YAM Brief #16: Yam Synths, $uPUNKS and #PUNKFICTION!
Yam Synths is live! Plus the upcoming PUNKFICTION NFT drop.
🍠 Welcome to Yam DAO
Yam Finance is a Decentralised Autonomous Organization building innovative, accessible financial products. All decisions are made by YAM token holders, a passionate and welcoming community working and sharing the rewards together.
Yam is headlining four core products:
🧟 Yam Synths: Innovative synthetic assets.
☂️ Yam Protection: Coverage to keep DeFi users safe.
🏠 Yam Treasuries: Treasury diversification solutions for decentralized communities.
🏛️ Museum of Fine Yams: NFT drops and metaverse events.
Join the community Discord to learn how you can get involved today.
Yam Synths and uPUNKS Live!
Yam Synths is LIVE! An all-new platform letting anyone easily mint synthetic assets.
uPUNKS provides exposure to the ENTIRE CryptoPunk NFT market.
Head to https://synths.yam.xyz to gain punk exposure or provide liquidity to earn as high as 617% APR!
CryptoPunk holders can also mint uPUNKS and sell to open a short position, hedging their NFT exposure without having to sell their NFT. When prices drop you will be able to purchase uPUNKS and close your position at a lower price, pocketing the difference.
We’re thrilled to announce PUNKFICTION, the first Museum of Fine Yams NFT drop!
This will be an exclusive drop, so make sure to join the Discord community for the latest information.
Yam Lending Market With Rari Capital
We’re thrilled to be exploring a YAM lending market with Rari Capital.
The market will be a valuable addition for the YAM community!
Make sure to catch up on the latest community call with Rari’s Jai Bhavnani if you missed it!
Museum of Fine Yams Gallery
Did you explore the MOFY metaverse gallery yet?
Make sure to get involved in upcoming metaverse exhibitions and artist events!
The first event will be announced this week.
Thank you to everyone in the community and those who made all our recent developments possible, as well as the UMA and Rari communities.
Stay tuned for a very special announcement regarding this week’s community call on Thursday 17:00 UTC.
You won’t want to miss this one.