Binance’s Long-Listed Altcoin Announces New Update: Will It Make a Comeback?

Decentralized finance (DeFi) protocol Yearn Finance (YFI) is in the news with a new proposal that aims to radically change the revenue distribution ￰0￱ reform package submitted by an anonymous contributor with the nickname “0xPickles,” aims to reshape the protocol’s development ￰1￱ most notable aspect of the proposal is that 90% of Yearn Finance's revenue will be distributed directly to locked YFI token ￰2￱ will then stake YFI to earn stYFI certificates and participate in revenue ￰3￱ News: Government Shutdown Crisis Looms in the US - Here's What You Need to Know and the Latest Updates Other notable regulations of the plan include the following: Staking Model: Removing the existing complex proxy mechanism and distributing income directly through ￰4￱ DAO Governance: Establishing a profit-driven decision-making mechanism and requiring contributors to include on-chain financial reporting in their budget ￰5￱ of Participant Incentives: Allocating approximately 1,700 YFI ($500,000) of strategic incentive funds

creating a special pool for long-term contributors with capped performance bonuses. *This is not investment ￰6￱ Reading: Binance’s Long-Listed Altcoin Announces New Update: Will It Make a Comeback?