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YAM Finance · closed proposal
YIP-10: Use 80/20 Balancer Pool for Governance
0x512f…f5F3·ended 6y ago
Voters
2
YAM voted
692
Token price
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AI summary
Summary pending — generation runs every 15 minutes.
Voting results
For0 (0.0%)
Against692 (100.0%)
692 YAM · 2 votersblock 10726600
🐳 Whale votes
0 votes > 5% VPNo whale votes on this proposal.
Full proposal
Original markdown · YAM Finance
This proposal would shift governance away from YAM to instead use BPT from a balancer pool with 80% YAM/20 WETH similar to Aave's new governance system outlined here - https://medium.com/aave/aavenomics-eeab650cccc2. This proposal would also add functionality to the rebaser to call gulp() on this pool during rebase. This would make liquidity added to the pool safe from losing funds during rebase. This proposal does not include any additional incentives to be provided to LPs on this pool.
Reasoning: This would massively increase YAM trading liquidity over the current system where people must h…
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