The YAK token has huge liquidity depth (>$12M in liquidity at time of writing which is nearly 50% of its Market Cap). The protocol is currently paying for this liquidity inefficiently as it does not need incentivising beyond the underlying DEX farms in order to maintain good liquidity depth for trading.
Moving all rewards to single-asset YAK also creates an opportunity to simplify the staking model. Current user journey is complex for many users.
Community has voiced desire to improve APY on YAK without taking on risk of Impermanent Loss, which this achieves.
Yield Yak Treasury continues to increase its own share of Protocol Owned Liquidity, further reducing need to incentivise YAK holders to take on risks of Impermanent Loss.
Voting YES is a vote to move all LP staking rewards to Single Side Staked YAK.