Odaily Planet Daily News According to Yearn official news, the "Wintermute YFI Loan and CRV Plan" YIP-74 has started voting. Voting will close on August 30.
According to the proposal, Wintermute proposed that the community approve the provision of YFI loans to Wintermute Trading and authorize the transfer of 350 YFI from the Yearn DAO treasury to Wintermute Trading for a period of 12 months at an interest rate of 0.1%, and pay in kind at the end of the loan period .
In addition, Wintermute plans to use up to 3 million CRVs to purchase yCRV, and newly deploy its assets to the yCRV-CRV Curve pool (lp-yCRV V2) on Yearn, pledged for at least 12 months.
The proposal requires Wintermute Trading to deposit its CRV and/or lp-yCRV into a multisig address as collateral for the loan. This revised version of the proposal also adds an option that Wintermute can terminate the loan early and recover its collateralized tokens after 6 months.