Roadmap Update - 11/27

YAM Roadmap Update - 11/27

Over the last month of November, the Yam protocol and community has seen key developments, including updates to the protocol, increased East/West community collaboration, treasury mobilization, increased governance functionality, and more. Particularly exciting is the development we’ve seen towards additional product offerings of the Yam protocol, many of which will go into production in the next month or two.

This is an exciting time for Yam, as it will be a period in which we transform from a well-funded DAO and rebasing token to an ecosystem with multiple innovative product offerings including DeFi protection, investment products, and derivatives.

I think it’s also important to note a change in perception of Yam that I’ve been seeing over the last few weeks. As more and more protocols are subject to some form of exploit, the brand impact of Yam’s original bug has decreased. Additionally, the perseverance that the community has shown in continuing to innovate and build has shown the DeFi ecosystem that Yam is here to stay. Inclusion in PieDAO’s upcoming DEFI-Degen pie and collaborations with Set and UMA are the early signals of this shift that will crystallize over the next couple months.

Accomplished since last Update (10/21)

Protocol:

  • ETH/YAM Treasury Purchase on Sushiswap
  • 5k BoU/week Liquidity Incentives
  • Incentivizer farms SUSHI for Treasury
  • Rebase Sell Percentage Decreased to 5%
  • Developed Great YAM Wall Concept for ragequit functionality

Treasury:

  • Purchased $250k ETH + $250 DPI via custom OTC Contract
  • Farming INDEX with ETH/DPI
  • Working with Set Protocol for treasury management
  • Current Treasury Value: $3.1M

Product:

  • Umbrella Protocol near testing phase

Governance:

  • LPs can participate in governance through incentivizer
  • Created new Governor contracts for compensation

Organization:

  • Developed Mission Statement and Brand Pillars
  • Implemented on-chain infrastructure for contributor compensation

Priorities for December 2020:

Protocol:

  • Great Yam Wall
    • Status: Concepting
    • Priority: Low
    • Summary: The Great Yam Wall is a mechanism to create a Yam price floor by keeping the Market Cap above the value of the Yam Treasury. This is a similar result of “Ragequit”. This will directly defend the price of Yam as it is falling and will bring up the price as the Yam Treasury grows.The Great Yam wall utilizes treasury funds to purchase YAM on the open market, raising market cap to reach equilibrium.
    • Next Steps:
      • Ratify via Snapshot proposal
      • Engineers develop
      • Audit
      • Onchain proposal

Treasury:

  • Yam DAO Set - Treasury Management
    • Status: In Development
    • Priority: High
    • Summary: The Yam DAO Set is a collaboration with Set Protocol to allow DAO governance a way to actively manage their treasury. Using onchain governance we are able to assign a Set Portfolio Manager with specific guardrails to manage the Set.This allows us to retain trustless decentralization, but within a more flexible and reactive framework.
    • Next Steps:
      • Complete TreasuryManager Contract
      • Vote on TreasuryManager
      • Vote on allocation to Yam DAO Set
      • Execute Onchain Proposal to fund Set and begin management

Product:

  • Yam DAO Set - Investment Product

    • Status: In Development
    • Priority: Low
    • Summary: YDS will have a built in function to charge a management fee for Assets Under Management. YDS will be a marketable product that we can use to target other DAOs with treasuries and retail users to generate additional revenue for the Yam ecosystem.
    • Next Steps:
      • Operate YDS with treasury funds to prove out functionality
      • Onboard other DAOs with treasuries
      • Onboard retail users
  • Umbrella

    • Status: Nearing testing
    • Priority: High
    • Summary: Umbrella is a DeFi protection protocol allowing users to earn a return for providing protection or obtain protection in exchange for premiums. It features permissionless metapool creation and protection on any DeFi protocols.
    • Next Steps:
      • Complete alpha code development
      • Begin internal, capped deposit testing
      • Begin roll out of first public pool
  • UMA Onchain Metric Derivatives

    • Status: Concepting
    • Priority: Medium
    • Summary: Utilizing UMA’s financial contracts and DVM, Yam will create a product suite of onchain metric derivatives such as gas price futures, TVL futures, AMM trade volume derivatives, and more. This is an exciting product class with speculative and hedging use cases, and currently is not served by any existing DeFi platform. Additionally, UMA is offering developer mining rewards for those building on their infrastructure, allowing Yam to immediately begin monetizing this product line. This is a direct collaboration with the UMA team in which we will be taking over the gas futures contracts initially developed.
    • Next Steps:
      • Begin building gas futures minting and trading interface
      • Promote and test with February gas futures
      • Begin concepting and developing additional contracts
      • Build out broader product line
  • Yam Factory

    • Status: Concepting
    • Priority: Low
    • Summary: The Yam Factory is a protocol studio or incubator. Teams that would like to build products can apply to receive funding and technical/marketing/design support from the Yam ecosystem. This partnership will be designed to generate value for all parties involved.
    • Next Steps:
      • Create framework for how the Factory will operate
      • Begin marketing to the DeFi ecosystem as a VC alternative

Governance: No major governance changes planned at this time.

Organization:

  • Onboard Full-time Contributors
    • Status: In Development
    • Priority: High
    • Summary: Utilizing our new contributor governance contracts, we will begin compensating Yam’s ongoing contributors to support their development and organizational efforts. There is currently discussion regarding payment amounts and asset (YAM vs. stablecoin from the treasury) happening in the forum.
    • Next Steps:
      • Determine payment structure and amounts
      • Vote on chain for individual contributors
      • Begin payment schedule
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YAM路线图更新-11/27

在11月的最后一个月中,Yam协议和社区看到了重要的发展,包括协议的更新,东西方社区协作的增加,资金的动员,治理功能的增强等等。特别令人兴奋的是,我们已经看到了针对Yam协议的其他产品的开发,其中许多将在下个月或两个月内投入生产。

对于Yam来说,这是一个激动人心的时期,因为在这段时期中,我们将从资金充裕的DAO和重新定标令牌转变为具有包括DeFi保护,投资产品和衍生产品在内的多种创新产品的生态系统。

我认为,值得注意的是,过去几周来我对Yam的看法有所变化。随着越来越多的协议受到某种形式的利用,Yam原始bug的品牌影响已经降低。此外,社区在不断创新和建设中表现出的毅力表明Yam将继续存在于DeFi生态系统中。 PieDAO即将推出的DEFI-Degen饼图以及与Set和UMA的合作都是这种转变的早期信号,这种转变将在接下来的几个月中逐渐显现出来。

自上次更新以来完成(10/21)

协议:

在Sushiswap上购买ETH / YAM国债
每周5k BoU流动性激励
激励农场SUSHI库房
基准销售百分比降低至5%
开发了适用于quitquit功能的Great YAM Wall概念

库房:

通过定制OTC合约购买了25万美元的ETH + 250美元的DPI
用ETH / DPI种植INDEX
使用Set Protocol进行资金管理
当前的国债价值:310万美元
产品:

雨伞协议即将进入测试阶段
治理:

有限合伙人可以通过激励机制参与治理
创建新的总督补偿合同
组织:

制定使命宣言和品牌支柱
实施链上基础设施以实现贡献者补偿
2020年12月的工作重点:

协议:

长城墙
现状:概念
优先级:低
简介:长城墙是一种通过使市值保持在高于国库券价值之上的方法来创建最低价格的机制。这是“ Ragequit”的类似结果。这将直接在山药价格下跌时捍卫其价格,并随着山药国库的增长而上涨。
下一步:
通过快照提案批准
工程师开发
审计
上链建议

库房:

Yam DAO Set-库房管理
状态:开发中
优先级:高
简介:Yam DAO Set是与Set Protocol的协作,以允许DAO治理积极地管理其库房。通过使用链上治理,我们可以为资产组合管理器分配特定的护栏来管理资产组合,这使我们可以保留无信任的去中心化,但要在一个更加灵活和反应迅速的框架内进行。
下一步:
完成TreasuryManager合同
投票给TreasuryManager
投票分配给山药DAO集
执行Onchain提案以筹集资金并开始管理
产品:

任道先生套装-投资产品

状态:开发中
优先级:低
简介:YDS将具有内置功能,可为“受管理的资产”收取管理费。 YDS将是一种可销售的产品,我们可以使用它来定位其他具有库房和零售用户的DAO,从而为Yam生态系统带来额外的收入。
下一步:
使用国库资金运营YDS以证明其功能
带有国库的其他DAO
机载零售用户
雨伞

状态:即将测试
优先级:高
简介:Umbrella是一种DeFi保护协议,允许用户获得提供保护的回报或获得保护以换取保险费。它具有对任何DeFi协议的无权限metapool创建和保护的功能。
下一步:
完整的Alpha代码开发
开始内部上限存款测试
开始推出第一个公共泳池
UMA Onchain公制衍生产品

现状:概念
优先级:中
简介:Yam将利用UMA的金融合同和DVM,创建一系列链上度量衍生产品,例如天然气价格期货,TVL期货,AMM交易量衍生产品等等。这是一个令人兴奋的产品类别,具有投机和对冲用例,目前任何现有的DeFi平台均未提供。此外,UMA还为在其基础架构上进行开发的人员提供开发人员挖掘奖励,从而使Yam可以立即开始通过该产品线获利。这是与UMA团队的直接合作,我们将接管最初开发的天然气期货合约。
下一步:
开始建立天然气期货铸造和交易界面
推动和测试2月天然气期货
开始构思和制定其他合同
建立更广泛的产品线
山药厂

现状:概念
优先级:低
简介:Yam Factory是协议工作室或孵化器。想要生产产品的团队可以申请从Yam生态系统获得资金和技术/营销/设计支持。这种伙伴关系旨在为所有相关方创造价值。
下一步:
创建工厂运作方式的框架
作为VC替代品开始向DeFi生态系统营销
治理:目前未计划进行重大治理变更。

组织:

机上全职贡献者
状态:开发中
优先级:高
简介:利用新的贡献者治理合同,我们将开始补偿Yam正在进行的贡献者,以支持他们的发展和组织工作。当前正在论坛上讨论有关付款金额和资产(YAM与国库中的稳定币)的讨论。
下一步:
确定付款结构和金额
对个人贡献者进行连锁投票
开始付款时间表

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