First step to contributors stash
AI summary
This proposal suggests taking approximately 8 YFI tokens, currently valued at around $50,000, from the Yearn treasury. These tokens would then be used to create a 'contributors' stash,' which is a pool of funds intended to reward people who contribute to the Yearn ecosystem. Normally, tokens in the treasury are sold for yCRV and distributed to YFI token holders who stake their tokens.
If passed, Yearn will divert about $50,000 worth of YFI from being distributed to YFI stakers and instead allocate it for future contributor rewards. This benefits contributors by establishing a dedicated fund for their work, while slightly reducing the immediate rewards for YFI stakers.
Voting results
Votes over time
x-axis = % of voting window elapsed · y-axis = cumulative VP per choice
🐳 Whale votes
2 votes > 5% VPFull proposal
Summary:
Seize ~8 YFI from treasury contract and use these funds as a first step to create contributors' stash.
Rationale:
Normally, all tokens sitting in treasury contract are recycled – sold for yCRV and send as rewards to YFI stakers.
Proposal is to start a slow paced accumulation of YFI for future contributors – seize ~8.005026733686906244 YFI currently sitting in treasury.
For: Seize ~8 YFI from treasury [contract](https:…