Summary

β& has proposed that we adopt the following allocation schedule for the remaining 11k yfBeta tokens. This should allow for incentives to future vaults as well as provide incentives for current and future developers, moderators, influencers, and more.

Proposal

1. 6,000 yfBETA to be split into three additional vaults of 2,000 yfBeta, running for 1 month. Right now, farming UNI appears to produce a high APY, around 50%ish, so this should provide a good boost to vault profits (and the buy and burn mechanism).

2. 3,000 yfBETA to be split into 3 vaults of 1,000 yfBETA - these would be done as the last set of vaults once the others are finished.

3. 1,000 yfBETA for the current team - I would use this to pay the rest of the team and hire additional devs to help with future workload. I would propose to release 1/3rd of this now and the rest linearly over a 6month period.

4. 1,000 yfBETA to be used for (i) paying the moderators, (ii) incentivizing additional growth of the platform via influencers, community engagement, bug/dev bounties, giveaways and competitions, etc. I would propose to release 1/3rd of this now and the rest linearly over a 6month period.

TL;DR

A vote of Yes means: The remaining 11k yfBeta will be allocated based on the above schedule. This schedule will remain active until any future allocation is approved.

A vote of No means: We will leave the 11k yfBeta tokens alone until another allocation schedule is approved by the community.