The new proposal from Yearn Finance intends to allocate 90% of the protocol's revenue to YFI Token stakers.

On September 29, according to DLNews, the anonymous contributor 0xPickles recently submitted a comprehensive reform proposal aimed at reshaping the development trajectory of the DeFi protocol Yearn Finance. The proposal's three plans attempt to revive the project through income distribution reform, enhanced contributor accountability, and token value sharing. The core transformation of the proposal is that 90% of the protocol's income will be directly distributed to holders of locked YFI tokens. Under the new mechanism, users can participate in income distribution by staking YFI to obtain stYFI certificates. Specifically, it includes: · Staking model replacing voting custody: eliminating complex mechanisms and adopting direct staking for income distribution · DAO governance restructuring: establishing a profit-centered decision-making mechanism, requiring contributors' budget applications to be accompanied by on-chain financial reports · Institutionalizing contributor incentive systems: distributing 1,700 YFI (approximately $500,000) for strategic incentives, establishing capped performance bonuses and a long-term contributor retention pool.