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Yam Finance

January 05, 2021
Yam Finance Votes to Remove Rebase Mechanism

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…
September 23, 2020
YAM Finally Finds Fertile Ground After Succesful Rebase

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…