Following the successful roll out of veYFI as part of #132), we propose this funding request to transition veYFI to on-chain governance. It also aims to make several further improvements to processes and user experiences, ultimately culminating in a transition to a maintenance-focused ongoing state.
Currently, veYFI is operational, progressing through epoch 3, with 3 more epochs left for the veYFI team to actively fine tune parameters in order to optimize the program.
Activities like gauge voting are ongoing, while other functions, such as accepting governance proposals and adding new gauges, are pending.
The veYFI website is live but disconnected from the v2 vaults. Its integration with the forthcoming v3 vaults remains undefined.
This request aims to achieve substantial progress in these areas and establish a timeline for veYFI’s transition to a “development complete” maintenance mode.
Deliverables
Transition to on-chain governance
[x] Finalize design and specification
[x] Write smart contracts
[x] Audit (slot secured for Feb 5)
[ ] Deploy (if there's time on the request)
Launch YFI buybacks with ETH
[ ] Deploy YFI/ETH buyback contracts (based on existing YFI/DAI)
[ ] Automatically route dYFI redemptions to buybacks
[ ] Launch UI (subject to web team being available)
Define veYFI's role in v3
[ ] Collaborate with the v3 team to understand how v3 vaults and veYFI interplay
Complete transition to veYFI-driven governance
[x] Make final tweaks to parameters before epoch 6 ends
[ ] Finalize veYFI operational processes
[ ] Establish dedicated veYFI governance area (github/discourse)
Enhance user experience
[ ] Improve veYFI website
[ ] Create Dune dashboard
[ ] Explore integration with v2/v3 UX
Set timeline for maintenance mode
[ ] Date target to be included in next budget request
Deadline
3 months starting with the approval of this request.
People
jiji
korin
schlag
Funding
The funding will cover grants for contributors working on the deliverables. Audit costs are separate. The current focus is on active development, shifting eventually to maintenance, entailing minimal improvements or new features.
Amount
Active Development: 20k DAI monthly (60k DAI total).
Maintenance Phase: 10k DAI monthly (30k DAI total, future plan).
Following the successful roll out of veYFI as part of #132), we propose this funding request to transition veYFI to on-chain governance. It also aims to make several further improvements to processes and user experiences, ultimately culminating in a transition to a maintenance-focused ongoing state.
Previous request evaluation: here
Objective
Currently, veYFI is operational, progressing through epoch 3, with 3 more epochs left for the veYFI team to actively fine tune parameters in order to optimize the program.
Activities like gauge voting are ongoing, while other functions, such as accepting governance proposals and adding new gauges, are pending.
veYFI voters have instructed contributors to shift to full on-chain governance by the end of epoch 12.
The veYFI website is live but disconnected from the v2 vaults. Its integration with the forthcoming v3 vaults remains undefined.
This request aims to achieve substantial progress in these areas and establish a timeline for veYFI’s transition to a “development complete” maintenance mode.
Deliverables
Deadline
3 months starting with the approval of this request.
People
Funding
The funding will cover grants for contributors working on the deliverables. Audit costs are separate. The current focus is on active development, shifting eventually to maintenance, entailing minimal improvements or new features.
Amount
Wallet Address
2/3 Gnosis Safe, address shared separately
Reporting
Once, at the end of the request period
Contribute
https://t.me/+c156mmo62BgyNDhk