Decentralized Finance (Defi) Protocol Jail Finance (YFI) is in the news with a new proposal that aims to radically change the income distribution mechanism.
The reform package, submitted by an anonymous contribution with the nickname “0xpickles”, aims to reform the development folder of the protocol.
The most striking aspect of the proposal is that 90% of the income from Jail Finance will be directly distributed among locked YFI token farmers. Users will then use YFI to earn Styfi certificates and participate in sharing income.
Other remarkable regulations of the plan include the following:
- The preparation of model: the removal of the existing complex Proxy mechanism and the direct distribution of income by deportation.
- Restructuring DAO governance: setting up a profit-driven decision-making mechanism and requiring contributors to include financial reporting on chains in their budget requests.
- Institutionalization of the participants’ incentives: assigning around 1,700 YFI ($ 500,000) strategic stimulation funds, creating a special pool for long -term contributors with covered performance bonuses.
*This is not investment advice.
