framework to bestow long term benefits to the community members, traders, and developers of the DeFi communities.
Yearn and Pickle Jars Merge
As per the Medium post, Pickle and Yearn developers have brought about a structure that facilitates the Yield and Pickle protocols to ‘work together in Symbiosis, creating a better and efficient workflow, eradicating duplicacy, and promoting expertise sharing.
The merger further promotes the specialization helping the communities to Yield more from their Pickle activities. Detailing the integration, the blog highlighted the specifications that included tl:dr, which had the merger of Pickle jars and Yearn V2 Vaults. Pickle reward gauges would provide the Yearn Vault depositors an opportunity to earn extra rewards by depositing their vault shares to gauges.
DILL and Cornichon Protocols
Users would get higher returns through additional rewards as Pickle is integrated into the Yearn’s ecosystem. Yearn platform would onboard the Pickle platform developers and enable them to work on the Yearn product offerings sharing the strategy fees.
As the Pickle Jars and Yearn Vaults are merged as per the announcement, the Pickle developers would be able to earn ten percent performance fees for writing strategies. The Yearn developers and users can make profits by giving their Yearn tokens in the Pickle Gauges based on the emission schedule. A new token, DILL, is also introduced to reward the users who hold the Pickle token longer.
As the two protocols merge, a new Token Cornichon is launched to keep an eye on the Evil Jar losses and control any attack. Most recently, Pickle lost a substantial amount of funds in an Evil Jar attack on its DAI jar, wherein Pickle lost half of its value.
The complicated attack was backtracked by the Pickle team and white hat group that traced the 19759355 DAI exploit on the Pickle network.
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