1D
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Family (FAM)FAM
$1.3208
Family (FAM)
FAM Price
$1.3208as of: 8/13/2022
Rank
Market Cap (24H)
Unknown
Volume (24H)
Unknown
Circulating Supply
Unknown
Transp. Vol.
Grade
1H1D1W1M1Y
Family logo
FAM
United States Dollar logo
USD
HARMONY0x53cba...0549b7d
HARMONY
Verify address & DYOR
Contract
HARMONY0x53cba...0549b7d
HARMONY
Verify address w/ multiple resources & DYOR
Blockchain
Websitehttps://app.wagmidao.io/stablecoin
CommunityTwitterTelegramDiscordGithubMedium
FAM is designed to be the cornerstone of WagmiDAO protocol. It’s a stablecoin which is secured and backed by the revenue...Read more

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 GradeUnknown
Circulating SupplyUnknown
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.

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Family Markets

(Top 10)
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Family Historical Data

(Past 7 Days)
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Today's FAM / Family News for August 15, 2022

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