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ETH $1,872.10 -0.48%
BNB $602.16 -0.88%
XRP $0.9914 -0.96%
SOL $74.53 -1.02%
TRX $0.3309 -0.02%
DOGE $0.0695 -0.07%
ADA $0.1751 -0.47%
BCH $203.58 +0.09%
LINK $9.39 -0.78%
HYPE $57.09 +0.29%
AAVE $85.90 -0.24%
SUI $0.6700 -1.03%
XLM $0.1562 -0.98%
ZEC $486.52 -0.12%

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

2023-08-26 14:07:44

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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