After every 10,000 $CMD transactions, the contract triggers a 24-hour "Tribunal Phase." During this window, ANY holder can submit a wallet address they want "prosecuted" by paying a 0.01 ETH nomination fee (all fees go to buyback and burn). The nominated wallet with the most votes gets hit with a "Guilty Verdict": their next 5 trades are taxed at 10% instead of the base rate, and that entire extra tax is burned. The nominator who started the winning case gets 5% of the burned amount airdropped to them as a "bounty." No wallet is safe — even whale wallets can be put on trial. The contract enforces the verdict automatically. Justice is served, supply is burned, and the community becomes the judge.
After every 10,000 $CMD transactions, the contract triggers a 24-hour "Tribunal Phase." During this window, ANY holder can submit a wallet address they want "prosecuted" by paying a 0.01 ETH nomination fee (all fees go to buyback and burn). The nominated wallet with the most votes gets hit with a "Guilty Verdict": their next 5 trades are taxed at 10% instead of the base rate, and that entire extra tax is burned. The nominator who started the winning case gets 5% of the burned amount airdropped to them as a "bounty." No wallet is safe — even whale wallets can be put on trial. The contract enforces the verdict automatically. Justice is served, supply is burned, and the community becomes the judge.
After every 10,000 $CMD transactions, the contract triggers a 24-hour "Tribunal Phase." During this window, ANY holder can submit a wallet address they want "prosecuted" by paying a 0.01 ETH nomination fee (all fees go to buyback and burn). The nominated wallet with the most votes gets hit with a "Guilty Verdict": their next 5 trades are taxed at 10% instead of the base rate, and that entire extra tax is burned. The nominator who started the winning case gets 5% of the burned amount airdropped to them as a "bounty." No wallet is safe — even whale wallets can be put on trial. The contract enforces the verdict automatically. Justice is served, supply is burned, and the community becomes the judge.
# YIP-210 Whitelist, NFT Project Funding, Developer Payment, Bug Bounty
## Proposal: YIP-210 Whitelist, NFT Project Funding, Developer Payment, Bug Bounty
### Introduction
This proposal combines several important initiatives aimed at enhancing the Yam Finance ecosystem. It encompasses the whitelist implementation of YIP-210, funding for a new NFT project called Yiqi, payment for the development of YIP-210, and a bug bounty reward. These measures will strengthen the governance system, support innovative projects, incentivize contributions, and ensure the security of the platform. Please review the details below for each component of the proposal.
### YIP-210 Whitelist
This component seeks to whitelist the implementation of YIP-210, a contract designed to rebalance the STETH/USDC ratio on the Yam treasury. The original proposal, which was approved, can be found [here](https://www.tally.xyz/gov/yam-finance/proposal/40). Whitelisting the implementation will enable secure integration within the Yam ecosystem, ensuring the successful execution of the rebalancing mechanism. The code for YIP-210 can be found [here](https://github.com/yiqi-nft/YIP-210).
### NFT Project Funding (Yiqi)
This proposal requests funding for the design, creation, and deployment of a new NFT primitive called "Deposit to Mint." Yiqi is an innovative NFT project that allows users to deposit ETH to mint an NFT. The project features a unique treasury system that allows for pro-rata redemption by burning the NFT. It incorporates burn fees to discourage repetitive minting and burning. Additionally, it collects burn fees and royalties from secondary sales, which are deposited into the treasury to increase the pro-rata redemption value of all NFT holders. The NFT collection will be based on individual 1 of 1 Avatars representing the Chinese Zodiac with interchangeable backgrounds that promote well-being for the holder and the avatar. The funding will be used for smart contract development, artwork creation, website development, branding, marketing, and more. This project aims to revitalize the NFT ecosystem and restore confidence in the market. More details about Yiqi can be found [here](https://www.tally.xyz/gov/yam-finance/proposal/41). The code for the Yiqi NFT contracts can be found [here](https://github.com/yiqi-nft/yiqi-contracts). Some of the avatars that will be produced in the NFT project can be viewed [here](https://zodiac.super.site/).
### Developer Payment (YIP-210)
In recognition of his outstanding contribution, this proposal includes a payment for 0xChefMike, who developed and deployed the YIP-210 proposal. 0xChefMike's expertise and dedication were crucial in bringing this initiative to life. Providing fair compensation demonstrates our appreciation and encourages further participation from talented developers within the community.
### Bug Bounty Reward
To maintain the security and integrity of the Yam governance contracts, it is essential to incentivize community members to actively search for vulnerabilities. This proposal includes a bug bounty reward for Zach, who discovered a vulnerability in the Yam governance contracts. The vulnerability involved the votingDelay() parameter, which allowed for potential manipulation of governance votes. By offering a reward, we acknowledge Zach's efforts and encourage the community to actively participate in identifying and resolving potential security risks.
By implementing this proposal, we demonstrate our commitment to fostering a secure, innovative, and community-driven environment within the Yam Finance ecosystem. Your support for this comprehensive initiative is greatly appreciated.
# Request for Funding: "Deposit to Mint" NFT Project
# Request for Funding: "Deposit to Mint" NFT Project
Author: @Feddas Contact: IYamFeddas.eth@skiff.com
Co-Author: @Stockscotty
## Summary
This is a request for funding to design, create and deploy a new NFT Primative "Deposit to Mint". Deposit to Mint is an innovative NFT project that allows users to deposit ETH to mint an NFT. The project features a unique treasury system that allows for pro-rata redemption by burning the NFT. There is a burn fee to discouraging repetitive minting and burning. The platform also collects burn fees and royalties from secondary sales, which are deposited into the treasury to increase the pro-rata redemption value of all NFT holders. The goal of this new primative is to align the interests of the team, holders and prospective buyers. **The treasury will be converted to Liquid Staked ETH to earn yield for Yam's Treasury.**
The theme of the NFTs will be individual 1 of 1 Avatars based on the Chinese Zodiac with interchangable backgrounds that highlight feng shui elements to promote well being for the holder and the avatar. Sample NFT image:
NFT supply is projected to be 8888 NFTs, and deposit will be .1 ETH.
Project can be further expanded upon with additional backgrounds that are interchangable or additional seasons.
## Background
The NFT market, once a booming space, has experienced a significant slowdown in sales and trading. The reasons behind this decline can be attributed to several factors, including unfulfilled promises by project teams, mis-aligned incentives, and an oversaturated market. Deposit to Mint offers a sustainable and inclusive solution to the current issues faced by the NFT market. By aligning the interests of all stakeholders and incorporating unique features like pro-rata redemption, burn fees, and yield generation, this project has the potential to revitalize the NFT ecosystem and restore confidence in the market.
@feddas Yam contributor since 2020 who has been and still is responsible for maintaining the treasury and protecting holder's interests around the treasury. Assisted Sushiswap in managing their treasury. Prevented malicious actors from trying to redeem the treasury and then donate the rest of the treasury to a charity that they controlled.
@chillzone Yam contributor since 2020, in charge of artistic design for all of Yam's media and products. Long history in videography and media creation.
## Project Goals
1. Develop and deploy secure smart contracts for the NFT minting and redemption processes.
2. Create a unique and engaging NFT collection based on the Chinese Zodiac with interchangeable backgrounds.
3. Develop a user-friendly Website for NFT creation, background swapping.
4. Showcase the potential of the new "Deposit to Mint" primitive for other NFT projects.
5. Generate sustainable yield for the Yam Treasury.
## NFT Concept and Theme
- Collection Theme: Chinese Zodiac Avatars
- Artwork Style: Individual 1 of 1 avatars based on the Chinese Zodiac
- Unique Features: Interchangeable backgrounds highlighting feng shui elements to promote well-being
- Total Supply: 8888 NFTs
- Deposit for Minting: 0.1 ETH
## Smart Contracts and Technical Specifications
- Smart Contract: Custom ERC-721 token contract for NFT creation
- Treasury System: Unique mechanism for pro-rata redemption by burning NFTs
- Burn Fee: Fee to discourage repetitive minting and burning
- Royalties: Collection of burn fees and royalties from secondary sales to increase pro-rata redemption value for NFT holders
- Yield Generation: Conversion of the treasury to Liquid Staked ETH to earn yield for Yam's Treasury
## Platform and Integration
- Primary Platform: Custom-built website for NFT minting, swapping backgrounds
- Secondary Platforms: Integration with popular NFT marketplaces for increased visibility and trading volume
## Development Roadmap
1. Phase 1: Smart contract creation, design and creation of NFT artwork
2. Phase 2: Smart contract testing, scrubbing of artwork to create NFTs with metadata
3. Phase 3: Design and build front-end and back-end systems
4. Phase 4: Branding, marketing of the project
5. Phase 5: Launch project and marketing
## Milestones and Deliverables
The project will be divided into several milestones, each with a set of deliverables to track progress and ensure the timely completion of the project.
### Milestone 1: Smart Contract Development and NFT Artwork Creation (Month 1)
- Deliverable 1.1: Complete smart contract development for NFT minting and redemption
- Deliverable 1.2: Develop and finalize the NFT artwork for the Chinese Zodiac Avatars and interchangeable backgrounds
### Milestone 2: Smart Contract Testing and Metadata Integration (Month 2)
- Deliverable 2.1: Conduct thorough internal testing and debugging of the smart contracts
- Deliverable 2.2: Integrate metadata into the NFT artwork to create the final NFT collection
### Milestone 3: Platform Development (Month 2-3)
- Deliverable 3.1: Design and develop the front-end user interface for the platform
- Deliverable 3.2: Implement back-end systems for minting, background swapping, and trading
### Milestone 4: Branding and Marketing Preparation (Month 4)
- Deliverable 4.1: Develop a comprehensive marketing and promotion strategy
- Deliverable 4.2: Create promotional materials, such as graphics, articles, and social media content
### Milestone 5: Project Launch and Post-Launch Support (Month 4)
- Deliverable 5.1: Launch the platform and initiate the marketing campaign
- Deliverable 5.2: Provide ongoing support, maintenance, and updates for the platform and community
## Marketing and Promotion
- Community Building: Engage with the target audience through social media channels and community groups and forums
- Partnerships: Collaborate with other NFT projects, artists, and influencers for cross-promotion
- Events: Host virtual events, such as AMA sessions, spaces, and contests to build hype and engagement
## Budget and Funding
- Total Budget: $65,000 USD
- Approximate Breakdown:
- 15k: Smart contract and back-end development
- 10k: Front end design and development
- 15k: Art and Graphic design including website design
- 10k: Marketing and Promotion
- 10k: Business Development
- 5k: Infrastructure
- Payment Plan:
- Part 1 (33% of total budget): $21,450, to be paid upon completion of Milestone 1 (Smart Contract Development and NFT Artwork Creation)
- Part 2 (33% of total budget): $21,450, to be paid upon completion of Milestone 3 (Platform Development)
- Part 3 (34% of total budget): $22,100, to be paid upon completion of Milestone 5 (Project Launch and Post-Launch Support)
The payment plan is divided into three parts, with each part corresponding to a significant milestone in the project's development. This approach ensures that funds are disbursed based on the progress and completion of deliverables, aligning incentives between the development team and the funding provider.
## Security and Auditing
- Code Review: Smart contracts will undergo thorough internal review and testing to ensure they are secure and function as intended.
# Request for Proposals (RFP): Smart Contract Development / Testing for YIP-210
# Request for Proposals (RFP): Smart Contract Development / Testing for YIP-210
Author: @Feddas Contact: IYamFeddas.eth@skiff.com
Full Request and Comments Here: https://hackmd.io/@Feddas/Sy2ZFpsV3
## Background
1. 0xE has maliciously denied other team members admin access to Yam's core infrastructure. Discord / Twitter / Forums (closed) / Github / Gsuite (closed) / Website is all under his sole control. He has removed admin access from other team members without a vote or consultation. https://snapshot.org/#/yam.eth/proposal/0x617192f236033eac7439ec0b3ef8765c7b5eaf4279609ff02b195fb248ca20a8
2. Snapshot has also been censored by 0xE. Yam holders are no longer able to submit proposals without 0xE's approval. All proposals will be submitted to Yam's governance from now on. Any questions or discussions can be done via the link on the proposal.
## I. Introduction
We are seeking proposals from competent and experienced blockchain developers to design, implement, and test a smart contract system that will execute the treasury management rebalancing strategy as described in YIP-210.
https://snapshot.org/#/yam.eth/proposal/0xaee9727ec0319e77da7ac49d5e4db631a75fb034aa27748e688c4bfb8458c349
## II. Project Summary
YIP-210 seeks to simplify treasury management by adopting a rebalancing strategy for a portfolio consisting of 70% ETH and 30% USDC, with a rebalancing threshold of 7.5%. This strategy is intended to lower maintenance and minimize on-chain smart contract interactions with the treasury. Based on backtesting, this strategy has shown to provide superior results compared to a buy and hold strategy since 2021, with lower volatility.
## III. Scope of Work
The selected contractor will be expected to perform the following tasks:
1. **Develop Smart Contracts:** Design and build smart contracts to automate the rebalancing of the treasury based on the rules defined in YIP-210. The smart contracts should adjust the balances of the treasury to 70% stETH and 30% USDC.
2. **Testing:** Thoroughly test the smart contracts under different scenarios to ensure they function as expected. This should include unit tests, integration tests, and stress tests.
3. **Deployment:** Deploy the smart contracts to the Ethereum mainnet and provide necessary documentation for their use.
4. **Maintenance and Support:** Provide ongoing support and maintenance for the smart contracts, including any necessary updates or bug fixes.
## IV. Proposal Requirements
Proposals should include:
1. Detailed technical approach explaining how the objectives will be achieved.
2. A project timeline with key milestones and estimated completion dates.
3. Information about the proposing team's qualifications and experience with similar projects.
4. Examples of previous work on smart contract development, preferably with a focus on treasury management or similar financial applications.
5. Detailed budget, broken down by task and total costs.
6. Any risks or challenges the team anticipates and proposed mitigation strategies.
## V. Selection Criteria
Proposals will be evaluated based on the following criteria:
1. The technical feasibility of the proposed approach.
2. The proposing team's experience and qualifications.
3. The proposed budget and timeline.
4. The quality of previous work.
## VI. Proposal Submission
Please submit your proposal by email to iyamfeddas.eth@skiff.com no later than 5/15/2023. Proposals received after this date will not be considered. All submissions should be in PDF format.
If you have any questions about this RFP, please direct them to iyamfeddas.eth@skiff.com. We look forward to reviewing your proposal.
## VII. Confidentiality
All information shared in the RFP process will be treated as confidential and will not be used for any purpose outside the scope of this process.
# Cleaning up developer debt on the treasury, setting all old approvals to 0.
This will reset all previously approved contracts to 0 for the treasury.
Removes potiential attack vector on the treasury.
Feddas
# Yam Finance Treasury Redemption Until April 10th 2023
#Yam Finance Treasury Redemption Until April 10th 2023
This proposal will:
1. Fund the [Treasury Redemption](https://etherscan.io/address/0x54d9ec9e1246f56a1ccbde0b6ffd76eb129ffcaa#code) contract by allowing the withdrawl of all assets from the treasury to [Proposal33](https://etherscan.io/address/0x44413e4cbfed84523fa309ba466dce2bcf9d26b2#code) in order to withdrawl yUSDC and ystETH from their respective yearn vaults. It will also un-wind Yam POL to retrieve the wETH and burn the YAM.
2. Claim sushi rewards from incentivizer and send the SUSHI to Operations Multisig to be swapped for wETH to be sent to the Treasury Redemption contract.
3. Mint and then send YAM to Proposal33 to finalize all outstanding balances owed by Yam DAO before the treasury is redeemed.
# Send UMA, wBTC and DPI to Operations Multisig to swap for redemption contract
Withdraw UMA from UMA Voting Contract. 0x8348c5EC31D486e6E4207fC0B17a906A0806550d
Send UMA, wBTC and DPI to Operations Multisig to swap for ETH for redemption.
withdrawErc20(address,uint256)# Contributors comps for October, treasury redemption only.
# Yam Treasury Redemption
## Includes final contributor compensations
### Treasury Redemption will be available for 30 days after this proposal is executed in 7 days.
Yam is not dead. There are some people like myself, Feddas, willing to make the sacrifices needed to survive crypto winter. In my proposal [YIP-200 on the forum.yam.finance](https://forum.yam.finance/t/yip-200-the-next-phase-of-yam/1747) I detail out a potential option.
https://forum.yam.finance/t/yip-200-the-next-phase-of-yam/1747
# Discontinue Yam/ETH Incentives and mint $310,000 in $YAM for POL
Discontinue Yam/ETH SushiSwap LP Incentivizer and mint $310,000 in $YAM to replace current liquidity with Protocol Owned Liquidity as per YIP-114 https://forum.yam.finance/t/yip-114-yam-treasury-management-strategy-yield-farming-protocol-owned-liquidity/1713