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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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