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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.
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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
