YFII Vault Proposals

方案内容

2020.8.15 在微信中针对 Vault 池征集了新的提案,提案有 3 种方案,目前第一种方案受到大部分投票用户的欢迎,提案内容如下:

  1. Vault harvest(收获粮食)时,从粮食转化为DAI的步骤滑点较高,币种交易深度最高的交易对有可能发生变化。目前技术组正在把粮食转化为稳定币的交易中转路由合约单独拆出来,后续由治理来决定如何更换,从而降低滑点。

  2. 粮食积累到一定程度就会由bot(机器人)进行收割。然而 Vault harvest 交易费用较高,大概0.1~0.2eth每笔,八个交易对算下来每日费用大概要10~20ETH,目前由开发者自费承担,这种情况不可持续。所以目前开发团队讨论提供一些激励,交给用户来操作。操作者可获得此笔交易利润的1%,增加收割频率,同时降低每笔交易滑点(每次收割数量越少,滑点越低)。由于降低了滑点,实际上会增加Vault的产出,有利于Vault用户收益。

  3. 保险基金是否加入,用于为该策略进行NXM等保险业务投保?

  4. 推荐人机制,钱包集成Vault / 交易所集成Vault / 个人邀请是否获得一定返利,比例如何?
    好处是增加YFII Vault的管理资金(AUM),有利于YFII长期价格。坏处是减少一定的Vault用户利润。

  5. 除了回购,Vault如何反应到YFII价格上?抵押YFII进入pool3目前没有收益,是否增加一部分利润分红的机制?还是将一定比例的利润回购YFII直接销毁?

社区讨论意见

根据核心社区成员讨论,综合提出以下方案,征询大家意见:

YFII Vault利润中的10%用于项目持续发展,具体分配为:

方案一:

  1. 5% 作为开发者基金和日常发展需要(非实时发放,治理决议发放方式)

  2. 1% harvest收割补贴(实时发放给支付gas的用户)

  3. 1% NXM保险(非实时发放,治理决议发放方式)

  4. 3% Pool3 抵押 YFII 的分红收益

方案二:

前三条与方案一相同,最后一条改为

3% 利润回购YFII并销毁

方案三:

前三条与方案一相同,没有最后的3%销毁或分红

社区投票结果

经过社区讨论,目前就第一种方案申请得票最高,但社区对于分红和销毁产生矛盾,于是又进行了一次讨论,并再次发起投票,投票截图如下:

最终确定提案

  1. Vault 池利润的 5% 作为开发者基金和日常发展需要(非实时发放,治理决议发放方式)

  2. Vault 池利润的 1% 作为 harvest 收割补贴(实时发放给支付gas的用户)

  3. Vault 池利润的 1% 作为 NXM 保险(非实时发放,治理决议发放方式)

  4. Vault 池利润的 3% 回购 YFII 进行销毁

  • 该方案只针对 Vault 池的收益,并不会影响 Pool 1 和 Pool 2 的收益。
  • 治理投票时间为 3 天,投票率要达到整个网络的 20%,并且支持率达到 66%。

原始链接:https://shimo.im/docs/jcXyTCcXgXkT8vpW/

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Program content

2020.8.15 New proposals for the Vault pool are solicited in WeChat. There are 3 proposals. Currently, the first proposal is welcomed by most voting users. The proposal content is as follows:

  1. During the Vault harvest (grain harvest), the step of converting grain to DAI has a high slippage, and the trading pair with the highest currency transaction depth may change. At present, the technical team is separating out the transaction routing contract that converts grain into stable currency separately, and then it is up to governance to decide how to replace it, thereby reducing slippage.

  2. When the food is accumulated to a certain extent, it will be harvested by bots (robots). However, the transaction fee of Vault harvest is relatively high, about 0.1~0.2eth per transaction, and the daily cost of eight transaction pairs is about 10~20ETH, which is currently borne by the developer at his own expense. This situation is not sustainable. Therefore, the current development team discusses providing some incentives and handing them over to users to operate. The operator can get 1% of the profit of this transaction, increase the frequency of harvesting, and reduce the slippage of each transaction (the smaller the number of harvests, the lower the slippage). Due to the reduced slippage, it will actually increase the output of Vault, which is beneficial to the income of Vault users.

  3. Is the insurance fund added to insure the strategy for insurance businesses such as NXM?

  4. Referrer mechanism, whether wallet integration Vault / exchange integration Vault / personal invitation get a certain rebate, and what is the ratio?

The advantage is to increase YFII Vault’s management funds (AUM), which is conducive to the long-term price of YFII. The disadvantage is to reduce a certain amount of Vault user profits.

  1. In addition to repurchase, how does Vault reflect the YFII price? Mortgage YFII into pool3 currently has no gains. Will it increase the mechanism of part of the profit distribution? Or will a certain percentage of profits be repurchased and directly destroyed by YFII?

Community discussion opinions

Based on the discussion of core community members, the following plans were comprehensively put forward for everyone’s opinions:

10% of YFII Vault’s profit is used for the continuous development of the project, and the specific distribution is as follows:

  1. 5% as a developer fund and daily development needs (non-real-time distribution, governance resolution distribution method)

  2. 1% harvest subsidy (distributed to users who pay for gas in real time)

  3. 1% NXM insurance (non-real-time issuance, governance resolution issuance method)

  4. 3% Pool3 mortgages YFII’s dividend income

Option II:

The first three items are the same as Option 1, and the last item is changed to

3% profit repurchase YFII and burn it

third solution:

The first three items are the same as Option 1, without the final 3% destruction or dividend

Community discussion opinions

After discussion in the community, the application for the first scheme currently has the highest number of votes, but the community has conflicts about dividends and destruction, so they discussed again and launched a vote again. The screenshot of the vote is as follows:

Finalize the proposal

  1. 5% of the profit of the Vault pool is used as developer funds and daily development needs (non-real-time distribution, governance resolution distribution method)

  2. 1% of the profit of the Vault pool is used as a harvest subsidy (distributed to users who pay for gas in real time)

  3. 1% of the profit of the Vault pool is used as NXM insurance (non-real-time distribution, governance decision distribution method)

  4. 3% of Vault pool profits will be repurchased by YFII for destruction

  • This scheme is only for the revenue of the Vault pool, and will not affect the revenue of Pool 1 and Pool 2.
  • The governance voting time is 3 days, the voting rate must reach 20% of the entire network, and the support rate must reach 66%.
3 Likes

Nice summary, i am for it

1 Like

Choose Option 2, buy Yfii and burn out to build a consensus: the price will go up.
Kill those arbitrage robots.
I think that is a good idea, I’m for it.

1 Like

Option 2 is better, making the price more attractive to buyers

i am for anything that gets this con near YFI lol

在幽灵的《暗池》的故事梗概中,他提出了将股息分配给YFII持有人的可能方案。而是可以将其用作开发费用的来源吗?这将使标准池的费用免费(因此可能会吸引更多的资本),并将费用负担作为使用费用的溢价转移给黑池。

In ghost’s Dark Pool synopsis, he suggests possible scenario where dividends go to YFII holders. Rather, could this be used as the source of Dev fees instead? This would leave the standard pools fee free, (therefore presumably attracting more capital), and transfer the fee burden to the Dark Pool as a premium for its use.

im for it. will like to see YFII near YFI

why don’t we have ETH on the Vault list?

List GAME Credits.
Im an exec there.
Much interest.

Choose Option 2, buy Yfii and burn out to build a consensus: the price will go up.
Kill those arbitrage robots.
I think that is a good idea, I’m for it.