YIP-31: YFI Inflation Distribution
| Metadata | Details |
|---|---|
| YIP | 31 |
| Outcome | Rejected |
| Authors | substreight, deltatigernz, Graadient, Daryllautk |
| Created | 2020-07-30 |
| Forum discussion | View discussion |
| Snapshot vote | Not recovered |
| Vote result | No Snapshot vote recovered. |
| Source | Source |
Simple Summary
Divide any further YFI inflation, allocating 50% to Liquidity Pools and 50% to the Multisig.
Abstract
- There are currently no funds being allocated to developing and improving the yearn ecosystem.
- Further inflation of YFI provides an opportunity to fulfill funding needs.
Motivation
Using YFI from inflation to fund development is a sustainable mechanism to strengthen the yearn ecosystem and align contributors.
FOR: Allocate 50% of YFI inflation to Liquidity Pool incentives and 50% to the Multisig.
AGAINST: No changes to YFI inflation distribution.
Specification
Overview
- Designate 50% of future YFI emissions to LP rewards contract.
- Designate 50% of future YFI emissions to Multisig (or DAO if applicable).
- This will stay in place until stopped or adjusted.
Rationale
Some YFI should be reserved to secure and improve the yearn ecosystem while properly incentivizing liquidity pools. Starting with a 50% // 50% split to LPs and Multisig, respectively, allows proper funding for both stakeholders, while retaining flexibility to adjust the distribution if necessary.
Reference
- Inflation schedule proposal YIP-30
Metadata
| Name | Value |
|---|---|
| Proposed by | 0x24394A4758DBdCf6fcbC14dc35af64Ac0D9a450A |
| Total for votes | 3304.5260 (42.28%) |
| Total against votes | 4509.5851 (57.71%) |
| Quorum | 73.42% ✔ |
| Start block | 10560736 |
| End block | 10578016 |