CREAM is a generally well regarded yield engine, I believe at least loosely affiliated with Yearn Finance.
It recently suffered its third hack and lost upwards of $170 million. This also may have had cascading impacts to other DAO projects like Gro (which I believe Olympus has at least interest to build relationships with). [It did not impact Gro's VAULT, and may have only impacted PWRD.]
My point in posting this discussion is to keep the DAO organization vigilant against overly risk latent plays. Yes, risk may be managed by distributing only 33% of the treasury across a variety of yield generation plays. We still must recognize that defi has inherent risk. Even Olympus 2.0 will retain the risk of hack.
I ring this bell simply to say, "Let us remain vigilant. Let us remain extremely cautious. Let us avoid mania as the market heats up." Any loss at all hurts. Effective wealth accumulation does not matter if we lose the wealth because we don't manage our risk.
https://decrypt.co/84590/cream-finance-suffers-third-hack-losing-over-130-million
