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Family (FAM)FAM

Not Priced

$1.3208

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Family

Family (FAM)

Not Priced

FAM Price

$1.3208as of: 8/13/2022

Rank

—

Market Cap (24H)

Unknown

Volume (24H)

Unknown

Circulating Supply

Unknown

Transp. Vol.

Grade

1H	1D	1W	1M	1Y

FAM Price Chart
Statistics
About
Markets
Historical FAM Data
FAQ
News
Similar Assets

FAM

USD

0x53cba...0549b7d

Verify address & DYOR

Contract	0x53cba...0549b7d Verify address w/ multiple resources & DYOR
Blockchain	Harmony
Website	https://app.wagmidao.io/stablecoin
Community

FAM is designed to be the cornerstone of WagmiDAO protocol. It’s a stablecoin which is secured and backed by the revenue...Read more

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Family Price (FAM)

FAM Daily Performance

As of today, the last reported FAM price is $1.3208. Family's last market cap was unknown. 24 hour FAM volume is unknown. It has a market cap rank of unknown. Family is traded on exchanges. Family had an all-time high of $1.7943 14 days ago. Over the last day, Family has had 0% transparent volume and has been trading on 2 active markets with its highest volume trading pairs being .

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Family Statistics

Family Price (24hr)	$1.3208 (0.00%)
Market Cap
Trading Volume (24hr)	Unknown
Transparent Vol. (24hr)	Unknown
Transparency Grade	Unknown
Circulating Supply	Unknown
All-Time High	$1.7943-26.39% 8/2/2022 (14 days ago)
7D Price Prediction	N/A

Price

$1.3208

Price ChangeUnknown

All-Time High

$1.7943

Date of ATH8/2/2022

Days Since ATH13

% of ATH73.61%

Price vs ATH

About Family

FAM is designed to be the cornerstone of WagmiDAO protocol. It’s a stablecoin which is secured and backed by the revenue of the entire protocol and the Treasury.

FAM stablecoin will be minted by staking USDC at 1:1 ratio.

After minting, the whole USDC amount is being split 75% to 25%. 75% of the amount stays in USDC and 25% of it is used instantly for GMI token buyback. This way, FAM is in fact backed by 75% USDC and 25% GMI token.

Afterwards, all the funds acquired are being sent to the Family contract. That decreases the amount of GMI token in circulation, thus pushing its price higher.

The idle USDC in the Family contract are going to be used for earning yields in different protocols, flowing back to the Treasury increasing its value steadily and strengthening it as the backbone of the ecosystem. The FAM stablecoin will also be used in different WagmiSwap pairs, providing utility ...and creating an opportunity for a safe yield generation (stablecoin yield farming) in the WagmiDAO protocol.

As the trading volume of FAM and GMI on the WagmiSwap grows, the Treasury also grows from trading fees, as well as minting/redeeming fees. This creates a positive feedback loop and raises the floor price of the GMI token, further increasing the Yield for the Farms and Bonds, thus incentivising more Liquidity Providers to use the protocol.