SotN#10 - GAMING (MONEY GAMES - YAMS NOT DED, CRV LAUNCH FAIR, MAXIMALISM GETTING DUMBER?)
Bankless
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The Rise and Fall of YAMS in DeFi
This chapter explores the YAMS project, a rapidly emerging player in the DeFi space known for its unique rebase mechanism and significant market cap growth shortly after launch. It discusses the project's collapse and the intricate dynamics of its governance, capital security, and the speculative nature of decentralized finance. Additionally, the chapter emphasizes the need for better understanding and education for participants navigating the risks associated with 'money games' in DeFi.
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Transcript
