On August 19, over $200 million was staked in a new yield farming protocol Spaghetti Money ($PASTA) in just 12 hours. Some of the staking code is based off of controversy-struck YAM finance's code, and it has not been audited. 

• The governance token $PASTA will be distributed through a staking pool, though there is no information on the protocol’s governance model
• Spaghetti Money provides staking pools for Maker (MKR), Aave (LEND), Compound (COMP) and yEarn (YFI), among others
• Some of the Spaghetti Money staking code is based off of YAM, which had a critical bug that made over $500K inaccessible
• Community members have called the protocol a meme protocol
• The DeFi market has been subject to several unrealistic hopes, including absurd return rates
• Vitalik Buterin has spoken on the DeFi mania, while Compound Finance CEO Robert Leshner says that DeFi needs to self-regulate

Related Reading:

• Timeline of YAM Finance