Scan to download
BTC $76,745.16 -1.92%
ETH $2,288.29 -3.21%
BNB $622.91 -1.70%
XRP $1.40 -2.29%
SOL $84.63 -2.56%
TRX $0.3253 +0.38%
DOGE $0.0980 -1.28%
ADA $0.2457 -2.78%
BCH $448.16 -1.06%
LINK $9.24 -2.70%
HYPE $41.80 +0.40%
AAVE $96.55 -0.83%
SUI $0.9263 -2.09%
XLM $0.1648 -3.37%
ZEC $356.54 +0.40%
BTC $76,745.16 -1.92%
ETH $2,288.29 -3.21%
BNB $622.91 -1.70%
XRP $1.40 -2.29%
SOL $84.63 -2.56%
TRX $0.3253 +0.38%
DOGE $0.0980 -1.28%
ADA $0.2457 -2.78%
BCH $448.16 -1.06%
LINK $9.24 -2.70%
HYPE $41.80 +0.40%
AAVE $96.55 -0.83%
SUI $0.9263 -2.09%
XLM $0.1648 -3.37%
ZEC $356.54 +0.40%

Wintermute plans to apply for a YFI loan from the Yearn Finance community and intends to purchase up to 3 million yCRV

2023-08-14 13:48:36
Collection

ChainCatcher news, the Yearn Finance governance page shows that Wintermute has submitted the "YFI Wintermute Loan and CRV Plan" proposal, which requests approval to provide a YFI loan to Wintermute Trading and authorizes the transfer of 350 YFI (2.18 million USD) from the DAO treasury to Wintermute Trading for a period of 12 months, with an interest rate of 0.1%, to be paid in kind at the end of the loan term.

Additionally, Wintermute plans to use up to 3 million CRV (1.73 million USD) to purchase yCRV and add its assets to the yCRV-CRV Curve pool (lp-yCRV V2) deployed on Yearn for at least 6 months. Wintermute hopes this move will rebalance the current 69%/31% yCRV/CRV liquidity pool, improve yCRV peg, and increase pool liquidity. The proposal states that a snapshot vote will be initiated after 7 days of community discussion and feedback.

app_icon
ChainCatcher Building the Web3 world with innovations.