{"id":35156,"date":"2021-01-21T20:52:21","date_gmt":"2021-01-21T18:52:21","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=35156"},"modified":"2025-08-28T23:58:27","modified_gmt":"2025-08-28T20:58:27","slug":"defi-project-yearn-finance-proposes-to-issue-extra-yfi-worth-200-million","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/defi-project-yearn-finance-proposes-to-issue-extra-yfi-worth-200-million\/","title":{"rendered":"DeFi project yEarn.Finance proposes to issue extra YFI worth $200 million"},"content":{"rendered":"<p>Eleven key participants in the DeFi project yEarn.Finance proposed increasing YFI issuance by 6666 tokens (~$200 million). The funds will be used to reward core developers and to create a reserve fund with subsequent distribution under community oversight.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Yearn contributor token allocation discussions are on-going on our governance forum. <a href=\"https:\/\/twitter.com\/dudesahn?ref_src=twsrc%5Etfw\">@dudesahn<\/a> has compiled data of team token allocations for other protocols in DeFi.<\/p>\n<p>We encourage you to join the discussion and participate in governance.<a href=\"https:\/\/t.co\/GT4dp3Slen\">https:\/\/t.co\/GT4dp3Slen<\/a><\/p>\n<p>\u2014 yearn.finance (@iearnfinance) <a href=\"https:\/\/twitter.com\/iearnfinance\/status\/1351691684757839873?ref_src=twsrc%5Etfw\">January 20, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>One third of the 6666 YFI ($67 million) is earmarked for rewarding early investors and developers. The funds will be distributed according to the [simple_tooltip content=\u2019\u0412\u0435\u0441\u0442\u0438\u043d\u0433 \u2014 \u043f\u043e\u044d\u0442\u0430\u043f\u043d\u0430\u044f \u0440\u0430\u0437\u0431\u043b\u043e\u043a\u0438\u0440\u043e\u0432\u043a\u0430 \u0442\u043e\u043a\u0435\u043d\u043e\u0432 \u0432 \u0441\u043e\u043e\u0442\u0432\u0435\u0442\u0441\u0442\u0432\u0438\u0438 \u0441 \u043e\u043f\u0440\u0435\u0434\u0435\u043b\u0435\u043d\u043d\u044b\u043c \u0433\u0440\u0430\u0444\u0438\u043a\u043e\u043c\u2019]\u0432\u0435\u0441\u0442\u0438\u043d\u0433\u0430[\/simple_tooltip] schedule.<\/p>\n<p>Two thirds \u2014 4444 YFI ($134 million) \u2014 will be allocated to create a reserve fund under the control of the yEarn.Finance operating fund.<\/p>\n<p>The funds from the reserve fund are intended to finance the following areas:<\/p>\n<ul>\n<li>creating incentives for developers;<\/li>\n<li>liquidity mining programs;<\/li>\n<li>staking rewards;<\/li>\n<li>attracting specialists and acquisitions of external protocols;<\/li>\n<li>cross-protocol incentives to strengthen collaboration within the ecosystem of projects.<\/li>\n<\/ul>\n<p>The authors of the proposal argue that yEarn.Finance, by implementing the proposal, will be able to retain existing developers, attract new ones, and maintain a competitive position in the sector. Protocol users will be able to align their interests with major token holders and directly influence the project\u2019s development, according to the authors.<\/p>\n<p>At the time of writing, 252 members of the yEarn.Finance community had voted. 69% (176) of users supported the issuance of tokens and their allocation between developers and the reserve fund.<\/p>\n<div id=\"attachment_122692\" style=\"width: 634px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-122692\" class=\"wp-image-122692 size-full\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/image1-396.png\" alt=\"DeFi project yEarn.Finance proposes to issue extra YFI worth $200 million\" width=\"624\" height=\"316\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/image1-396.png 624w, https:\/\/forklog.com\/wp-content\/uploads\/image1-396-300x152.png 300w\" sizes=\"auto, (max-width: 624px) 100vw, 624px\" \/><\/p>\n<p id=\"caption-attachment-122692\" class=\"wp-caption-text\">Data: Yearn.Finance.<\/p>\n<\/div>\n<p>As a reminder, in December 2020 yEarn.Finance <a href=\"https:\/\/forklog.com\/en\/news\/yearn-finance-to-absorb-its-perennial-rival-sushiswap-a-fork-of-uniswap\">announced<\/a> the acquisition of the DeFi exchange SushiSwap. Previously, yEarn.Finance <a href=\"https:\/\/forklog.com\/en\/news\/yearn-finance-to-absorb-cream-finance-after-pickle-finance-merger\">integrated<\/a> with the lending protocol <a href=\"https:\/\/forklog.com\/en\/news\/yearn-finance-to-absorb-cream-finance-after-pickle-finance-merger\">Cream<\/a>, the project <a href=\"https:\/\/forklog.com\/en\/news\/pickle-finance-to-merge-with-yearn-finance-after-20-million-loss\">Pickle Finance<\/a> and the Argent wallet, the Akropolis project and the cross-protocol insurance market <a href=\"https:\/\/forklog.com\/en\/news\/yearn-finance-teams-up-with-cover-protocol\">Cover Protocol<\/a>.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forkloglive\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog FEED<\/a> \u2014 the full feed of news, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Eleven key participants in the DeFi project yEarn.Finance proposed increasing YFI issuance by 6666 tokens (~$200 million). The funds will go to reward core developers and create a reserve fund with subsequent distribution under community oversight.<\/p>\n","protected":false},"author":1,"featured_media":35157,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1093,1869],"class_list":["post-35156","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-defi","tag-yearn-finance"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/35156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=35156"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/35156\/revisions"}],"predecessor-version":[{"id":35158,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/35156\/revisions\/35158"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/35157"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=35156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=35156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=35156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}