: A proposal suggested minting 6,666 new YFI tokens (worth roughly $200 million at the time) to replenish the treasury and incentivize core contributors.
The phrase refers to a pivotal 2021 governance shift within Yearn Finance (YFI), where the community moved to abandon a strict "fixed supply" model in favor of inflation to fund future growth.
: Following the vote, roughly 33% of the new tokens were allocated to contributors, while 66% went to the treasury for protocol acquisitions and development.
: YFI began with a hard cap, no pre-mine, and no founder allocation. This scarcity drove the token price to all-time highs above $90,000 in 2021.
: A proposal suggested minting 6,666 new YFI tokens (worth roughly $200 million at the time) to replenish the treasury and incentivize core contributors.
The phrase refers to a pivotal 2021 governance shift within Yearn Finance (YFI), where the community moved to abandon a strict "fixed supply" model in favor of inflation to fund future growth. : A proposal suggested minting 6,666 new YFI
: Following the vote, roughly 33% of the new tokens were allocated to contributors, while 66% went to the treasury for protocol acquisitions and development. : A proposal suggested minting 6
: YFI began with a hard cap, no pre-mine, and no founder allocation. This scarcity drove the token price to all-time highs above $90,000 in 2021. 000 in 2021.