What kind of people is the founding team of YAM?

区块律动BlockBeats

特邀专栏作者

2020-08-13 19:06 (UTC+8)

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What is the background of the officially disclosed YAM team members?

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What is the background of the officially disclosed YAM team members?

Editor's Note: This article comes fromBlock beats BlockBeats (ID: BlockBeats), reprinted by Odaily with authorization.

Editor's Note: This article comes from

Block beats BlockBeats (ID: BlockBeats)

, reprinted by Odaily with authorization.

Brock Elmore

On August 12, the DeFi project Yam Finance conducted its first token distribution, and distributed 2 million initial tokens to 8 pledge pools, each with 250,000 tokens, and the initial token distribution will last for 7 days. In less than 12 hours after its launch, the locked value of this project has reached nearly 400 million US dollars. Then on the afternoon of August 12, the founder of BitMEX also tweeted that it participated in Yam liquidity mining.

However, when YAM seemed to have a bright future, in the early morning of August 13, YAM was suddenly exposed that there was a loophole in its unique flexible supply adjustment contract, and a large number of additional yCRVs were minted.

On the afternoon of August 13th, YAM collapsed on a large scale. Brock Elmore, one of the team leaders, apologized. Many big names in the industry expressed their support and understanding on his Twitter, and attached their own encouragement. However, users in the secondary market have nowhere to ask for explanations, and retail investors have suffered huge losses.According to its official blog, Yam Finance is an experimental protocol designed and launched by Brock Elmore, Trent Elmore, Clinton Bembry, Dan Elitzer, and Will Price. So who is Brock Elmore who is supported by many big shots? What is the background of the supporters behind Yam Finance? Rhythm BlockBeats leads everyone to find out.》

Trent Elmore

Brock Elmore is the co-founder of Topo Finance and the founder of Block Torch Capital, an encrypted investment fund. Founded in 2017, the fund is a family office hedge fund that utilizes proprietary artificial intelligence algorithms and in-depth knowledge of blockchain technology. Generate risk-adjusted returns that beat the market. Rhythm found that the investment company of Block Torch Capital is Elmore Companies Investments. Looking at the name, we can find that Brock Elmore has a close relationship with this investment company. Elmore Companies Investments has been established for over 30 years and focuses on the acquisition of small, lower middle market companies.

Clinton Bembry

Rhythm Note: On August 13, after Yam was exposed to contract loopholes, Brock Elmore issued a Twitter apology, saying "I am very sorry, I failed..." It is suspected that the contract loopholes cannot be completely repaired for a while, causing Yam to plummet for a short time.

epilogue

Will Price is a Data Scientist at Flipside Crypto. In 2018, Flipside Crypto, a cryptocurrency evaluation company, received $4.5 million in seed round investment from Coinbase and DGC. Flipside Crypto provides investment data tools for cryptocurrencies through artificial intelligence algorithms. Its founder, Dave Balter, is also the CEO of Mylestone. It uses proprietary volatility, blockchain node tracking algorithms, evaluates encrypted digital assets, and authorizes this tool to funds, investors and related companies to seek information about encrypted asset indicators.

"Obviously, we are in the early stages of the DeFi bubble." Will Price said, "However, if DeFi has the opportunity to become the new financial future, its valuation is still very low."

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YAM

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