Core contributors, investors debate Yearn token mint
Cointelegraph
Published Jan 17, 2021 07:23PM ET
Updated Jan 17, 2021 09:00PM ET
What started as a simple governance proposal to build a war chest for the the Yearn.finance development team has now spilled over into a wider conversation about incentivization, sustainability, and fair project launches in the decentralized finance (DeFi) space.
On Wednesday, Jan. 13 five Yearn community members including multiple core contributors proposed a “Buyback and Build” program that would divert protocol fees towards bolstering the treasury — a proposal that would alter the current system which distributes a dividend to governance participants. The proposal has since been nicknamed ‘BABY.’
h3 Mint more YFI?/h3 h3 Memes versus reality/h3 h3 Forming consensus/h3Continue Reading on Coin Telegraph
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