YFI Rises as Contributors Approve Yearn Finance Budget Proposal
Yearn Finance (YFI) announced on November 16 that its proposal to formalize operations funding had been approved by 99.85% of those voting.
The proposal [YIP-54] maintains its previous six-month budget on an on-going basis. Quarterly reports were also established.
Most importantly, though, YIP-54 permits the fund to conduct buy-backs of its YFI governance token. In its justification for the move, the proposal’s authors explain that the motivation for the buy-back is to grant YFI as rewards to contributors.
Learn more about the news here. (https://beincrypto.com/yfi-rises-as-contributors-approve-yearn-finance-budget-proposal/)