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YamYamby0xdb77c335C1D40bD40d92A12823C883AC73D2886C0xdb77…886C

YIP-12: Eliminate the 1 Million YAM Community Fund From YIP-2

Voting ended over 5 years agoSucceeded

IMPORTANT NOTE: YIP-8 was not compliant due to an incorrectly chosen block #. YIP-12 is a compliant version of YIP-8.

Summary: This proposal would eliminate the 1 million YAM Community fund from YIP-2 bringing the YAM supply back to the original 5 million YAMs.

Motivations: -The 1 million YAM community fund immediately increases YAM supply by 20% from the original YAM v1 supply of 5 million. This sudden increase in supply is bearish for YAM prices and unnecessary. -Pre-minting a large slush fund with no immediate need sets a bad precedence for YAM. -YAM supply should only be increased on an "as needed" basis and should always be done through community discussion of the need and approval through the proposal process.

Off-Chain Vote

For
587.27K 92%
Against
50.85K 8%
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Timeline

Aug 25, 2020Proposal created
Aug 25, 2020Proposal vote started
Aug 28, 2020Proposal vote ended
Jan 23, 2024Proposal updated