Good morning all!
As a huge fan and early participant of Andre’s work and the yearn eco-system, I’m saddened to have to be posting this as it’s clear the discussion was never given any real opportunity.
Myself and MANY others have been extremely disappointed after we learned earlier this week that YIP-37 planned not to distribute the pre-CRV rewards earned by the yVault depositors directly to those who provided liquidity, and did not even offer it as a point of discussion within the poll.
If I understand correctly, YIP-38 suggests keeping the BAL rewards from the yCRV/YFII Balance pool which was used in the same yVault strategy?
I understand that yearn is governed by the owners of YFI, this is part of the amazing value surrounding the protocol, but this is a serious violation of peoples rights taking place. Voting to steal (yes, it’s stealing, just like the banks do when they decide to use your money on deposit for their own financial gain without permission and make a vote to ‘legalise’ on their self appointed authority) the rewards earned from those who provided liquidity is a serious misstep in the growth of the yearn protocol and steps a dangerous precedent for future farming strategies.