Set Vault v2 fee structure
AI summary
This proposal aims to set the fee structure for Yearn's new Vaults v2. It suggests a 2% annual management fee on assets and a 20% performance fee on profits, with no withdrawal fees. This structure is designed to keep overall fee levels similar to the previous Vaults v1, while incentivizing users to keep funds in well-performing vaults and encouraging Yearn to develop high-quality vaults.
If passed, Yearn's Vaults v2 will launch with these specific fees, potentially benefiting users by removing withdrawal fees and providing clearer cost structures. Yearn, as a protocol, will continue to generate revenue through management and performance fees, which are intended to be comparable to current levels. The proposal does not change how these fees are distributed to YFI stakers or strategists.
Voting results
Votes over time
x-axis = % of voting window elapsed · y-axis = cumulative VP per choice
🐳 Whale votes
3 votes > 5% VPFull proposal
Authors
@banteg, @fubuloubu, @lehnberg, @milkyklim, @tracheopteryx
Summary
- Focused proposal to set the fee structure for Vaults v2 to:
- No withdrawal fee
- Management fee (2%)
- Performance fee (20%)
- The proposal leaves:
- Total fees collected at roughly the same level as for Vaults v1
- Strategist reward allocation unchanged
- YFI staking and rewards unchanged
- Treasury management unchanged
Background
The high level design of the next iteration of Yearn Vaults, v2, has been voted on and approved by YFI holders.[1] I…