🍠 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 three core products:
🧟 Degenerative.Finance: Innovative synthetic assets built with UMA.
☂️ Umbrella: Broad insurance coverage to keep DeFi users safe.
🏠 DAO House: Treasury diversification solutions for decentralised communities.
Join the community Discord to learn how you can get involved today.
🚀 Growth
It was a week of incredible growth for the Yam community!
There’s now $7.6M locked in Degenerative.Finance
Number of Yam Hodlers: 6,887
@yamfinance Twitter Followers: 22,547
Discord members: 8,883 (+30%)
Treasury: $7.4M plus ~$1m in locked $SUSHI rewards
📰 News
uSTONKS and uGAS LP Rewards Double
We're happy to share that bonus liquidity mining rewards are live for #uSTONKS and $uGAS ✨ uSTONKS Bonus 💎🙌 10,000 $YAM + 10,000 $UMA each week uGAS Bonus ⛽🚙 10,000 $YAM each week The extra rewards will run for two weeks! #GetDegen now on degenerative.financeLearn more about uSTONKS, the synthetic asset giving exposure to the WallStreetBets community’s top ten bullish assets.
uGAS let’s DeFi users hedge the volatility of gas prices and perform actions more efficiently. DeFi whale 0x_b1 this week minted $1.2m of uGASJUN!Degenerative Finance Video Guides
Want to learn how to mint $uGAS? ⛽ Or earn the limited edition $uSTONKS LP #NFT? 👀 Check out the incredible Degenerative.finance video guide series from @kwiledirects 🙏 Join the $YAM community: 👇 discord.gg/UHggnKxRmC youtu.be/6xKAHKWeFSYuSTONKS featured in EthHub
🔨 Updates
Degenerative.Finance
Degen V2 launch preparation
Umbrella:
First Meta Pool to cover UMA Synths
Preparing to deploy contracts and build out UI
L2 research and development underway
Exciting visuals and brand design
DAO House
Pitch Decks progression and SushiHOUSE
👥 Community
Weekly Community Call
We hope everyone enjoyed this week’s community call!
Two new contributors Will and Tom introduced themselves. Will is going to be helping with community growth, with a background in marketing, content and growth from PieDAO. Tom comes with an impressive marketing resume and will streamline Yam’s brand and messaging. Welcome guys!
There were updates from nonstopTheo on Degenerative.Finance, Indigo on Umbrella, and Feddas on DAO House and the Yam treasury (up 10% to $7.6M).
Come and say hi in next week’s call!
uSTONKS Featured in The Defiant
🔥 #DegenerativeFinance has launched #uSTONKS, a synthetic that tracks the ten most bullish Wall Street Bets stocks. Read more. 🔻
The Defiant published a feature on uSTONKS, check it out!
🗳️ Governance
There are no active votes.
Make sure to vote in the upcoming Sushiswap vote for SushiHOUSE, which will help the Sushi community diversify a portion of their $300M treasury.
There will be upcoming On Chain Voting Proposals with recent Snapshots already passed. This proposal will include moving liquidity from uGAS March to uGAS June and uSTONKS liquidity provisioning.
Don’t forget, all Snapshot votes are gas-free. Register to vote today.
👏 That’s all for this week!
Yam Finance is hiring! If you’re experienced with UI Design or Marketing Graphics design skills please don’t hesitate to contact YAM team members in Discord.
A more detailed breakdown of the week’s news will be posted to the forum shortly and linked here.
Make sure to subscribe and come and say hello in our Discord community!
Resources