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Yield YakYield Yakby0x96eA6C538F76694ED18989A44B39af868dA2351aravageur77

Move LP staking rewards to single-sided YAK

Voting ended about 4 years agoSucceeded

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.

Off-Chain Vote

YES
3.17M 80.9%
NO
745.92K 19.1%
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Timeline

Dec 29, 2021Proposal created
Dec 30, 2021Proposal vote started
Jan 01, 2022Proposal vote ended
Nov 17, 2024Proposal updated