YAM - hot topic on twitter : What do you think?

[shakesbear]

I did not expect that they would be able to collect such a sum, I thought that everyone would stop paying attention to YAM, but thay have direct popular love.

[seven.71]

They have successfully raised funds 75k$ for a protocol audit via gitcoin, and have launched an official discord channel (800 people have already joined). This is an interesting move. The token price hasn't jumped significantly for now.

they get funds from their own team after getting quite a large amount of funds from the dump of YAM prices, I am not surprised by that, they are trying to restore public confidence but it's a huge loss for their supporters so it is useless rubbish

[tetrisdancyo]

Probably within 48 hours, the YAM audit will be completed. Also, the wave 1 yields farming will be finished. I pulled up the YAM I was farming.

[seven.71]

Probably within 48 hours, the YAM audit will be completed. Also, the wave 1 yields farming will be finished. I pulled up the YAM I was farming.

I read their announcement that they will move from YAMv1 to YAMv2 and if their audit is complete and no bugs occur they will migrate back to YAMv3, but here I regret that in the migration process they set a time of 72 hours and if they don't do that within that time the token can't be used that's the bad thing about this project
if I forget about the migration, maybe my money will be lost a second time after the dump price from $100 to $0.5 is very painful guys

[OXUS]

Is it a good flip to buy V1 and swap it for V2 ... u think value of V2 would increase after swap ?

[tetrisdancyo]

Is it a good flip to buy V1 and swap it for V2 ... u think value of V2 would increase after swap ?

I think the number of circulating supplies will decrease. If the user's YAM is small, it's because the gas money is wasted to move to V2. This would be a buying pressure. But there are many things I don't understand. The team says it will reduce the supply numbers after the transition, but I don't know how this will affect the buying pressure.

[tetrisdancyo]

Probably within 48 hours, the YAM audit will be completed. Also, the wave 1 yields farming will be finished. I pulled up the YAM I was farming.

I read their announcement that they will move from YAMv1 to YAMv2 and if their audit is complete and no bugs occur they will migrate back to YAMv3, but here I regret that in the migration process they set a time of 72 hours and if they don't do that within that time the token can't be used that's the bad thing about this project
if I forget about the migration, maybe my money will be lost a second time after the dump price from $100 to $0.5 is very painful guys

i only joined farming and harvest, not buying. but gas fee is too high to pull out YAM. and i dont think YAM is going to be as YFI due to rebasing.

[leea-1334]

Heh,,, so strange to read things like this that they are actually only NOW hiring people for Audit and that too also through Gitcoin. Like, come on guys,,, do you not need to do these things FIRST in the earlier instance? Shows us all who these guys are and what these guys do. And still people go in.

[MCobian]

After I found out that YAM token is a new DeFi project, I am not surprised that YAM token becomes a hot topic on Twitter.
Like other DeFi projects, it is only natural for YAM to experience hype, in fact it is still too early to judge the YAM token
profitable or not. Since the YAM token recently opened trades on several exchanges, we will still have to monitor its price
for the next few weeks. Even though the YAM token price is now experiencing a severe dump, imagine it from a price of
$ 183 when open trading. Then dump it up to $ 0.26 and now it's starting to go up again to $ 0.97. So there is still hope
for the YAM token to rise again, but it is impossible in the near future back to all time high prices again.

[dishku]

After I found out that YAM token is a new DeFi project, I am not surprised that YAM token becomes a hot topic on Twitter.
Like other DeFi projects, it is only natural for YAM to experience hype, in fact it is still too early to judge the YAM token
profitable or not. Since the YAM token recently opened trades on several exchanges, we will still have to monitor its price
for the next few weeks. Even though the YAM token price is now experiencing a severe dump, imagine it from a price of
$ 183 when open trading. Then dump it up to $ 0.26 and now it's starting to go up again to $ 0.97. So there is still hope
for the YAM token to rise again, but it is impossible in the near future back to all time high prices again.

Maybe you are not aware the current situation that's why you are still dreaming to see comeback of this token. It was bad experiment of some stupid persons who don't have knowledge of coding and launched this project in hurry and due a critical bug $500 million stuck into this project which is very big loss.

[tetrisdancyo]

After I found out that YAM token is a new DeFi project, I am not surprised that YAM token becomes a hot topic on Twitter.
Like other DeFi projects, it is only natural for YAM to experience hype, in fact it is still too early to judge the YAM token
profitable or not. Since the YAM token recently opened trades on several exchanges, we will still have to monitor its price
for the next few weeks. Even though the YAM token price is now experiencing a severe dump, imagine it from a price of
$ 183 when open trading. Then dump it up to $ 0.26 and now it's starting to go up again to $ 0.97. So there is still hope
for the YAM token to rise again, but it is impossible in the near future back to all time high prices again.

I really don't know if it's going to be a success or not, as we're just getting started. There are a lot of innovative behaviors like reducing the total supply and adding rebasing features after the transition. However, i think, the short-term demand will decrease due to the number of tokens that can be earned by harvesting is reduced

[seven.71]

After I found out that YAM token is a new DeFi project, I am not surprised that YAM token becomes a hot topic on Twitter.
Like other DeFi projects, it is only natural for YAM to experience hype, in fact it is still too early to judge the YAM token
profitable or not. Since the YAM token recently opened trades on several exchanges, we will still have to monitor its price
for the next few weeks. Even though the YAM token price is now experiencing a severe dump, imagine it from a price of
$ 183 when open trading. Then dump it up to $ 0.26 and now it's starting to go up again to $ 0.97. So there is still hope
for the YAM token to rise again, but it is impossible in the near future back to all time high prices again.

Maybe you are not aware the current situation that's why you are still dreaming to see comeback of this token. It was bad experiment of some stupid persons who don't have knowledge of coding and launched this project in hurry and due a critical bug $500 million stuck into this project which is very big loss.

I agree with your statement that they were too hasty without paying attention to security in a system which resulted in huge losses for the community and they are now trying to rebuild the narrative through audits with gitcoin funding but I have to say YAM is absolute stupidity