10,000 YAK to rule them all; our proposal for YAK to govern ve | Yield Yak [Announcements]

10,000 YAK to rule them all; our proposal for YAK to govern ve tokens

With our recent additions of yyJOE and yyPTP which accrue ve balances in Trader Joe and Platypus, we have put forward a proposal to the community for additional YAK utility to govern ve Tokens. We expect this to go to a governance vote later this week.

Expectations for Additional Benefits
In addition to the current benefits yyToken holders receive in the form of Yield Yak platform fees, examples from other ve systems have shown that those with large ve balances may also receive additional benefits to voting power:

Bribes for casting votes in a certain way
Platform revenue distributions
Directing reward weights to benefit Yield Yak

This proposal puts forward that platform fees should go to yyTokens and governance over voting power (Bribes + Reward Weights) to go to YAK.

We encourage you to read more on our blog and join the discussion on any of our Community channels.

https://yieldyak.medium.com/10-000-yak-to-rule-them-all-our-proposal-for-yak-to-govern-ve-tokens-f24121a713d0