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YAM Finance · closed proposal

Limiting the LP Incentives in v3

0xAA33…b8e5·ended 6y ago
Voters
157
YAM voted
357.59K
Token price

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Voting results

For11.85K (3.3%)
Against345.74K (96.7%)
357.59K YAM · 157 votersblock 10725450

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Full proposal

Original markdown · YAM Finance

We propose limiting the total number of YAMv3 tokens distributed to YAMv3 liquidity providers to be no greater than 10% of the YAMv2 supply.

The circulating supply of YAMv2 tokens is approximately 3,726,411. YIP-2 (https://snapshot.page/#/yam/proposal/Qmc1GpiLaPXRLsXw31R1RznKrMTnzmonbSn2kCXVwxUWTV) would inflate the token supply by almost 30% (1,100,000 YAMv3 tokens).

While we acknowledge the importance of incentivizing liquidity provision, early investors and early token holders should not be heavily diluted. Therefore, we propose limiting the total number of YAMv3 tokens distributed to YA…

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