|Author||Andre Cronje, Artem K|
Use early LP rewards to enable YFI holders to participate in Curve DAO governance and vote-lock them for 4 years to boost yVault CRV generation by up to 2.5x.
All vested CRV tokens earned by StrategyYfii will be vote-locked to give YFI holders voting rights in Curve DAO and to boost the rewards earned by yCRV pool.
yVault currently holds 609,688 CRV with 1 year linear vesting. Starting August 28th, 2020, we can leverage these rewards to increase CRV generation and greatly incentivize capital inflow into Yearn.
Funnel all the vested CRV into 4 year vote lock and enable delegated voting with it with YFI.
Forum poll snapshot:
- 80% Participate in CRV governance and 2.5x boost
- 12% Distribute to YFI treasury and holders
- 8% Distribute to yVault LPs
- Total early LP CRV rewards collected: 609688.7992009243
- 0x8816B2Fb982281c36E6c535B9e56B7a4417e68cF = 1606.9780365084564
- 0xBE197E668D13746BB92E675dEa2868FF14dA0b73 = 39433.37196717059
- 0x2De055fec2b826ed4A7478CeDDBefF82C1EdFA70 = 568648.4491972453
- Vesting: from 2020-08-13 to 2021-08-13
- Unlocked per day: 1670 CRV
Copyright and related rights waived via CC0.