When will YFI split

08/03/2023 12:52 • Crypto & Markets • 50 views

YFI when to split Editor’s note: This article is from Babbitt Information (ID: bitcoin8btc), authored by Kyle, authorized for publication by Planet Daily Andre Cronje, the founder of YearnFinance, tweeted that he is considering splitting the YFI token into two parts: one is part of governance and voting rewards; Another type is incentive mechanisms

From today to September 17, all YAMv2 holders will receive a new yUSD token after the YAMv1 contract will undergo a thorough major upgrade (this is the first major upgrade on Ethereum), which means that users can earn additional benefits for the agreement without collateral. This new token is called the “Liquidity Guidance Pool” (LPpool), allowing liquidity providers to achieve an annualized return of up to 30%. However, due to the current insufficient supply of liquidity to meet market demand, the project has decided to undergo a small-scale update, but has not yet been finally deployed Before this major upgrade, no one can use the yETH/ETH pool on Uniswap or Curve to short ETH, which will need to be implemented in the next few days or so. Therefore, we can understand it as an upgrade to UniswapV3 When will YFI split? Split yCRV into 1 billion tokens in mid September. Then calculate the weekly allocation of community funds at a price of $100 per week, which is the weekly fee income. According to the official statement of YFI, this is equivalent to a total of 5 billion tokens (including 1 million DAI, 250000 LINK, 10 million TRX, and 20 million UNI) If you are unable to participate in governance throughout the entire time period and approve a change through a governance proposal vote, then this number becomes 500 million tokens. This is a significant improvement for DeFi, especially as it continues to evolve. So I suggest not using yCRV anymore Add YFI/ETH trading pairs in YAMV1 because it is just a medium of exchange (an asset or service) and does not have the same swap characteristics as most ERC-20 tokens. (Note here that the YFI/ETH transaction pair is not issued by a specific address, it is linked to a specific type of ERC20 token and not issued by a single address.) Add YFI/ETH trading pairs in YAMV1, you can visit the official website http://aave.exchange/apps/ After adding liquidity and pledge functions on YAMV1 (step 4), you can obtain two different liquidity mining plans: the first round: adding new pools from YAMM-A and YAMV2-B and migrating them to generate more liquidity.

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When will YFI split

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