|24h High||24h Low||All-Time High||ATH Date||All-Time Low|
|Genesis Date||26th October 2020|
|Max Coin Supply||3,726,411|
YAM v2 (YAMv2) is a digital asset ranked as #66 in BitCourier Cryptocurrency List with market capitalisation of £2.43 M. Pound Sterling. In the last 24 hours YAM v2's trading volume exceeded £5.19 M.
Current price - £5.89 GBP. Exchange rate YAMv2 to USD is $10.46 for one coin.
During the last calendar year YAM v2 price was volatile and had both periods of growth and decline. In particular in the last 7 days the price changed by -16.77%. (YAMv2)'s peak price (All-time high) was £42.42 per coin, this point was reached on 1st September 2020 . From that moment till today YAM v2 has lost -85.94% in value.
Ratings by crypto community, developers and liquidity are 10.634, 56.111, 43.857.
YAM Finance is a new elastic DeFi stablecoin based on the Ethereum blockchain. The supply of this token expands and contracts in response to the current token price with the ultimate goal of stabilizing at $1 USD. A special 12 hour rebase process can increase or decrease the supply of the token based on its price and this process is controlled by smart-contract.
Due to the smart-contract bug, the initial launch of the protocol quickly become the largest market disaster of summer 2020. The total market capitalization of the token went from $60M to 0 in 35 minutes. Nonetheless, this event wasn't fatal for the project. YAM Team decided to re-launch the protocol as YAM v2.