The Yearn Community Proposes to Use the yOptions Program to Streamline the Remuneration of Contributors

TokenInsight news, The Yearn community proposes to introduce the yOptions program to streamline the remuneration of contributors. The specific measure is that contributors will be able to buy discounted $YFI up to their current monthly salary level; All purchased $YFI will be immediately locked into $veYFI; The discount range is 10% - 60% of the current market price, depending on the $veYFI lock-in period of each contributor; Each strategist allocates a bonus based on the net income from their strategy, which is a multiple of their average historical monthly net income, and is paid with $veYFI. The multiple range is 3-18, which is determined by the lock time.
Source

DeFi

In This Article

Related News
Solana Lending Protocol MarginFi saw $200M Users Fund Outflow in Two Days Solana Lending Protocol MarginFi saw $200M Users Fund Outflow in Two Days
The U.S. SEC Issued a Wells Notice to Uniswap The U.S. SEC Issued a Wells Notice to Uniswap
Frax Finance to Allocate $250M Ethena's USDe to a New Liquidity Pool Frax Finance to Allocate $250M Ethena's USDe to a New Liquidity Pool
Aave Proposes to Implement a Fee Switch to Distribute Fees to Token Holders Aave Proposes to Implement a Fee Switch to Distribute Fees to Token Holders
Ethena Launched $ENA Token and Kicked off 2nd Incentives Program Ethena Launched $ENA Token and Kicked off 2nd Incentives Program
Latest News More More
23 Hours Ago Chainlink Launched Bridging app Powered by CCIP
1 Day Ago Web3 Credentials and Rewards Platform Galxe Launch Mainnet
1 Day Ago Nomic to Partner with Babylon to Launch Liquid Staking Token for Bitcoin
2 Days Ago HK SEC Expedited the Approval Process for Spot Bitcoin ETF in Hong Kong
2 Days Ago New Layer 1 Monad Labs Raised $225M, Led by Paradigm
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open