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The initial rebase has occurred adding approximately $500k worth of yCRV to the YAM treasury.
If governance is unable to submit a bug-fix proposal prior to the second rebase, no further governance actions will be possible.
If governance is unable to submit a bug-fix proposal prior to the second rebase, no further governance actions will be possible.
There will be so much YAM printed that quorum will be impossible.
If this happens, the YAM treasury will become ungovernable and these funds will be lost
This will happen on the next rebase at 8AM UTC, unless a proposal is submitted prior.
If this happens, the YAM treasury will become ungovernable and these funds will be lost This will happen on the next rebase at 8AM UTC, unless a proposal is submitted prior.
If a proposal is successful submitted prior to rebase, and the community has harvested their YAMs into their wallet, we will be able to modify the protocol to fix the issue.
Below is a timeline of actions needed to maximize the chance of success.
Below is a timeline of actions needed to maximize the chance of success.
1. HARVEST YOUR YAMS prior to 6AM UTC
2. Delegate according to the below tweet.
3. Do NOT transfer or redeposit any YAM unntil the voting period for the bug fix proposal ends (8AM UTC on Sunday, 8/16) https://twitter.com/YamFinance/status/1293610115246039042?s=20
2. Delegate according to the below tweet.
3. Do NOT transfer or redeposit any YAM unntil the voting period for the bug fix proposal ends (8AM UTC on Sunday, 8/16) https://twitter.com/YamFinance/status/1293610115246039042?s=20
