TVL: $354.1M (-1.98%)
PRICE: $30,157.95 (-6.1%)
Product:
New $EUR pool
I've spotted a vault for the $EUR pool. @iearnfinance never stops 🚀
— Facu ⟠fameal.eth (@fameal) January 15, 2021
Euro community: Are you ready?
🇪🇸 Estáis listos?
🇫🇷 Vous êtes prêts?
🇮🇹 Siete pronti? pic.twitter.com/tFUNDRcgw1
Governance:
Proposal: Keeping Yearn Great - Funds, Incentives & Rewards
@Arcturus wrote that some of you may be aware of recent conversations regarding the desire to create adequate incentives for our diligent strategists who have been busy working away to ensure Yearn V2 will be the defacto gold standard yield optimized platform. In fewer words, some conversations have arisen that contributors/strategists do not feel like they are being compensated enough to participate in the expected upside from YFI(there’s a bit more nuance here but this is put simply)
Proposal: Sequester 1000 YFI from wYFI burn
@kapemal wrote that Andre is working on a project that would have YFI destroyed in exchange for wYFI tokens.
At the same time we’re looking for a way to allocate YFI to devs in order to compensate them for their efforts.
Why not use some of these YFI, at least a small amount, rather than destroying them?
Community:
Iron Bank + YFI
0/ The new @CreamdotFinance Iron Bank is one of the coolest things I've seen in DeFi in a while
— Kyle Samani (@KyleSamani) January 15, 2021
Why?
It actually *creates* value for tokens like YFI and ALPHA
Huh?https://t.co/7e0sADgzcr
Stacking ETH with YFI
This new @iearnfinance test vault is a great way to stack ETH
— Gabriel Haines.Eth (@gabrielhaines) January 15, 2021
Provide liquidity on @CurveFinance for ETH/stETH pair and earn @LidoFinance gov token $LDO + Curve gov token $CRV + Swap fees + ETH 2.0 Staking
This is not a public vault. You must hold some $yfi to access it. https://t.co/652mceU9nq pic.twitter.com/gxVTpl3r6i
Community Power
It's legitimately amazing that, 36 hrs after one proposal, there's been an entire mutual vocabulary established and multiple essays have been written to better weigh the options
— Andrew T (@Blockanalia) January 15, 2021
YFI Ethos
The YFI ethos is to not ask for permission. Just build it.
— Santiago R Santos (@santiagoroel) January 16, 2021
This is the gwei https://t.co/5o2RCWJhS0
Media:
Read: After Ethereum, 'next stop will be higher risk alts,' says Bitcoin investor Raoul Pal
Random:
People forget that Synthetix used to have a fixed supply of 100mm tokens with 0 inflation.
— Ryan Watkins (@RyanWatkins_) January 15, 2021
It was only after the community overhauled its monetary policy in Mar’19 in favor of bootstrapping growth that SNX took off.
SNX has 400x’d since it boosted its supply and added inflation