Lottery vault aka Pooltogether for YFI holders

Proposals Vaults
1

Summary:

Create a vault were YFI holders would deposit their token, but instead of farming rewards being distributed to everyone, only 1 lucky holder gets the reward (ala pooltogether.com).

Motivation:

Creates another incentive to hold YFI other than voting. Pooltogether has gained significant traction with this idea, and there is potentially significant upside to having this available to YFI holders as well.

Specification:

Lottery rewards to be distributed on a weekly basis.

** Special thanks to DeFi Dad for the inspiration: https://twitter.com/DeFi_Dad/status/1293245540583403520

For: Create new Lottery Vault

Against: No lottery for YFI holders :frowning:

Poll:

  • For: Create new Lottery Vault
  • Against: No lottery for YFI holders :frowning:

0 voters

2

I think this isn’t appropriate tbh. I appreciate the idea but YFI rewards are currently necessary to build out the project and with a lot of hard work, yEarn may rise to be more than just a DeFi toy, but a main stream tool capable of helping more than just the crypto family in-the-know.

I’d like to see this made accessible to SMBs.
A savings account that can actually make a difference.

1 Like
3

Holding is great, but I think we can come up with more meaningful ways to work with our storages of energy ie. hodled tokens or our ideas or our skills, etc.

Thanks for sharing!

1 Like