/biz/ - Business & Finance

>10K SUPPLY
>20K FOR FARMING REWARDS
>DEFLATIONARY
>HALF OF YIELD EARNINGS BUY BACK TOKEN AND BURNS IT

fucking what are you waiting? we are now voting on multisig holders from community and two youtubers audited code live.

>yfbeta.finance

>yfbeta.finance

see admin post:
β&, [04.09.20 15:22]

I’ve now uploaded the first vault contracts (for USDC, DAI and USDT) and the respective farming contracts for those vaults. I’ll wait for community feedback on these contracts whilst testing, before we deploy them to the mainnet and make them live for staking.

Decided to not currently implement an ETH vault given the current market conditions; we will re-evaluate this in the coming days but for now stablecoin based vaults seem like the most favourable option.

My proposal in relation to yfBETA distribution on these vault contracts is that:

1. Each staking contract will house 3,000 yfBETA to be distributed over the course of two years.

2. The remaining 11,000 yfBETA will be held in a governance contract. Once farming is live on the first three vaults, we’ll roll out governance, including a governance forum, and will begin voting on what the next vaults should be and how much yfBETA should be assigned to them.

3. Any yfBETA not deployed in vaults by the time governance kicks in will be held in a multi-sig from governance address in order to ensure that these are safe - we will be working with the community to identify reputable candidates for the multisig.

4. In the meantime, we are open to suggestions from the community as to which vaults should be used for the remaining 11,000 yfBETA, which we will take into account as we continue to build out the platform.