YAM: elastic supply cryptocurrency aiming for 1 USD, governed by community.
YAM is an elastic supply cryptocurrency targeting $1, with expansions used to buy yCRV and grow its treasury via community governance.
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What is Yam (YAM)?
YAM is an elastic supply cryptocurrency that adjusts its supply according to market conditions, aiming initially for a value of 1 USD per YAM. This stability mechanism is enhanced by a unique feature: a portion of each supply expansion is used to purchase yCRV, a high-yield USD-pegged stablecoin, which is then added to the Yam treasury. The treasury is governed by the Yam community through decentralized governance processes. This approach builds upon existing elastic supply models like Ampleforth, introducing an additional layer of stability and community control.
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Yam price live information
As of now, Yam is trading at 0.0421 USD, with a 24-hour trading volume of approximately 99.32K USD. The YAM to USD price is updated in real time. Over the past 24 hours, Yam has increased by 0.05%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 622.69K USD. Currently, there are 14 790 819 YAM in circulation out of a maximum supply of 15 164 603 YAM.
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