Yam DAO's new proposal suggests shutting down the project and distributing the treasury to token holders

Chain Catcher news, a new proposal from the DeFi project Yam Finance's governance body, Yam DAO, suggests shutting down the project and distributing its treasury assets to token holders. The redemption price for each Yam token will be between $0.207 and $0.25. For example, if you hold 3% of the token supply, you can burn those Yam tokens and receive 3% of the treasury assets. After 12 months, any remaining unredeemed treasury assets will be donated to charity.
It is reported that as the DeFi hype fades and market interest shifts to NFTs, the Yam Finance token has fallen from a high of over $6 to its current price of $0.17, leading its community to lose confidence in the current project development. (Source link)