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Love & coordination at the frontier of governance: How Yearn minted $300 million

Published 02/15/2021, 11:34 AM
Updated 02/15/2021, 12:00 PM
Love & coordination at the frontier of governance: How Yearn minted $300 million

On February 2nd, at 6:00pm UTC Yearn Improvement Proposal 57 passed mandating that Yearn Finance, the decentralized and permissionless neo-hedge fund where I work, mint 6,666 new YFI tokens.

YFI holders themselves passed this vote, with 83% voting in favor, and the highest engagement since Yearns now-mythical fair launch. The effects of this new twist in the story of DAOs of what may be the most important governance action in the history of DeFis most decentralized bluechip so far are still being written. To me, this changes everything.

Black Holes & Prokaryotes

Enlightened Nerds

Brrrr-less & Open Source

Buyback & Build

The Mint

Shifting Overton

Growth

Next, the Stars

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