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YamYamby0x17F9e68767a4A3990F3F2C606855178CB41F6a3A0x17F9…6a3A

YIP-3: Add ETH-YAMv3 Uniswap Pool to the initial Distribution

Voting ended over 5 years agoSucceeded

This proposal amends item 2 of the YIP-2 proposal to add the ETH-YAMv3 Uniswap V2 Pool to the initial Incentivization Distribution of YAMv3. If passed, it will split the initial 330,000 YAMv3 rewards in the following manner:

  • YAMv3/yUSD Uniswap V2 Pool: 165,000 YAMS.
  • ETH-YAMv3 Uniswap V2 Pool: 165,000 YAMS.

The reasoning for this change is to facilitate a one step YAMv3-ETH bridge and also to promote arbitrage trading between these two pairs.

The rest of the YIP-2 proposal would remain the same, meaning Incentives will be reduced by 30% each week for each pool, totaling a 1.1MM YAMv3 tokens to be distributed to stakers.

This proposal will go live 1 block after its parent YIP-2 proposal and it has a 3 day duration for voting.

TL;DR:

  • Change YIP-2 Proposal to split 50%-50% the initial 330,000 YAMv3 of the Incentivization Distribution between the ETH-YAMv3 and the YAMv3/yUSD Uniswap V2 Pools.
  • Everything else in the YIP-2 proposal remains intact.

Off-Chain Vote

For
30.86K 6.4%
Against
450.63K 93.6%
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Timeline

Aug 24, 2020Proposal created
Aug 24, 2020Proposal vote started
Aug 29, 2020Proposal vote ended
Jan 23, 2024Proposal updated