YAM V3 YAM #2123

$0.05045817

0.02% (1d)

Market Cap

$744.2K

BTC Price

$0.00000053

FDV

$744.2K

Vol24h

$62.3

Circulating Supply

14.7M YAM

Total Supply

Info

Website
Website Whitepaper
Community
Algorithm
Proof Type
Block Reward

0
messages.All Time High

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messages.ATL Date

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The current price of YAM V3 is $0.05045817 in USD. As of now, a total of 14.7M YAM are in circulation across the market. YAM V3 has experienced a price change of 0.02% in past 24 hours. To explore more cryptocurrencies, please visit here. messages.Over the past 24 hours, YAM V3 trading volume on crypto exchanges has reached $62.3.

- Changelly
- Crypto.com

Description

YAM, a project in the DeFi cryptocurrency space, began as an algorithmic stablecoin, using a rebasing mechanism to peg its value to the US dollar and counteract market volatility. However, in a significant shift, community governance disabled this feature on December 29, 2020, altering its function within the DeFi sector. Initially, YAM sought price stability, closely shadowing the US dollar, but the disabling of its rebasing feature has ushered in a new phase. Instead of primarily regulating price stability, YAM's role has evolved to include key DeFi operations such as yield farming, liquidity provision, and involvement in governance protocols. For holders, YAM now presents diverse utilities, from speculative asset to governance token, empowering them to propose, vote, and directly influence the project’s future developments.