Meteoric Rise And Fall Of YAM Explained – Ethereum, DEFI

What is the story behind YAM, a defi protocol that attracted $600M of capital and ceased to exist in less than 48 hours? I’ll find it out in this video.

Let’s start with what Yam protocol was all about.

Yam, a protocol built as a monetary experiment, combined some of the most interesting innovations in programmable money and governance, such as an elastic supply, on-chain governance, a governable treasury and a fair distribution mechanism.

YAM, a cryptocurrency of the Yam protocol, was meant to work in a very similar way to Ampleforth, reacting to market conditions by expanding or contracting the supply of YAM targetting 1 USD per YAM. If you need a recap on how this mechanism works under the hood, you can find a detailed explanation in my Amplefoth video that I will link here.

One major difference between Ampleforth and Yam was the fact that Yam was meant to use a portion of each supply expansion to buy yCRV that is a high-yield USD-denominated stable coin. Once bought, yCRV was supposed to be added to the Yam treasury. YAM holders were able to decide how to use these funds for future development and changes to the protocol entirely on-chain through community voting.

Ampleforth Rebase Explained ►

Website ►
Post ►
Patreon ►
Follow me on Twitter ►

Increase Trading Profits With the Use of a Stock Trading System

Learn how to increase profits with the use of stock trading systems. Article discusses advantages and disadvantages of stock trading systems. Learn some great tips on creating and selecting trading systems so you save time and earn more money trading stocks.

Penny Stock Broker Restrictions

There are many restrictions on penny stocks. Learn how to select a broker that will enable you to do the most with your penny stock trading account.

Day Trading for a Living – From Gambling to Trading

Many would-be traders bring a gambling mind-set to trading. This is a recipe for disaster. This article discusses how traders can shift their trading psychology and become winning traders instead of losing gamblers.

Classic Methods of Forecasting Financial Markets

There are many methods of forecasting financial markets. The most popular are technical analysis and fundamental analysis. Some traders think that technical analysis is more important than fundamental analysis. Let’s look at this!

Support and Resistance Strategies for Day Trading Stocks and Forex

Everyone talks about support and resistance, but few know how to use it, and they use it in the wrong way. Support and resistance are powerful tools, if the trader has a strategy to identify and use the levels.

The Benefits of DMA CFDs

Direct Market Access or DMA is the often used to describe a variety of CFDs that have become popular in the Australia market, these are affectionately known as DMA CFDs. With DMA CFDs your trade is passed directly through to the underlying share market with no dealer or market maker intervention, this means that orders are executed at the true market price and in a timely manner with no re-quotes. Trading DMA CFDs is much like trading shares online.

Day Trading CFDs for a Living

Day trading contracts for difference (CFDs), stocks or indices, has become popular in recent times. The popularity of day trading has been largely due to numerous advertisements for money making systems, seminars and educational courses that guarantee overnight success. Many of these courses also profess to be low risk and require only a small capital outlay. The truth is, trading is hard work, the more time you devote developing a successful trading plan the more likely it is that you will succeed, however you should be aware that success will not come overnight or without losses.

CFD Trading and Managing the Risks

Like all financial products there are risks trading CFDs. Risk is generally linked to returns, the riskier the investment the higher the potential returns, however if risk is managed correctly it can be significantly reduced. When trading CFDs this can be done through the use of stop-loss orders and simple portfolio hedging. This article explains the key risks associated with trading CFDs and what can be done to reduce them without having an effect on the significant returns that CFDs can provide.

The Battlefield Of Discipline in Trading

You need to understand that no amount of goals setting without discipline can lead to success. You cannot succeed in trading without discipline. No one can succeed in any business let alone trading without absolute discipline. Discipline is the bedrock of successful traders. It’s the discipline that separate human accomplishment from human failure, successful traders from unsuccessful traders, winning trades from losing trades

Trading Psychology: How Important Is It?

If you are a student of the markets, or if you have traded to any large, then you are probably very familiar with the term “Trading Psychology.” The question I hear most often is one that asks how important is trading psychology when it comes to making it as a professional trader. As a futures trader, I can say without a doubt that in my own trading, my frame of mind is one of the most important, if not “the” most important part of profitable trading.

You May Also Like