What is YAM Finance?
YAM Finance is new yield farming experimental protocol in Elasticity, Governance and Fair Farming. The YAM follows similar structure like Ampleforth i.e. flexible supply that expand or decrease according to market demand. Elastic Supply that seek eventual price stability. YAM follow YFI method of distribution that means no perming, no founder and team shares and no VC interest.
YAM project employed a fork version of Compound governance model. Initially, YAM token while launching was traded at Zero value, as value of token will be depended on YAM holder i.e. work as governance token. YAM holder can enter into YAM ecosystem that determine future development that happen entirely on-chain. Yam protocol is given time-locked governance contract and that controlled by YAM holders. The full on-chain governance that enable decentralized control and growth that start from day 1 of project launch.
YAM currently available on Uniswap v2 where it is distributed across eight staking that include compound, chainlink, maker synthetix token, Yearn finance, Ampleforth and WETH. YAM introduce unique and equal strategy in staking and distribution to attract board and vision aligned community.
YAM Price Prediction
|Month & Year||YAM Price Prediction|
|Project name||YAM Finance|
|Total Supply||5,000,000 YAM|
|All-time high||$133.5 USD|
|Exchange Platform||Binance, Uniswap,|
YAM Finance Price Analysis
YAM finance listed on 12th August 2020 on both CMC and coingeko, as per report YAM was very close to hit $150 USD mark after Binance listing. YAM was trading $32.01 USD lowest and comparing with initial price i.e. almost 2x surged in price. it supports multiple DeFi on the platform to earn YAM Token that minimize risk and also gives full governance control over community. As per Coinmarketcap YAM Finance reaches to $133.5 USD. on uniswap v2 1.5 million YAM token was distributed from total 3 million of distribution.
How much YAM Worth in 2030?
Probably trading $800 USD
Where YAM Token Can Store?
is YAM a Good Investment?
Long term only.
YAM value entirely depended on community that takes full control on ecosystem. YAM is another DeFi Project that emerging in the era of DeFi on the blockchain. YAM still consider as risky but after listing on uniswap and Binance, it started gaining market cap volume. it based on Compound, Year Finance and Ampleforth project as all this project already in the top space by market cap volume.