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Yama Airdrop Strategy

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Jack Inabinet Jack Inabinet Apr 7, 20231 min read
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Last updated April 7th, 2023

Name: Yama
Status: Unconfirmed 🚫
Confidence: Low
Sector: Stablecoin
Chains: ARB

Why we're watching:
While Yama docs don't explicitly say a token is in the works, the project is still extremely fresh. Protocols typically opt to iron out their product before creating an airdrop roadmap.

Despite this, Yama docs do reference governance being able to set risk parameters, giving us an indication that there may be an airdrop in the future for early chain users.

What is it?
Yama is a novel omnichain stablecoin built on USDT that uses interest from borrowers to incentivize direct liquidity for swaps on Yama. The protocol offers high leverage – up to 17x – on collateral, like GLP, and the design offers a host of benefits, including high relative levels of liquidity, zero fees or slippage on YAMA/USDT trades, and extremely high APYs for lenders.

Maximize your eligibility by:
Lending USDT for yield
Leveraging up on exposure to GLP
Swapping USDT/YAMA natively with the PSM

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Jack Inabinet

Written by Jack Inabinet

241 Articles View all      

Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial apartment development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business and remains based out of the Seattle area.

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