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yETHyETHby0x4BeBC94Ae6f99b6Ea9B9A5932f3633d1bf4e5fCByETH POL

Move yETH Token Management Role Temporarily to yChad Pending On-Chain Governance

Voting ended over 2 years agoSucceeded

Per the approved yETH YIP, only three roles are approved to mint yETH:

  1. The Pool, holding LSD assets and minting yETH at a 1:1 ratio to the ETH equivalent of these assets.
  2. The Bootstrapper, used to launch yETH, with minting enabled only for a limited time period.
  3. The POL contract, providing protocol-owned liquidity in pools.

This proposal aims to extend minter permissions to additional contracts via on-chain governance. This facilitates pool upgrades without the need to redeploy yETH. Until such governance is in place, yChad.eth multi-sig will hold this capability.

Specification

New minter roles for yETH can be established through an on-chain vote by st-yETH holders. Prior to the launch of on-chain governance, yChad.eth will retain this authority.

Off-Chain Vote

Yes - move to yChad
455.97 st-yETH-s98.8%
No - burn
5.73 st-yETH-s1.2%
Download mobile app to vote

Timeline

Sep 28, 2023Proposal created
Sep 28, 2023Proposal vote started
Oct 05, 2023Proposal vote ended
Nov 26, 2024Proposal updated