$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.