Rewards from governance - change to yfi

[tcss007]

Is there a reason why governance rewards are in ycrv?

Just want to test the interest here if it is better to reward in yfi. This will also help to create an additional buy pressure for yfi.

Also it will be good to have “claim and stake yfi” in a single transaction. With the current gas fees, it is not “rewarding” for small yfi stakers.

[jiecut]

Proposal: Change Governance staking rewards to yUSD

Summary: This proposal would change the governance rewards for staking YFI from yCRV to yUSD. (yUSD is the yearn Vault for yCRV). Abstract: Currently the governance staking model rewards YFI stakers with yCRV. This will change staking rewards to yUSD. This will maximize the yield and compounding of the governance staking rewards, and reduce the friction from gas. Motivation: Currently there is 53k yCRV in rewards that have been accrued and haven’t been claimed. Due to high gas costs, m…

Change YFI staking rewards to increased YFI

Summary: This proposal would change the rewards for governance staking YFI from yCRV to increasing YFI shares by purchasing from the market and adding to the staking pool Abstract: Currently the governance staking model rewards stakers with yCRV as a cashflow incentive. I believe that the tokenomics of distributing YFI instead would provide better yield for the governance holders and would better fit the emerging ethos of the yvault products. Motivation: Currently, the yCRV rewards ar…

[tcss007]

Thanks.

Looks like changing to yUSD is more popular, even though my preference is yfi.

Are we moving this as YIP?

[Leo]

I would prefer to have a new token, like this increasing the rewards and we could go trade or vault it. the token should also not only be distributed for the number of tokens that you have in stake but you could have:

• the more days the YFI is staked, more you get
• the more you vote, more you get