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Yearn.Finance team proposes changes to token economics

Hassan Maishera - Cryptowisser
2021-12-20 10:21
The Yearn.Finance team has proposed certain changes that seek to evolve the project’s token economics. The proposal seeks to reward YFI holders with the YFI token buybacks, diluting paper hands for the benefit of the blue-pilled diamond hands.
The proposal means that YFI holders that actively participate in Yearn Governance will be rewarded with the YFI tokens that were bought back using the project’s treasury. This latest development comes a few days after the Yearn.Finance team bought back $7.5 million worth of YFI from the open market. YFI is currently up by more than 9% over the past 24 hours and has added nearly 60% to its value in the last seven days.
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