YIP-12: Eliminate the 1 Million YAM Community Fund From YIP-2
IMPORTANT NOTE: YIP-8 was not compliant due to an incorrectly chosen block #. YIP-12 is a compliant version of YIP-8.
Summary: This proposal would eliminate the 1 million YAM Community fund from YIP-2 bringing the YAM supply back to the original 5 million YAMs.
Motivations: -The 1 million YAM community fund immediately increases YAM supply by 20% from the original YAM v1 supply of 5 million. This sudden increase in supply is bearish for YAM prices and unnecessary. -Pre-minting a large slush fund with no immediate need sets a bad precedence for YAM. -YAM supply should only be increased on an “as needed” basis and should always be done through community discussion of the need and approval through the proposal process.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x0525...2f43f4 | 77,404 | For |
 0x731D...aC1722 | 61,816 | For |
 0xa0f7...1e9b73 | 58,343 | For |
 0xCa84...b43000 | 51,470 | For |
 0x6485...06c1A4 | 43,086 | Against |
VOTE POWER
Proposal Status
- Tue August 25 2020, 06:00 pmVoting Period Starts
- Fri August 28 2020, 06:00 pmEnd Voting Period
Current Results
1-For
587,267.961
2-Against
50,851.31