NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

This Potato-Themed DeFi Protocol is Sending Shockwaves Throughout the Crypto Market

Cole Petersen
Cole Petersen
4 years ago
2 mins read
YAM crypto

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Crypto Twitter has been captivated by a newly launched protocol called YAM that is structurally similar to Ampleforth – in terms of its regular rebasing – with the same “meme potential” as other popular DeFi tokens like YFI.

YAM – which is somewhat experimental – has gone viral on social media, with prominent industry figures like BitMEX founder Arthur Hayes announcing that they are farming the token.

This has caused its price to rocket to well over $100 – significantly above its intended price of $1.00. The total value locked (TVL) within the platform has also reached nearly $500 million.

Every 12-hours, the token will undergo a rebasing that adjusts the circulating supply to try to bring the token’s price down to parity with its intended $1.00 peg.

This is likely to bring about massive volatility for the crypto in the days and weeks ahead.

Hottest DeFi Trend Pulls in Hundreds of Millions as YAM Farming Takes Off 

Yesterday, a new DeFi protocol named yam.finance was launched, with the YAM token being an experimental combination of YFI and AMPL.

A promising new crypto-token model combined with significant meme potential was a recipe for success.

Within the first 24-hour of launching, YAM has pulled in nearly $500 million in TVL across its multiple farming pools.

This has driven the YAM token’s price up towards $140 – significantly above where it is intended to be trading.

The crypto undergoes a rebase every 12 hours that adjusts its circulating supply to bring its price down towards $1.00.

As seen while looking towards Ampleforth – which undergoes one daily rebase – this leads to massive volatility that lures in traders.

This may be part of the reason why investors are flocking to this crypto while farmers flood into the various YAM pools.

YAM Sends Shockwaves Throughout Crypto Market

This protocol launch appears to have reignited investor’s interest in DeFi.

Shortly after its launch, the high yields and popularity of the COMP farming pool led the Compound governance token’s price to rocket over 50%.

This, in turn, led the entire DeFi sector to climb higher.

Alex Krüger, a crypto-focused economist, spoke about this development in a recent tweet:

“YAM = AMPL launched in a YFI fashion. It has $440M staked in less than 24 hours and has made the price of the best yielding coins surge. COMP for example is +50% since yesterday.”

The far-reaching impacts that YAM’s popularity has had on the entire crypto market suggest that decentralized finance is still an incredibly influential trend.

Featured image from Unsplash.
Tweet123Share196ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Cardano price

Cardano Price Explodes 30% In Past Week — Analyst Calls $5 Next Market Top

The Cardano price has witnessed an exhilarating run over the past few days, experiencing a significant breakout from consolidation beneath...

Opeyemi Sule 7 hours ago
Bitcoin

Bitcoin Bulls In Cloud 9? Analyst Identifies Where Risk Lies

After a near-excellent start to the month of July, Bitcoin has performed even more impressively over the past few days. The...

Opeyemi Sule 11 hours ago
Bitcoin

Bitcoin Price Break Above $118,000 Just The Start, Analyst Unveils ‘Golden Number’

Bitcoin has rallied massively over the past seven days by posting an impressive price gain of nearly 9% after climbing...

Scott Matherson 14 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

BTC All-Time High

Crypto expert: Bitcoin bereikt nieuwe ATH van $112k, betekent dit start van altcoin season?

Lars Diederiksen 2 hours ago
Pump.fun Public Sale Ends In 12 Minutes: Token Distribution Now Underway

Pump.fun Public Sale Ends In 12 Minutes: Token Distribution Now Underway

Sebastian Villafuerte 2 minutes ago

Gemini分析比特幣升勢帶動示新牛市周期 Bitcoin Hyper等Layer 2項目引爆關注!

Kelvin Lee 6 hours ago

Premium Sponsors

Press Releases

  • ビットコインが11万8,000ドルの最高値を記録する中で注目すべき仮想通貨プレセール

    ...

    15 hours ago
  • 仮想通貨 おすすめ|急騰するDogwifhatとFartcoin、注目の低価格ミームコインとは?

    仮想通貨...

    15 hours ago
  • 新しい仮想通貨価格動向|話題の最新コインの成長可能性

    ...

    15 hours ago
  • アルトコイン注目銘柄|2025年7月第2週に見るべき3銘柄

    ...

    15 hours ago
  • ロビンフッドが1ドルから始めるETHとSOLのステーキングを開始──今注目の仮想通貨投資はこれだ?

    ...

    16 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.