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YAM Finance · closed proposal

Create 80/20 YAM/WETH Balancer Pool To Use for Governance

0x512f…f5F3·ended 6y ago
Voters
5
YAM voted
2.03K
Token price

AI summary

Summary pending — generation runs every 15 minutes.

Voting results

For12 (0.6%)
Against2.02K (99.4%)
2.03K YAM · 5 votersblock 10726600

🐳 Whale votes

0 votes > 5% VP
No whale votes on this proposal.

Full proposal

Original markdown · YAM Finance

Summary: 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 peop…

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