Details about YAM cryptocurrency
€1,262,554 ( -1.13116%)
€1,716
15,164,231
14,790,447
31.571
Unknown
https://yam.finance/
@YamFinance
937108x
€79825.7
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 | 0.62088 % | -0.234911 % |
| 24h change | -0.98 % | 1.25967 % |
| 7 day change | -11.43 % | -1.44157 % |
| 14 day change | -21.91 % | -9.47799 % |
| 30 day change | -26.27 % | -7.33786 % |
| 200 day change | 78.66 % | 129.168 % |
| Year change | -52.5 % | 129.33 % |