Today in DeFi - CRV Admin Fees, creamY AMM, YAM Relaunch

CRV Admin Fees

A new Curve Improvement Proposal - CIP 13 is taking effect soon. This proposal institutes a .02% admin fee and distributes it to veCRV holders - those who lock up their CRV in the governance system in exchange for veCRV.

Charlie - Curve.fi @charlie_eth

Thank you to all those who helped us accomplish a new all time high volume. Current CRV staking APY above 300% resources.curve.fi/guides/staking…

As Charlie explains it, this currently generates significant rewards for veCRV holders.

For those that have wondered what the purpose of governance tokens is, Curve is demonstrating it fairly clearly.

CREAM Announces creamY

Cream Finance 🍦 @CreamdotFinance

Announcing creamY, a Capital Efficient, Dynamic AMM. creamY allows: - Dynamic pool updates - Yielding, stable versions of assets - Consolidated Liquidity to avoid fragmented pools - Single-Sided Liquidity

medium.comAnnouncing creamY, a Capital Efficient, Dynamic AMMcreamY is a dynamically updatable AMM built off of the concepts from Uniswap, Balancer, Curve, and Blackholeswap. creamY v1 is focused…

CREAM Finance just announced creamY, an AMM that offers quite a few new features, as they explain it in their article:

“Dynamic Update: Dynamically update the list of supported tokens to keep up with the latest innovations.

Yielding, Stable Versions: Hold or transact with yielding, stable version of the underlying asset.

Consolidated Liquidity: Trade within the largest set of assets rather than fragmented subsets of them.

Single-Sided Liquidity: Provide liquidity by using one instead of needing two or more tokens.”

While it started off as a fork from Compound, CREAM Finance has differentiated itself with support for many DeFi project tokens other projects don’t support, as well as CREAM Swap - a Balancer fork. However creamY seems to be an entirely new project.

We’re keeping our eyes on this one.

YAMs Relaunch

Yam Finance @YamFinance

YAM Replanting timing: - Migration will go live at 8PM UTC on Friday, September 18 - Incentives to YAM/yUSD Uniswap pool will go live at 8PM UTC on Saturday, September 19 - The first rebase can be called after 8PM UTC on Monday, September 21

YAMs, the ground-breaking yet controversial root vegetable, have relaunched. Yamv3 is live and can be migrated from Yamv2 at yam.finance.

BlueKirby.eth / YFI 🔥 @bluekirbyfi

🚨 ALERT @YamFinance farming begins in... 10 minutes! Step 1.) get $yUSD -> vaults.finance Step 2.) Get Uniswap LP tokens -> bit.ly/3cdfcoa Step 3.) Stake at Yam -> yam.finance/farm 🥳🥳🥳 Massive for the YFI ecosystem! fu

yam.financeFarm YAM tokens.For the YAM farming community.

The first pool is a YAM/yUSD incentivized pool. What is yUSD you ask? yUSD is a rebrand of yyCRV, the yield-ception token you get from depositing yield-bearing yCRV into yearn finance’s yCRV vault.

YAMs kickstarted the food-farming craze, but they also had issues. This time, the team has taken its time to check all the boxes before they re-launch. Nevertheless, I advise catching up on what’s been going on and doing your own diligence before jumping in. You can do so at the YAM Medium page and by following their twitter.

Disclaimer: DeFi projects are experimental and often have substantial technological and financial risk. Do your own due diligence before participating.