TechFlow news: According to Yearn Finance's governance page, Wintermute has submitted a new proposal titled "YFI Wintermute Loan and CRV Program."
The proposal suggests that the community approve a YFI loan to Wintermute Trading, authorizing the transfer of 350 YFI (approximately $2.18 million) from the Yearn DAO treasury to Wintermute Trading. The loan term would be 12 months with an interest rate of 0.1%, payable in kind at maturity. The borrowed YFI will be used exclusively for trading purposes and will not be used for liquidity mining, lending, voting, or similar activities.
In addition, Wintermute plans to continue participating by using up to 3 million CRV (approximately $1.73 million) to purchase yCRV and adding the assets to Yearn’s yCRV-CRV Curve pool (lp-yCRVV2) for at least six months. They are also considering replacing lp-yCRV with vl-yCRV and actively engaging in the Curve Wars.
Wintermute believes this initiative will help rebalance the current yCRV/CRV pool ratio (currently 69%/31%), improve the peg stability of yCRV, and enhance the liquidity of the pool. The proposal will proceed to a snapshot vote after a 7-day period of community discussion and feedback.
