August 12, 2020 Deposits on YAM reach $460M.

Users have now deposited over $460M worth of assets on YAM, a new DeFi project billing itself as a “minimally viable monetary experiment.” The meme coin currently has a market cap of $13.5M, and YAM tokens are trading at around $125 each. YAM largely borrows its supply schedule from Ampleforth, another project that has seen its token’s price soar recently.