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Yearn.Finance team proposes changes to the tokenomics

Twitter icon  •  Published 2 years ago  •  Hassan Maishera

Yearn.Finance wants to reward YFI token holders with the tokens repurchased from the open market

The Yearn.Finance team has proposed certain changes that seek to evolve the project’s tokenomics. The proposal seeks to reward YFI holders with the YFI token buybacks, diluting paper hands for the benefit of the blue-pilled diamond hands.

The proposal means that YFI holders that actively participate in Yearn Governance will be rewarded with the YFI tokens that were bought back using the project’s treasury. This latest development comes a few days after the Yearn.Finance team bought back $7.5 million worth of YFI from the open market. YFI is currently up by more than 6% over the past 24 hours and has added nearly 60% to its value in the last seven days.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.