YAMP Token FAQ
YAMP is a governance token that controls all the reserve income generated by the Yamp lending markets across all supported networks. Holders will have the ability to receive this passive income, as well as governing the future of the project.
Interest income is automatically split, with lenders collecting at least 80% and Yamp collecting up to 20% of each payment. There is also a 0.1% flat borrowing fee on each loan, which is similarly split. These fees can be adjusted by governance for further optimisation.
There is a max supply of 100m YAMP. A detailed explanation of token economics and release schedules will be published.
You will initially be able to purchase YAMP on PancakeSwap. You can also participate in our IDO to purchase YAMP before listing.