Protection Protocol Name

Voting ended over 5 years agoSucceeded

Basic Summary: Yam is currently developing a protection protocol to allow users to earn yield by staking protection or seek protection in the event of a DeFi exploit.

Most discussion has occurred in the Discord regarding the name, and the below choices reflect that discussion.

As context, the protection protocol is decidedly not traditional insurance, but it does offer a form of protection and payout in the event of a hack. You can view the lite paper draft here: https://docs.google.com/document/d/1CK857MKLggqimdFWAnUqqsq3p2SCtpEZrt9-mf6szow/edit

Off-Chain Vote

Umbrella

785.85K 99.9%

Pest Protection

734.89 0.1%

None of the Above

0 0%

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Timeline

Nov 10, 2020Proposal created

Nov 10, 2020Proposal vote started

Nov 12, 2020Proposal vote ended

Oct 26, 2023Proposal updated