Yearn posted on the X platform that the dYFI/ETH Curve pool has been launched. Users can stake Curve LP tokens in yVault, then go to the veYFI page and stake yVault tokens in Gauge to earn today’s rewards.
The dYFI/ETH gauge received the majority of votes in the previous round and will receive 39.23% of the rewards.
Earlier today, it was reported that Yearn modified the token economics and added a Vote Escrow mechanism. Stakeholders can lock their stakes for up to 4 years to convert them into non-transferable veYFI tokens to earn YFI rewards, which are issued in the form of dYFI and can be used to redeem YFI tokens at a discount.