Yam Finance - Recent articles
Loading...
![Yam Finance Votes to Remove Rebase Mechanism](/_next/image?url=%2F_next%2Fstatic%2Fmedia%2Fplaceholder.8776f6e0.jpg&w=828&q=75)
Yam Finance Votes to Remove Rebase Mechanism
YAM holders voted to remove the token’s rebase mechanisms, which expanded and contracted supply seeking to establish a stable price, after taking DeFi by storm this summer. Rebases issued and burned new tokens based on the price of YAM, targeting a $1 peg. After migrating to YAM V2 following a smart contract exploit that caused…
Loading...
![YAM Finally Finds Fertile Ground After Succesful Rebase](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2Fad54964248267fe890bb40824bf4da4fb739ecf9-574x316.png&w=828&q=75)
YAM Finally Finds Fertile Ground After Succesful Rebase
Yam Finance’s first successful monetary exercise yesterday marks a new start to DeFi’s original food-based token YAM is an experiment in rebasing cryptocurrencies, plus token incentives (aka yield farming) to drive liquidity, plus full on-chain governance, plus a DAO-like treasury managed by token holders. It’s also testing the power of the emoji. Its Aug. 11…