Performances
RD Popularity Index
RD Growth Index
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 0.11% | 0.00% | 0.00% | 0.00% | 60.98% | 44.05% |
Comparison
Top Holders
| Address | Token | Quantity | Percentage | Value |
|---|---|---|---|---|
| 0x9799...ea17 |   YAM | 9,092,490.54 | 59.96% | $80.72K |
| 0x14a1...5402 | YAM | 1,067,574.03 | 7.04% | $9.47K |
| SushiSwap: YAM (239c) | YAM | 621,953.92 | 4.1% | $5.52K |
Follow Updates
Follow Lists
People
About YAM
YAM is a community-driven DeFi protocol that began as an experimental elastic-supply token in 2020, later transitioning into a DAO-governed treasury after a critical smart contract bug. Its core business now focuses on decentralized governance, where YAM token holders vote on treasury fund usage and protocol direction. The protocol also explores risk management tools like impermanent loss compensation and automated compounding for liquidity providers.
Its main narrative centers on 'fair finance'—no pre-mined tokens, no VC allocations, and full community control. This ethos attracts users who value transparency and grassroots governance, though it also means limited resources for development.
YAM addresses the market pain point of DeFi risks, particularly smart contract vulnerabilities and liquidity provider losses. It attempts to solve these through audited contracts, insurance-style compensation mechanisms, and community oversight. However, its historical bug in 2020, which locked funds and crashed the token price by over 90%, remains a cautionary tale.
In the past six months (2026-03-01 to 2026-09-01), YAM has reportedly focused on enhancing its treasury management and expanding cross-chain liquidity support on networks like Arbitrum and Polygon. It also introduced dynamic fee models and increased its risk reserve fund to approximately $45 million, aiming to strengthen protocol resilience. User growth in liquidity provision reportedly rose by over 45% during this period, though specific data could not be fully verified.
YAM launched on August 11, 2020 with a fair launch model: no team or investor allocation, all tokens distributed through staking pools, embodying the idea of Fair Finance for Everyone. Within 24 hours, TVL approached $600 million, making it a DeFi sensation.
The next day, a critical bug was found in the rebase contract, breaking governance and crashing the token price. The core developer publicly apologized. The community then drove a two-phase migration: YAMv2 suspended on-chain governance, and after audit, YAMv3 went live on September 18, 2020, restoring on-chain governance.
On December 29, 2020, the community voted to disable the elastic supply mechanism, shifting YAM from an algorithmic stablecoin to a community-treasury-backed DeFi incubator focused on synthetic tokens, DAO treasury management as a service, and permissionless insurance. These events highlight community resilience and important lessons for DeFi security and governance.
YAM co-founders include: Brock Elmore, co-founder of Topo Finance and founder of Block Torch Capital, a family office hedge fund; Trent Elmore, CEO of Topo Finance and co-founder with Brock; Clinton Bembry, co-founder of Astro Wallet (acquired by Coinbase) and current CEO of Slingshot; Dan Elitzer, investor at IDEO CoLab Ventures and founder of MIT Bitcoin Club; Will Price, data scientist at Flipside Crypto. The team spans investment, wallet, and data backgrounds. YAM is an experimental DeFi project.