Yearn Finance's new proposal aims to allocate 90% of the protocol's revenue to YFI token stakers

ChainCatcher news, according to DLNews, anonymous contributor 0xPickles recently submitted a comprehensive reform proposal aimed at reshaping the development trajectory of the DeFi protocol Yearn Finance.

The proposal's three plans attempt to revitalize the project through income distribution reform, enhanced contributor accountability, and shared token value. The core transformation of the proposal is that 90% of the protocol's income will be directly distributed to holders of locked YFI tokens.

Under the new mechanism, users can participate in income distribution by staking YFI to obtain stYFI certificates. Specifically, this includes:

• Staking model replaces voting escrow: Eliminating complex mechanisms and adopting direct staking for income distribution
• DAO governance restructuring: Establishing a profit-centered decision-making mechanism, requiring contributor budget applications to include on-chain financial reports
• Institutionalized contributor incentives: Allocating 1,700 YFI (approximately $500,000) for strategic incentives, setting a cap on performance bonuses and a retention pool for long-term contributors.