Modify emissions for YFI support

Simple Summary YFI / DAI markets were added to Premia on both Ethereum and Arbitrum.

The proposal below is to find an agreed-upon emission rate for the YFI / DAI markets on Ethereum mainnet and Arbitrum.

Abstract This proposal is to gauge sentiment/support for updating the emission rate of $PREMIA to provide incentive support to a new partner on Premia.

Yearn is one of a few protocols in which Premia is looking to build a deeper relationship with through supporting markets, strategies, and potentially native vault integrations. Adding YFI only makes sense given the level of involvement in which Premia looks to integrate with the Yearn protocol in the future.

While in talks with Yearn, Premia was aware of their upcoming Arbitrum deployment so prepped a surface to support a market to coincide with their L2 launch. The launch came at an unexpected time, so rather than wait to set emissions prior, YFI markets were deployed to align with their launch and the same emissions applied to the ALCX pools were applied to the YFI pools to start.

Specification and Implementation Emissions would be allocated for a minimum of 1 month, and a weekly review allows the community to shift those weights based on the pool’s utilization rates until a more permanent system (vePREMIA) is put in place.

We are excited about the addition of the YFI/DAI token pair to the platform. Yearn is a long-time backbone of DeFi, pioneering their yield aggregation platform. The addition of their protocol token market will add value for Premia users who would like deeper exposure to more DeFi-native assets.

Yearn users will also be happy to find market-competitive yield on their YFI, while Premia users will be excited by potential new yield and trading opportunities made available by this new market.

Motivation As a partner Premia looks to work closely with as Premia grows, we'd like to welcome Yearn warmly to the Premia family, while still being conscious of dilution caused by pool emissions. There are many interesting ways that Premia and Yearn could integrate with one another and we see this as the beginning of a fruitful partnership to offer an additional way to soon access capital-efficient yields and options markets.

Clarification The current pool emission weight allocations per asset group are as follows.

Arbitrum: WETH: (50%) WBTC: (33.33%) LINK: (16.66%)

Mainnet: WETH (35%) WBTC (25%) alETH (15%) ALCX (15%) LINK (10%)

After the addition of YFI pool rewards, the updated emissions are as follows.

Arbitrum: WETH: (41%) WBTC: (27.5%) LINK: (13.5%) YFI (18%)

Mainnet: WETH (30%) WBTC (22.5%) alETH (13%) ALCX (13%) YFI (13%) LINK (8.5%)

The per-block emissions will stay at the previously voted on 0.75 PREMIA per block.

• Vote in Favor/In Support of: adding emissions to the YFI markets

• Vote Against/In Opposition of: adding emissions to the YFI markets