Early voters want to drop the next set of rewards for farmers by 5x, this will probably massively fuck the TVL and really harm the protocol's long term prospects. Go spend the $30 to vote, you'll lose much more if your APY drops by 5x.
Go check the next epoch's rewards
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Can I vote while my YFV is in balancer? Where vote?
Okay found it but it says I am unvoteable. I suppose I can harvest YFV to vote, is that true?
You have to have YFV staked to vote
and you only can stake with at least 90 yfv
Why do we keep dumping
Oh I thought it was 96. How long is the vote open? By tomorrow I can harvest enough without having to pull anything out of balancer
I voted to adjust the LINK pool. Fuck the rest.
that's largely because of the market dumping as a whole dumping, also the tokens that were staked can be unstaked in 7 hours, along with the APY for this protocol dropping like a rock as people leave for higher yields might really fuck us in the short term.
The voting goes through tomorrow, the beginning of the next epoch is when you can no longer vote.
>How long is the vote open?
i didn't find this info. I have another question - why would anyone want to reduce the rewards? How does it benefit the holders?
Worth holding or should I get out?
I get that thinking, I'm farming the link pool too, but there's clearly becoming a farmers versus hodlers dynamic here and I want the tokens on the market ASAP so we get to 0% inflation (YFI did 40x and YFLINK has done a 10x since hitting 0% inflation)
The guys who got in early are trying to drive scarcity. Greedy Jews. I voted to keep it as is
There'll be pretty big FOMO at some point, the dev team seems solid and have interesting plans to differentiate themselves from yearn, but a lot of whales doing governance just want to fuck over farmers even if it fucks the token's value and some future prospects as well.
>apy stays high
I tend to my humble BAT farm
>apy goes down
I tend to my humble BAT farm and maybe my YFV goes up
Sorry I don't have the vote power this time anons
why would wales want to fuck the value of the token?
Isn’t the next epoch 1 day 17 hours 50 minutes tho? That’s beyond just tomorrow. So it says According to my farming page
Whales don't fuck over the value of the token, they fuck over the apr with the hope it means less farming which means less tokens added to supply so upward pressure on token price
they already have huge stacks and want to decrease inflation as much as possible so in the long term the price goes up, they dont care what happens to the short term price or the farmers
bat is getting absolutely fucked
they want to fuck farmers, and I don't really think they understand what they're doing by dragging out inflation for 20 weeks.
that's the correct time for the next epoch, you can vote up till then.
>interesting plans to differentiate themselves from yearn
Can I read more about this somewhere
>and I don't really think they understand what they're doing by dragging out inflation for 20 weeks.
What does this imply? Im a holder and if the token price goes up faster that would be good news for me but could you explain how it could be detrimental?
medium.com
so the other YF forks and YFI pumped very hard once they reached 0% inflation (no more farming rewards), by lowering farming rewards, it'll be longer until all the tokens have been farmed, so it'll take us longer to get to 0% inflation.
Oh fuck i see. Damn these voters are retards. How much longer would it take to reach no inflation if their vote passes and if doesnt pass
>Bat is getting absolutely fucked
Yes but you see, that is the entire experience of being a BAT holder.
I’ve read those I don’t remember any plan to differentiate
Vusd and Veth
I have no idea the pool structure but I would prefer they honestly just burn some of the pools and eliminate them and pare down to 3-4 pools with higher APRs.
Why the fuck would voters want lower rewards for farming? Is it because they want higher staking rewards like kikes?
>tfw farming with 3k worth of BAT
what do bros
exactly in the same situation..
I just want to know, since I put all my BAT into BPT, can I pull out to get the BAT back, or can I convert the BPT to another crypto if I wanna pull out
i can smell a bump coming...
Someone spoonfeed me. Only starting farming in the Link Balancer Pool an hour ago. Says 'This account is not voteable'. When can I vote? Do I need to stake some of the earned YFV to vote?