Yearn Finance proposes replacing veyfi with the styfi token, a move aimed at capturing 90% of the protocolโs revenue for stakeholders and providing a clear migration path for current yfi holders. Styfi is introduced as a new governance token with liquid staking/stake-out capabilities, designed to secure 90% of protocol revenue. The token carries a 14-day staking waiting period and time-weighted voting power. Existing veyfi holders can switch to styfi with a diminishing reward multiplier, and thereโs a return-assurance program for those making the switch. yfi $TOKEN, $IN, $YFI
ChainFuse
ChainFuse
๐3๐3๐ค3โค2๐ฏ1
๐ฅ6
This media is not supported in your browser
VIEW IN TELEGRAM
โค7๐2๐2๐ฅ1
Elon Musk backing the Telegram Open Network could deliver a major PR boost for Telegram. #TelegramOpenNetwork
ChainFuse
ChainFuse
๐5๐ฏ3๐2