Yearn Finance DAO
by Yearn Community
Ethereum
Fantom
Polygon PoS
Arbitrum One
Quick Fact
Yearn Finance operates as a multi-DAO structure, enabling specialized teams to manage different aspects of the protocol, promoting decentralized and efficient governance.
Yearn Finance DAO is the decentralized governance body overseeing Yearn Finance, a leading DeFi yield aggregator. It empowers YFI token holders to propose, discuss, and vote on changes affecting the protocol's development, treasury management, and broader ecosystem initiatives.
Governance Structure and Processes
Yearn's governance is structured to ensure community participation and protocol security:
Multi-DAO Framework: Yearn operates under a multi-DAO structure, where specialized sub-DAOs, known as yTeams, manage distinct functions such as development, operations, and strategy.
Voting Mechanism: YFI token holders can submit and vote on proposals. Proposals that receive majority support (>50% of the vote) are implemented by a 9-member multi-signature wallet, requiring 6 out of 9 signers for execution.
Delegated Authority: The multi-DAO approach allows for constrained delegation, enabling efficient decision-making while maintaining decentralization.
Treasury and Financial Management
Yearn Finance DAO manages its treasury to support protocol sustainability and growth:
Asset Allocation: The treasury holds a diversified portfolio, including stablecoins and other assets, to mitigate risks associated with market volatility.
Budgeting and Expenditures: Funds are allocated to support development, audits, community grants, and other operational needs, ensuring the protocol's continuous improvement.
Transparency: All treasury activities are conducted transparently, with regular reporting and community oversight to maintain accountability.