{"id":112435,"date":"2020-11-15T19:20:59","date_gmt":"2020-11-15T16:20:59","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/yearn-finance-formalizes-operations-budget-as-yfi-rallies\/"},"modified":"2020-11-15T19:20:59","modified_gmt":"2020-11-15T16:20:59","slug":"yearn-finance-formalizes-operations-budget-as-yfi-rallies","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/yearn-finance-formalizes-operations-budget-as-yfi-rallies\/","title":{"rendered":"# Yearn Finance formalizes operations budget as YFI rallies"},"content":{"rendered":"

“# Yearn Finance formalizes operations budget as YFI rallies <\/strong>”
\n<\/p>\n

After a three-day voting period, this morning members of Yearn Finance\u2019s decentralized governance app<\/a>roved Yearn Improvement Proposal 54 (YIP-54), formalizing an ongoing budget for operational expenses.\u00a0<\/p>\n

YIP-54 aims to improve on previous proposals, including YIP-36 and YIP-41, which allowed for expenditures relating to hackathons, grants, security audits, bug bounties, and operations employee salaries. Under YIP-54, community members will be able to audit expenses quarterly.\u00a0\u00a0<\/p>\n

YIP-54 also included a provision allowing the newly-formed Operations Fund to \u201cbuy back YFI or other assets at its discretion.\u201d Many Twitter<\/a> users rejoiced at the news<\/a>, interpreting it as a boon for the YFI token: <\/p>\n

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.@iearnfinance<\/a> proposal to buyback $YFI<\/a> has 99% approval!<\/p>\n

In the past 4 months, Yearn vaults earned ~$3.4M in fees. <\/p>\n

Part of this may now be used to conduct actual buybacks (not just burning supply) to reward contributors https:\/\/t.co\/DbyLTRJADC<\/a><\/p>\n

\u2014 Jason Choi (@mrjasonchoi) November 15, 2020<\/a><\/p><\/blockquote>\n