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Y2K FinanceY2K Financeby0x7815345Ee2aB56cd8c7FEAED433660381820a5c70x7815…a5c7

YIP#1 - Implement vlY2K

Voting ended about 3 years agoSucceeded

$Y2K will be the governance token that will be used to define important parameters of the Y2K ecosystem. The community believes that there is further room for improving the Tokenomics of Y2K with some sort of locking mechanism and refined protocol emissions using a gauge system.

We propose that users be able to lock Y2K Pool Tokens (BPTs), namely the 80Y2K:20WETH BPT (or a WETH derivative) for 16 or 32 weeks for non-transferable “vote locked Y2K” or vlY2K, another Y2K ecosystem governance token which provides increased governance power to those who are locked and long term aligned with the Y2K ecosystem. Further, we propose that vlY2K earn rewards in the form of protocol revenue share (and where appropriate Y2K emissions) and that vlY2K be used to direct a portion of liquidity mining emissions via a gauge system. Those who lock for 32 weeks would have twice as much voting power and protocol revenue share compared to those who lock for 16 weeks.

Off-Chain Vote

Yes, let’s do it
367K ESY2K99.3%
No, this is not the way
2.48K ESY2K0.7%
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Discussion

Y2K FinanceYIP#1 - Implement vlY2K

Timeline

Dec 15, 2022Proposal created
Dec 15, 2022Proposal vote started
Dec 18, 2022Proposal vote ended
Oct 26, 2023Proposal updated