YAM Classic: The Farming Continues
The Protocol
YAM Classic is an unofficial fork of the popular DeFi protocol yam.finance. For those who are familiar with YAM 1.0, you already know how this works. However, there are few changes made to YAM Classic to make this work smoothly.
Changes From YAM 1.0
- The rebase bug that crippled YAM 1.0 has been fixed.
- The original YAM 1.0 token is added as a staking asset, and can be used to farm YAM Classic. This allows YAM 1.0 holders to easily farm YAM Classic without having to sell their yams.
- yCRV is added as a staking asset for more stabilized farming
- Protocol token farming (e.g COMP, SNX, AMPL, etc) has been removed, and only YAM 1.0, yCRV, and WETH will be used as the initial staking assets.
The Details
Important Addresses:
- YAM Classic (YAM2): https://etherscan.io/address/0x49411930AC0c14713e36Db62700FBE31017aCc9A
- Governance: https://etherscan.io/address/0xCfF48086cD9840261D19319cCe360bB1683AfA72
- Rebaser: https://etherscan.io/address/0x511EaFF0192327F22aBD87dd6f7Fd42e20FFBF9B
- Reserve: https://etherscan.io/address/0x090FA55fB6Bea4F8f2Fa162B1a054496344F8065
- YAM 1.0 Reward Pool: https://etherscan.io/address/0x880f0550F0972231Dad1EBa238F5925367338C6D
- YCRV Reward Pool: https://etherscan.io/address/0xE29b7D23e47c16B8EedF50a17A03649F5Db35433
- WETH Reward Pool: https://etherscan.io/address/0xd9c5472986A1a6E12390ceeb7a28A2D236D5CA02
- YAM2 <-> YCRV Uniswap LP Token: https://etherscan.io/address/0xC329BC05CC9fb5f4e8dA13Bf6A849D33dD2A167b
- YAM2 <-> YCRV LP Reward Pool: https://etherscan.io/address/0xf20c3357782EfA7016a8eC40c21ff46E5bdd0B39
Telegram: https://t.me/yamclassic
GitHub: https://github.com/Yam-Finance-Classic/yam-protocol
Twitter: @YamFiClassic
Hosted Interface: https://yamclassic.finance
Initial Protocol Parameters
Total Supply: 1,700,000 YAM2 (Note: This and all other YAM2 figures are subject to change via rebase)
Rebase Period: Every 12 hours (8am UTC, 8pm UTC) — Initial rebase to occur roughly ~1–2 hours after the beginning of Wave 2 Distribution
Portion of Rebase Used for Reserve: 10%
Asset Contributed to Reserve on Rebase: yCRV
YAM Threshold to Submit Governance Proposal: 1% of Total Supply
Quorum for Governance Proposals: 4% of Total Supply
Proposal Voting Period: 48 hours
Queue After Successful Proposal: 24 hours
Wave 1 Distribution
Pools: 3(YAM 1.0, YCRV, and WETH)
Distribution Amount: 300,000 YAM2 (100,000 YAM2 per pool)
Distribution Period: 7 days
Launch: 12:00am UTC, August 17th, 2020
Wave 2 Distribution
Pools: 1 (YAM2/yCRV Uniswap v2 LP)
Distribution Amount: 1,400,000 YAM
Distribution Period: 700,000 YAM2 in 1st week, decreasing by 50% each week
Launch: 12:00am UTC, August 18th, 2020
Audits
Again, continuing with yam’s traditional, this code has not been audited by a professional auditor, through no change has been made from yam’s code aside from the rebase bug fix. Please proceed with caution and tread lightly.
