SotN#9 (PART 1) - PROPAGATING (WTF ARE YAMS, DEX VOLUME INSANE)
Bankless
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Dynamics of YAM and Ampleforth in DeFi
This chapter explores the fluctuating prices and distribution mechanics of YAM and Ampleforth tokens, highlighting their governance structures and community involvement. It contrasts the rebasing mechanisms and treasury-backed value of YAM with Ampleforth's approach, emphasizing equitable token distribution. Additionally, the discussion addresses the risks and intricacies of DeFi governance, advocating for transparency and caution among participants.
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Transcript
