The Yearn Finance neighborhood has been discussing increasing the provision of YFI as a option to compensate the decentralized finance (DeFi) platform’s de facto staffers. The vote went reside on the web app Snapshot on Jan. 28 and ended right this moment at 18:00 UTC.
There’s a complete of 30,000 YFI in existence, per the mission’s authentic “honest launch.” If the brand new tokens had been minted proper now and had no affect in the marketplace capitalization, then one would count on the worth of YFI to drop to one thing like $25,000 (that means the brand new tokens could be price $167 million), however these items are usually not predictable.
The ultimate vote to extend the provision was 1,670 YFI for versus 331 in opposition to. The quorum for a vote to go is 20% of the YFI staked to governance, in accordance to Yearn’s documentation. CoinDesk has not been in a position to decide if an satisfactory variety of YFI holders voted.
It is a growing story and might be up to date.