YGG earnings fund now holds 472.62 USD in cDAI and 751.26 USD in DAI in our YGGLOK wallet. That is 1223.88 USD total in 5 months thanks to the hard work of YGG0/YGG1 members.
This amount is still too low to be worth distributing to YGGLOK holders and the rewards system for YGG0/YGG1 players is still in development.
I am proposing that we convert all current holdings to USDC so we can use all current holdings to purchase YGG token during their IPO on July 27th, 2021.
Full info in link below if you have not read YGG token sale medium article or white paper.
https://yieldguild.medium.com/announcing-the-ygg-token-sale-on-miso-by-sushiswap-b49350eff243
YGG will only have one IPO and this is a chance for YGGLOK holders to add some YGG tokens to YGGLOK earnings fund at earliest public price. This should help the fund grow much faster and provide some diversification in the fund portfolio.
We will still put future land earnings after YGG IPO into compound unless another proposal is put forth and passes.