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DOGE $0.0977 -0.55%
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BCH $453.71 -0.30%
LINK $9.32 -0.77%
HYPE $41.27 -0.02%
AAVE $93.95 -0.59%
SUI $0.9456 -0.65%
XLM $0.1703 -1.80%
ZEC $355.96 -0.66%

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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