Switch to gYFI time weighted voting power distribution

[Arcturus]

@SheckyGreen

I support any tweaks that reward YFI holders’ commitment to participate in governance, such as this. But seeing how things are unfolding, I’m wondering:

Does it make sense to merge the YFI vault with YFI governance, so YFI holders can do all three simultaneously: 1) stake to vote in governance; 2) stake to earn governance rewards; 3) earn YFI yield with the vault strategies.

Why force YFI holders to choose between the yYFI vault (yield) and governance staking (rewards)? Why not allow us to do it all—to the benefit of the token and the system?

Maybe I’m overlooking a reason why this is not a good idea. Is there a downside, perhaps it introduces more risk?

I explain it here more in-depth Governance, vaults, and yYFI - #5 by Arcturus but essentially staking YFI in a vault exposes it outside of our platform via lending on CREAM. What someone with sufficient funds could do is continuously borrow more YFI to get yYFI, virtually increasing the total tally of votes. In other words “double voting” among other issues described above by @skrypts