WOOFY-FTM farm replace YFI-FTM farm
Should we phase out the YFI-FTM farm in favor of a WOOFY-FTM farm?
From the yearn.finance docs: “The WOOFY token is the blue dog companion token of YFI. Utilizing special Woof technology, it allows two-way conversion between the two tokens, allowing holders to be exposed to YFI in a fluffier package. At its core, WOOFY solves two problems: YFI not being dog themed, and the price of a single YFI being too high in USD terms.”
It would be done such that the total weight of YFI and WOOFY at any point in time would not exceed the current weight of YFI and the end result would be such that the WOOFY farm would completely replace the YFI farm. To clarify further, the rewards of all other farms will not be impacted at any point in time by this transition.
WOOFY is always pegged to YFI at a ratio of 1 YFI : 1 Million WOOFY this conversion can always be done on https://woofy.finance/ on the Ethereum network and works in both directions.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x1bcE...2Cca1B | 48,451 | Yes (Bring on the woof) |
 0xa311...DcB2Ee | 36,437 | No (No dogs allowed) |
 0x3Fd1...7208d6 | 33,537 | Yes (Bring on the woof) |
 0x3bA9...DA8696 | 19,918 | Yes (Bring on the woof) |
 0x1eBe...0534ea | 17,933 | Yes (Bring on the woof) |
VOTE POWER
Proposal Status
- Thu May 13 2021, 03:00 pmVoting Period Starts
- Sun May 16 2021, 06:00 pmEnd Voting Period
Current Results
1-Yes (Bring on the woof)
553,367.149
2-No (No dogs allowed)
107,979.291