Distribute vested CRV to yyCRV LPs, liquidate the vested CRV and give out as dividends to YFI holders, use vested CRV to vote lock 4 years and give yVault a 2.5x CRV generation boost.
As mentioned in this tweet; https://twitter.com/iearnfinance/status/1294872078462717956 , yVault currently has 609,687 CRV vested with 1670 CRV linearly releasing each day. As this strategy is not codified there needs to be manual intervention. All manual intervention should be dictated by YFI holders.
Option 1: Create a new rewards contract that receives vested CRV daily, LP’s to the yCRV yVault can stake their yyCRV and receive additional CRV.
Option 2: Liquidate vested CRV daily and provide funds to treasury and dividends to YFI holders
Option 3: Use the CRV via YFI governance (giving CRV voting rights to YFI) as well as boost yVault CRV generation by 2.5x (greatly incentivizing deposits which further increase fees and dividends ~ essentially increasing daily rewards by 2.5x) - (this one is my personal bias)
More information available about boost here; https://guides.curve.fi/how-to-boost-your-crv-rewards-by-vote-locking/
Current value of CRV vested $3,7775,165.67
This is just a signalling request to see what the community is leaning towards. I think we should implement off-chain vote signalling, after we see how the forum poll goes we can further decide on this.
- Distribute to yVault LPs
- Distribute to YFI treasury and holders
- Participate in CRV governance and 2.5x boost