Yearn Finance is going to reform. The core action: 90% of future earnings will be directly distributed to those who hold Lock-up Position YFI.



The background is quite heart-wrenching—YFI had a peak TVL of 7 billion USD (December 2021), and now it has dropped over 90%, with serious community centrifugal force. Last month's income was only 190,000 USD, which seems small now, but if this wave of reforms goes smoothly, with profitability as a priority + transparent financial reports + simplified governance model, there is a chance to attract funds again.

The biggest highlight of this proposal is the abandonment of the previous vote escrow model (which was proposed in 2023 but only 3.8% of YFI was locked-up), and directly adopting a simple staking model. Additionally, it will reorganize the DAO, incentivize core contributors, and allocate 1,700 YFI.

Three proposals are bundled for voting, either all pass or all fail. The discussion is still ongoing in the forum, waiting for the DAO vote. This is a critical moment for Yearn to make a comeback.
YFI5.14%
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