Вђletвђ™s Not Be Bitcoinвђ™: Yearn Finance Considers... <720p 2024>
: The move was controversial. Some early investors left the project, viewing the inflation as a breach of the "social contract" of immutability. Current State of YFI (as of April 2026) Yearn Finance Considers Minting $200M in New YFI Tokens
The phrase refers to a pivotal 2021 governance shift within Yearn Finance (YFI), where the community moved to abandon a strict "fixed supply" model in favor of inflation to fund future growth. : The move was controversial
: Following the vote, roughly 33% of the new tokens were allocated to contributors, while 66% went to the treasury for protocol acquisitions and development. : Following the vote, roughly 33% of the
: 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. Initially celebrated for its "fair launch" and capped
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
: This marked Yearn's transition from a community experiment to a more professionalized DAO. More recently, in September 2025 , the protocol proposed further overhauls to direct 90% of revenue to stakers , moving even further away from pure scarcity toward a value-accrual model.
: A proposal suggested minting 6,666 new YFI tokens (worth roughly $200 million at the time) to replenish the treasury and incentivize core contributors.
