❓ What Is YAM

The YAM DAO is a treasury that lives on the Ethereum blockchain and is managed by YAM token holders. Stakeholders can submit a request to the YAM governance contract to use or spend the funds in the treasury. This action is then either carried out or not based on approval by token holders in a ****1-token, 1-vote model.

But YAM is more than just a set of contracts. It is the culture and process that has grown up around the treasury. It is a collective of people who see the world in a similar way and recognize YAM as an opportunity to push the ideas embedded in the culture and code of Ethereum forward. We are stewards of our treasury, committed to helping our corner of Web3 flourish.

🚀 ****YAM’S MISSION

Yam is a community run Decentralized Autonomous Organization (DAO) innovating at the intersection of decentralized governance and programmable finance, bound by shared financial incentives with the goal of empowering people with greater economic benefits and financial well being within the emerging world of Decentralized Finance (DeFi). Yam mission and vision is supported via three guiding pillars.

🧭 YAM’S VALUES

We believe that:

🌎 An open financial and cultural network built on a decentralized, permissionless ledger is incredibly valuable infrastructure for the world.

We build and invest in DeFi and NFT Products

👷 Open, decentralized systems enable new forms of coordination and we are committed to building and using them even though it may be difficult.

We are a DAO and build decentralized products

🕸️ While the world may end up multi-chain, we believe that Ethereum, and it’s rollup-centric roadmap has the best chance to become this infrastructure.

We are committed to building on Ethereum.

💪 The success of the Ethereum ecosystem is positive-sum and we should collaborate and open source where possible to maximize our shared success.

We work collaboratively and build open source products.