Thanks @banteg for putting this together. It’s reassuring to see that we’re open to tweaking stakeholder incentives to ensure yearn’s long-term growth.
As someone who is only a staker and not a strategist or contributor, I’ll be voting FOR this proposal.
Some thoughts:
The charts in the proposal’s description can be a little misleading. They show a drop in the total amount going to stakers, when in fact what’s actually going down is the fee percentage going to stakers. This percentage drop can be overlooked if the total amount stakers earn is significantly higher when we have more motivated strategists and contributors.
It might help the proposal if @banteg as the proposer could share his ballpark sense of how much overall fees would increase with the new incentive structure.
IMO there is some truth to this, and I’ve commented about free-riding elsewhere. But even so, saying this is needlessly polarizing. Any change to the fee structure will need to be a community decision anyway since stakers are the ones who vote on proposals.
I’m for this but I’d prefer this to be a separate poll to gauge community sentiment. Also it’s not clear how this gets implemented, will stakers now be rewarded with yYFI instead of yCRV?