Yearn Finance's new proposal aims to allocate 90% of the protocol's revenue to YFI token stakers

According to ChainCatcher news, as reported by DLNews, an anonymous contributor 0xPickles recently submitted a comprehensive reform proposal aimed at reshaping the development trajectory of the DeFi protocol Yearn Finance.

The proposal's three plans attempt to revitalize the project through revenue distribution reform, enhanced contributor accountability, and shared token value. The core transformation of the proposal is that 90% of the protocol's revenue will be directly distributed to holders of locked YFI tokens. Under the new mechanism, users can participate in revenue distribution by staking YFI to obtain stYFI certificates. Specifically, it includes:

• Staking model replaces voting escrow: Eliminating complex mechanisms and adopting direct staking for revenue distribution
• DAO governance reconstruction: Establishing a profit-centered decision-making mechanism, requiring contributor budget applications to include on-chain financial reports
• Institutionalized contributor incentives: Allocating 1,700 YFI (approximately $500,000) for strategic incentives, establishing capped performance bonuses and a long-term contributor retention pool.