Let’s talk about the YFI Governance 2.0 rewards.
Currently stakers of YFI can get access to Yearn ecosystem rewards:
As written by Andre: https://medium.com/iearn/yfi-rewards-pool-810ef9256ec6
These include, but are not limited to;
- yearn.finance interest
- COMP from compound
- CRV from curve.fi
- curve.fi/y trading fees
- ytrade.finance leverage fees and liquidation bonuses
- yswap.exchange underlying system fees
- yliquidate.finance liquidation bonuses
- system dust (unassigned interest or fees)
ONLY fees are awarded to YFI stakers (Can someone verify this)
“These fees will be collected on a daily/weekly basis, and can be requested by the governance contract. Once claimed they are distributed to the vault contract. The vault contract normalizes the rewards to aDAI (Aave’s wrapped interest bearing DAI) via 1split.eth (1inch.exchange’s on-chain dex) and sends the funds to the rewards contract.”
Current rewards are sent as Ycrv? Can anyone confirm the above or add more detail on these rewards.
Staking and holding YFI is much higher risk then holding just a stable coin in a liquidity pool and we think it should be rewarded more in tune with the risk factor.
The proposal is to include a % allocation of YFI for these YFI Governance 2.0 Staking.
Would love to hear everyones thoughts and comments?