Create a new strategy (or vault, if applicable) that would deposit stablecoins (DAI, USDC, USDT, TUSD), to farm SWRV.
Yearn has a large reliance on Curve and farming CRV in order to generate yield for its primary product: yVaults. This proposal would expand Yearn’s yield-generating activities to another asset (SWRV) and protocol, reducing reliance of Yearn’s revenue on one governance token (CRV).
Reduce the reliance on CRV for Yearn’s revenue. Create more options end-users can use to obtain yield in the market. Yearn should not ignore and be limited to specific protocols for yield. We should be open to exploring and capitalizing on all opportunities in the market.
- Create a new strategy, or a new vault if necessary that would farm SWRV.
- SWRV is sold for the base asset in the strategy/vault.
- Depositors have claim over the excess profits.
Poll to gauge sentiment.
I know a few Yearn community members dislike swerve, well if you dislike it so much we can farm it and dump it to zero. This proposal isn’t about protocol bias/support it is about expanding yield-generating options within Yearn and giving users more options to obtain returns.