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Memo 0x8599c0a6…545122 on Ethereum

0x7111cbd1…7734sent to0x88a6cee1…8f98·#11,401,915·view on Etherscan
Proposal 12: Yearn Ecosystem Token Index (YETI) Please read the full proposal post for additional information and rationale https://gov.powerpool.finance/t/proposal-12-yearn-ecosystem-token-index-yeti/442 Summary Launch an index in the PowerPool ecosystem consisting of Yearn ecosystem projects: YFI, SUSHI, CREAM, AKRO, COVER, K3PR, CVP, PICKLE. The proposed weights of tokens will be: YFI 35%, SUSHI 17%, other tokens 8% each. The name of the new index is proposed to be “Yearn Ecosystem Token Index", with the ticker “YETI”. The index will serve two purposes. For investors it would create a passive vehicle for broad exposure to the Yearn ecosystem - like an index on the Yearn conglomerate of protocols. For Yearn it would be a way of formalizing its recent mergers, aligning the treasuries and governance systems of the protocols in its ecosystem. The index will allow Defi users to invest into the Yearn ecosystem using a single token, receive cash flows from Vault strategies applied to composite tokens, and vote on proposals in the Yearn ecosystem governance using PowerPool’s meta-governance approach. We propose supporting the index launch with the following CVP liquidity mining program: 250k CVP for 1st month with 10 weeks vesting and YETI/ETH Balancer 80-20 pair with 200k CVP for 1st month with 10 weeks vesting. We will re-define liquidity mining incentives at the end of the first month via an additional follow-up proposal.
unknown sendersent to0x88a6cee1…8f98·#11,401,915·view on Etherscan
Proposal 12: Yearn Ecosystem Token Index (YETI) Please read the full proposal post for additional information and rationale https://gov.powerpool.finance/t/proposal-12-yearn-ecosystem-token-index-yeti/442 Summary Launch an index in the PowerPool ecosystem consisting of Yearn ecosystem projects: YFI, SUSHI, CREAM, AKRO, COVER, K3PR, CVP, PICKLE. The proposed weights of tokens will be: YFI 35%, SUSHI 17%, other tokens 8% each. The name of the new index is proposed to be “Yearn Ecosystem Token Index", with the ticker “YETI”. The index will serve two purposes. For investors it would create a passive vehicle for broad exposure to the Yearn ecosystem - like an index on the Yearn conglomerate of protocols. For Yearn it would be a way of formalizing its recent mergers, aligning the treasuries and governance systems of the protocols in its ecosystem. The index will allow Defi users to invest into the Yearn ecosystem using a single token, receive cash flows from Vault strategies applied to composite tokens, and vote on proposals in the Yearn ecosystem governance using PowerPool’s meta-governance approach. We propose supporting the index launch with the following CVP liquidity mining program: 250k CVP for 1st month with 10 weeks vesting and YETI/ETH Balancer 80-20 pair with 200k CVP for 1st month with 10 weeks vesting. We will re-define liquidity mining incentives at the end of the first month via an additional follow-up proposal.