TechFlow News — A new proposal from the governance body of the DeFi project Yam Finance, Yam DAO, suggests shutting down the project and distributing its treasury assets to token holders. The redemption price per YAM token would range between $0.207 and $0.25. For example, if you hold 3% of the token supply, you can burn your YAM tokens and receive 3% of the treasury assets. After 12 months, any remaining undistributed treasury assets will be donated to charity.
According to reports, as DeFi hype fades and market interest shifts toward NFTs, the Yam Finance token has fallen from a high of over $6 to its current price of $0.17, leading its community to lose confidence in the project's current direction.Original link
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