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.

Experimental protocol mashing up some of the most exciting innovations in programmable money and governance

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