Yearn community new proposal: Launch the complete Yearn V3 system and deploy it to Polygon first

2023-08-19 15:21:52
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ChainCatcher news, the Yearn community recently proposed a new proposal aimed at launching the complete Yearn V3 system, which will confirm the design specifications of V3 and support its deployment.

The V3 system will allow anyone to deploy vaults and strategies without permission. V3's vaults and strategies will be completely independent, meaning one vault can deploy capital to multiple strategies, while strategies can accept capital from different vaults. The V3 proposal outlines significant improvements for vaults and strategies, including higher composability, decentralization, customization, efficiency, and profit-locking mechanisms.

Additionally, V3 introduces a protocol fee controlled by governance, ensuring that the Yearn treasury continues to generate revenue. The proposal states that the initial rollout of V3 will focus on areas that V2 has not widely explored, starting with promotion on Polygon and then expanding to other chains such as Arbitrum, AVAX, Optimism, and Ethereum.

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