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BNB $568.83 +0.78%
XRP $1.09 +0.63%
SOL $74.37 +0.73%
TRX $0.3311 +0.22%
DOGE $0.0716 +3.28%
ADA $0.1647 +0.50%
BCH $209.65 -0.29%
LINK $8.36 +0.44%
HYPE $58.19 +1.33%
AAVE $91.98 -1.09%
SUI $0.7117 +0.25%
XLM $0.1782 +0.46%
ZEC $484.81 -0.49%

The Yearn community has opened voting on the "Wintermute YFI Loan and CRV Program" proposal

2023-08-26 14:07:44
Collection

ChainCatcher message, the Yearn community's proposal on "Wintermute YFI Loan and CRV Plan" has opened for voting, which will end at 02:14 Beijing time on August 31.

In this proposal, Wintermute requests the Yearn community to approve a YFI loan to Wintermute Trading and authorize the transfer of 350 YFI (approximately $1.98 million) from the DAO treasury to Wintermute Trading, with a loan term of 12 months and an interest rate of 0.1%, to be paid in kind at the end of the loan.

At the same time, Wintermute plans to use up to 3 million CRV (approximately $1.4 million) to purchase yCRV and deploy it into the yCRV-CRV Curve pool.

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