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

PRICE: $15,425.29 (-8.1%)


Borrow DAI with YFI


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!


Free Rider Problem

Maker Vacuums Up $YFI


Read: Institutional money is pumping the DeFi markets back up

Read: Yearn Vaults Now Live on Frontier


Not Enough People Are Staking on Ethereum 2.0. Here’s why - Decrypt
For the first part of Ethereum 2.0 to launch, enough people need to stake their ETH. But it’s not on track.