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YAM Finance · closed proposal
Raise peg to USD 167.66
0x5139…d027·ended 6y ago
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Voting results
Leave peg at $1.000 (0.0%)
Raise peg to $167.660 (0.0%)
Raise peg to $1731.92780 (0.0%)
0 YAM · 0 votersblock 10728888
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0 votes > 5% VPNo whale votes on this proposal.
Full proposal
Original markdown · YAM Finance
Several YAM harvesters and investors suffered significant losses following a disclosure from the developer team of a bug; as a result the price dropped from an all time high of 167.66$ to 11$, to then tumble to 1$ and below. Since this sudden drop was caused not by the intrinsic rebase mechanisms but rather by developers' mistake, it would seem fair to either raise the peg to $167.66 or, since 10.33 YAM v1 could only generate 1 YAM v2, $167.66*10.33 = $1731.9278.
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