At its core, YAM is an elastic supply cryptocurrency, which expands and contracts supply in response to market conditions, initially targeting 1 USD per YAM. This stability mechanism is supplemented by one key addition to existing elastic supply models such as&nbsp;<a href="https://www.ampleforth.org/" target="_blank" style="color: inherit;">Ampleforth</a>: a portion of each supply expansion is used to buy&nbsp;<a href="https://www.coingecko.com/en/coins/lp-ycurve" target="_blank" style="color: inherit;">yCRV</a>&nbsp;(a high-yield USD-denominated stablecoin) and add it to the Yam treasury, which is controlled via Yam community governance.

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