Details about YAM cryptocurrency
€1,267,637 ( 0.76195%)
€1,615
15,164,231
14,790,447
31.571
Unknown
https://yam.finance/
@YamFinance
927216x
€78321.9
YAM price charts
YAM exchanges
YAM, the crypto
YAM is a decentralized finance (DeFi) project that aims to offer an elastic supply cryptocurrency that is designed to seek eventual price stability, with the goal of being used as a stablecoin for DeFi applications.
The point
The main point of YAM is to provide a stablecoin alternative to current options that are backed by single or multiple currencies, by utilizing an innovative dynamic supply adjustment mechanism that aims to mitigate potential supply-demand imbalances.
The problem
YAM seeks to solve the problem of volatility that is prevalent in the cryptocurrency space, by offering a stablecoin alternative that is not backed by a single or a basket of fiat currencies, but rather by changing supply levels, which are dictated by market demand, in order to maintain its price peg.
Compare YAM and BTC performance
Timeframe | YAM | BTC |
---|---|---|
1h change | -0.685087 % | -0.234305 % |
24h change | -0.78 % | -0.962403 % |
7 day change | -8.17 % | -1.6152 % |
14 day change | -23.74 % | -6.83989 % |
30 day change | -28.58 % | -10.8837 % |
200 day change | 60.97 % | 127.668 % |
Year change | -49.95 % | 123.908 % |