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YAM is an elastic supply crypto asset, where the supply expands and contracts in response to market conditions with the aim of targeting a 1 USD peg per YAM. One of the interesting differentiators about YAM’s approach is that 10% of each supply expansion (known as a rebase) is used to buy yCRV, a high-yielding basket of USD stablecoins, and is allocated to the Yam treasury which is controlled via community governance.
Following a successful audit of the migration contract from Peckshield, Yam Finance is proceeding with the YAMv1 to YAMv2 migration process.
The YAMv1 to YAMv2 migration contract was live from 4:20PM UTC, 8/19, and YAMv1 tokenholders were able to migrate for 72 hours, until 4:20PM UTC 8/22. All YAMv1 tokens were eligible for migration, but YAM had to be harvested from staking contracts to migrate.
The YAMv2 token is a vanilla ERC-20 token to be used as a placeholder for off-chain voting while YAMv3 is audited. The YAMv3 launch timing is not yet determined and subject to both community voting and audit timing.
Sorry, detailed technology about YAMv2 is not currently available
Sorry, detailed features about YAMv2 is not currently available