One of their needs is a YFI-based vault-type similar to ETH-C with a higher Liquidation Ratio to get a lower Stability Fee. Yearn is currently using YFI-A to run their treasury and would like to mint a lot of more DAI but are blocked by the
line of YFI-A.
This poll is to find out if the community supports the idea of creating a new vault-type for YFI
- with a higher Liquidation Ratio (200%, 225%, depending on a decision by @Risk-Core-Unit)
- a lower Stability Fee (again, decided by @Risk-Core-Unit)
- a much higher
gapthan YFI-A (at least 300MM, also based on an assessment by @Risk-Core-Unit)
- more DAI in circulation
- further building up the cooperation between both protocols
- as the treasury would move away from YFI-A we would lose some fees (that might get compensated by a higher DAI volume)
This Poll will run until 2021-06-02T22:00:00Z and depending on the result will move on-chain assuming the outcome of the poll deems it necessary. If the domain teams feel this should run shorter so it can be implemented earlier, I will update here accordingly.