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Anyone know what this debacle was about that LINK is

now not part of as "it's not a governance token"?

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Can you clarify your question?

ok so YFI grew massively successful under Andre Cronje, and people were eager to get in early on everything he touched so he made something called EMN and people immediately lost $8M in the unreleased risky contract. This caused the price of YFI to fall massively as trust was lost.

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