Yam Finance - an experimental protocol that brings together some of the most exciting innovations in programmable money and governance.
Contents:
Description of the Yam Finance project
At its core, YAM - an elastic supply cryptocurrency that expands and contracts supply in accordance with market conditions, initially targeting $1 per YAM. Created by the DeFi Native Team, it includes:
| Price | A good offer to achieve price stability ultimately. |
| Support | Managed treasury to support stability further. |
| Availability | Fully blockchain governance, ensuring decentralized control and development from day one of an equitable distribution mechanism that encourages key community members to take the reins into their own hands actively. |
This stability mechanism is complemented by one key addition to existing elastic supplying models such as Ampleforth.
The company created Yam as a minimum viable money experiment, and at launch, the YAM token will be zero. Once deployed, its value and future development are entirely up to the YAM owners. It uses the Compound control module, which ensures that all Yam protocol updates happen completely online through community voting. Once launched, ownership of each contract in the Yam protocol goes to a time-limited management contract.
Beginning of work
The initial distribution of YAM will be evenly spread across eight bet pools: COMP, LEND, LINK, MKR, SNX, WETH, YFI and ETH or AMPL Uniswap v2 LP tokens. These pools help to reach a wide range of the entire DeFi community, as well as specific communities with a proven commitment to proactive governance and an understanding of complex tokenomics. Rather than highlighting part of the offering to the founding team, Yam Finance is distributed in the spirit of YFI:
- without premine;
- no shares of founders;
- no venture capitalist interests - just an equal-opportunity rate allocation to attract a broad vision-driven community.
Once the initial distribution pools are launched, a second wave of distribution will be stimulated through the YAM pool or yCRV Uniswap. This pool will allow the TWAP-based Uniswap oracle to provide the necessary data for relocation calculations. Moreover, you will be able to provide liquidity for relocation to buy yCRV for Treasury. The future will be completely controlled by the YAM community. This YAM owner community will define and update the functionality of the Yam protocol, namely:
- using the oracle;
- rebase functionality;
- inflation.
Most importantly, the company will update the incentive design, Yam treasury, and more. While the Treasury is considered to be updated, and potential growth is expressed in yCRV. Any future capital allocation can ultimately be controlled by the YAM token holders, as can any income it can generate.
Additional information
If you want to find out more information, for example, about promotions, contests or discounts, go to the company's Twitter channel. There they will help you to solve your problem, answer any of your questions, and you can chat with other subscribers.