https://github.com/nanne007/how-yam-works.share

Share on Yam Protocol
https://github.com/nanne007/how-yam-works.share

Last synced: 8 days ago
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Share on Yam Protocol

• Host: GitHub
• URL: https://github.com/nanne007/how-yam-works.share
• Owner: nanne007
• Created: 2020-08-26T15:14:52.000Z (about 4 years ago)
• Default Branch: master
• Last Pushed: 2020-08-27T06:56:03.000Z (about 4 years ago)
• Last Synced: 2023-07-13T19:50:47.970Z (over 1 year ago)
• Size: 1.18 MB
• Stars: 0
• Watchers: 2
• Forks: 0
• Open Issues: 0
• Metadata Files:
  • Readme: README.md

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README

        
---

marp: true

theme: gaia

footer: by [lerencao](https://github.com/lerencao)

paginate: true

---

## How Yam Protocol works

![width:850](./assets/images/yam.jpg)

---

### Yam Token

- Delegator Pattern.

- Only **Gov** can change underlying **implementation**.

- Only **Gov** can change **rebaser**, **incentivizer**.

- Only **Gov**, **Rebaser**, **Incentivizer** can `mint`.

- Only **Rebaser** can `rebase`.

---

### Initial Token Dispatch

- Several pools with equal yam tokens mint by gov during initialization.

- User stake their ETH to ETH pool, and get yam reword during the staking period.

- Last for 7 days.

---

### Gov

- GovImpl

  - store proposals from proposers.

  - Voters cast votes to proposals.

  - Once proposal is approved, everyone can queue the txns in the proposal to TimeLock.

  - Once the time has come, everyone can trigger the execution of queued txns.

---

### Rebase

- Get the rate of YAM/yCRV from Uniswap.

- based one the rate, change the scalingFactor

---

### Incentivize

- Another staking pool which users need to stake yam/yCRV LP tokens, and get yam token as reward.

- Half for every 7 days.