Вђletвђ™s Not Be Bitcoinвђ™: Yearn Finance Considers... -
: Proponents argued that Yearn’s inability to reward builders with its own token made it uncompetitive against newer DeFi protocols that set aside large portions of supply for "insider" incentives. Strategic Impact of the Decision
Initially celebrated for its "fair launch" and capped supply of 30,000 tokens, Yearn's leadership argued that the Bitcoin-like scarcity model was "romantic" but impractical for a high-growth DeFi startup that needed to retain developers and acquire other protocols. The Core Conflict: Scarcity vs. Growth : Proponents argued that Yearn’s inability to reward
: A proposal suggested minting 6,666 new YFI tokens (worth roughly $200 million at the time) to replenish the treasury and incentivize core contributors. Growth : A proposal suggested minting 6,666 new
: 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.