Yam is an experiment in the power of governants to leverage capital. The price mechanism, the price target, is really away to programatically measured demand and then actively utilize that demand to build the treasury. i would say that m is a minimutly valuable monetary experiment, but not money....
Today, Su and I talk to Will Price and Trent Elmore of YAM.finance.
YAM launched last month as a mix between Yearn’s fair launch, Ampleforth's supply elasticity, and Compound’s on-chain governance. And while its launch was short-lived (it had to shut down from a bug only two days later), it inspired a whole wave of food coins that tried to replicate its initial success. In this episode, we explore what made YAM so successful and what might be in store for the future.
Will Price https://twitter.com/will__price
Trent Elmore https://twitter.com/trentelme
Su Zhu https://twitter.com/zhusu
Hasu https://twitter.com/hasufl