What is the currency yam that can be invested in (yama2 currency)?

What is the yam currency that can be invested? Editor’s Note: This article is from Zhi Kuang University (ID: gh_37c9e0eaf00a), authorized to be reproduced by Odaily Star Planet Daily.

YAM is a synthetic asset based on the yam protocol, similar to stablecoins, but without any practical use because it is a token controlled and managed by the community. It does not have sustainability like other projects and does not depend on centralized third parties for issuance, distribution, or purchase. There are some issues to consider in the design, such as whether token prices can be ensured to not have large fluctuations through smart contracts, or whether there is enough liquidity to maintain transactions, and so on. Therefore, this project is either an innovative experiment or passively accepting the changes brought by new technologies. So what is all of this aiming to achieve? It means we are currently in a very early stage. However, for ordinary investors, they are still willing to invest in this project.

First, let’s understand what yAM is. It is a cryptocurrency based on the Ethereum blockchain. According to Andre Cronje, the founder of YFI, the governance token is YAMV2, with a total supply of 1 billion tokens, of which 60% are used for rewards generated by liquidity mining plans and 25% are used for staking rewards. In addition, the token can also be obtained through collateral and a portion of the rewards will be given to users participating in voting. 10% of the revenue is allocated to the founding team, and the remaining 50% belongs to the community.

There are many issues discovered during the conversion process from YAMV1 to YAMV3. First, there is a significant risk of funds in the YAMM pool because most of the funds in YAMX are locked inside. Also, since YAMV1 did not undergo an audit in the initial stage, there could be a possibility of a hacking incident if not audited. Second, the funds in YAMV2 are mainly used for market-making and hedging businesses. Finally, although the design concept of YAMV2 is as simple and crude as previous DeFi projects, the YAMBICO model is more fair and reasonable. In this sense, I think YAM is worth studying. In YAMV2, all transactions are automatically executed without worrying about slippage. This is a completely transparent and unchangeable process, so its operation mechanism is also very simple.

However, at present, this project is still in its early stages. So people’s understanding of this project is not very high. But for potential users of this project, they will definitely have some demands. For example, when the market is on the rise, people will invest money in these projects and hope to get a certain proportion of value return.

On the other hand, many people may think that YAM is not just about making money from some “air” project, as they just want to buy a packaged token. So YAMio has a limited total supply. Of course, the price of this token can also be determined in its own way. But this token has a certain level of liquidity, as long as it does not have deflationary properties. In other words, if you want to become such an ecosystem,

yama2 coin

Editor’s Note: This article is from Bitcoin Information (ID: bitcoin8btc), author: Kyle, authorized to be published by the Star Planet Daily.

A screenshot on Twitter shows the price changes of the anonymous project eth2 token. This coin called “yam” has been recently discussed, and another user believes it may be the beginning of the altcoin season. On January 17th, a comparison between eth1 and YAM revealed an issue: the yam in the wallet address will be redirected to a new token? This address will receive a YAM transaction fee and a rebase fee adjusted for price!

In response, the YAM team replied, “If you want to use YAM tokens to buy YAM, you have to use eth2 tokens.” According to information shared by community members, eth has become a “stablecoin” and can be used for market-making or investment in various exchanges. It is currently unclear whether eth2.0 will support this situation as well, as eth is fully decentralized. (Note: This refers to ETH1.0).

However, eth2.0 also needs a very simple way to achieve this:

1. Upgrade the Ethereum network to version 3.0.2. Increase transaction fees by optimizing gas costs.3. Reduce transaction costs without gas.4. Introduce an off-chain order book during the merge, allowing traders to withdraw funds from the Ethereum mainnet. These are called by eth-rPC, so there is no need to encrypt the data. In other words, this does not mean that the value of eth2 will increase significantly. In addition, the data in the etherscan browser cannot be changed, so the specific quantity cannot be determined.

For eth2.0, eth-rpc settings are a major barrier, but as more and more developers enter this field, eth2.0 may continue to exist.

Regarding the progress of migration, comments on the tweet stated, “We have been studying the eth2 roadmap and are currently in the on-line phase of the testnet.” It has been reported that YAM has raised over $20 million in funding, with investors including Pantera Capital, a16z, Alameda Research, CoinFund, and dozens of well-known institutions and individuals.

Reportedly, the total supply of YAM is 150 million tokens.