TVL: $501,329,626 (-.01%)

PRICE: $15,425.29 (-8.1%)

Product:

Borrow DAI with YFI

Governance:

YIP-55: Formalize the YIP Introduction & Voting Process

@franklin stated the purpose of this proposal is to standardize the Yearn Improvement Proposal (YIP) introduction, voting, and implementation process that governs the Yearn Finance protocol.

YIP-54: Formalize Operations Funding. *Vote open Nov 12-Nov 15

Several prominent yearn contributors proposed YIP-54 which can be summarized below:

  • Transform the one-off YIP-41 budget into an Operations Fund that is allocated the same amount of funding on a continuous basis.
  • Permit the Fund to buy back YFI or other assets at its discretion.
  • Publish a quarterly report to make it easy for YFI holders to audit fund activities.
  • This proposal supersedes the treasury cap of YIP-36 and the operations budget of YIP-41. Future changes can be made through additional YIPs.
  • Together with the previously approved YIP-51 and YIP-52, this is the final piece in a trilogy of YIPs seeking to upgrade Yearn operations and financials.

YIP-52 has Passed!

Community:

Free Rider Problem

Maker Vacuums Up $YFI

Media:

Read: Institutional money is pumping the DeFi markets back up

https://cointelegraph.com/news/institutional-money-is-pumping-the-defi-markets-back-up

Read: Yearn Vaults Now Live on Frontier

https://www.altcoinbuzz.io/cryptocurrency-news/product-release/yearn-vaults-now-live-on-frontier/

Random:

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