TVL: $487,713,130 (+1%)
PRICE: $10,331.16 (-17.2%)
Product:
Experimental V2 Vaults
Deployed yvUni-DAI-WETH
— banteg (@bantg) October 29, 2020
Another experimental vault to test and break v2.
Vault
0x3a68bC59C500de3d5239b5e7F5BDaA1a3bCabBA3
StrategyUniswapPairPickle
0x1cD7EAd07804163e2B186aa8c6f2fA9588Ca5A4d pic.twitter.com/yQ5ZkHIZJW
Tested a migration with yvUni-WBTC-WETH, it has worked until the first harvest but then it got borked. Well, I guess it's a chance to test the emergency exit.
— banteg (@bantg) October 29, 2020
Governance:
Proposal: Rethinking Capital Allocation
@ryanwatkins (Messari) proposes using the system income to buy back YFI to then use to reward different stakeholders for providing value to the Yearn ecosystem, instead of just distributing income to YFI stakers.
The idea here is two fold:
- Stop distributing yCrv/yUSD to stakers immediately
- Use Yearn’s system income to reinvest in growth
**This was posted in response to the proposal
Can confirm that buying back YFI is how v2 is currently being structured. Treasury automation needs much more work though. https://t.co/BmNLNTI8bI
— banteg (@bantg) October 29, 2020
Proposal: wNXM Vault and strategy
@jpw wants to capitalize on the stagnant wNXM supply that is sitting on the sidelines. This is a unique situation that lends itself to the main advantages that YFI vaults provide
Media:
Watch: Yearn Finance Curve 3pool Vault explained (y3Crv)
https://www.youtube.com/watch?v=csEkHZXPIZc&feature=youtu.be
Read: yEarn Update - Grants, Andre's Involvement and New Strategies!
https://www.publish0x.com/gabriel/yearn-update-grants-andres-involvement-and-new-strategies-xqorylr
Random:
🚨 Breaking news 🚨
— Tally (@voteWithTally) October 28, 2020
⚡️ @bprotocoleth uses flash loans from @dydxprotocol and @AaveAave to pass key vote requesting whitelisted access to @MakerDAO oracles
~13,000 $MKR borrowed, voted, and repaid in single transaction
More details in forum post 👇https://t.co/jpufORGWGy