There have been some further developments on how to monetize the wrapped yearn vaults and low yield native jars. Unfortunately there won’t be any change in the fee sharing model from yearn so I want to open up this discussion again.
My last thread on this topic: [RFC] Introduce deposit and/or withdrawal fees for Yearn affiliate jars
As we don’t want to single out the yearn vaults we should in my opinion also include low yield native jars, I propose that for now we also include: p3CRV and stEthCrv, as both these farms are being overcompensated for the performance fees they generate for pickle.
It’s not immediately obvious which jars should fall into this category as for example pSADDLED4 is also a stablecoin farm but has an excellent (for the protocol) profit/pickle emissions ratio.
As BTC strats tend to have a low apy, were we to release a BTC jar in the future (with PICKLE emissions) this should in my opinion also be included in this proposal to include withdrawal fees.
I want to amend my proposal I did on my thread I linked above, we should treat these proposed jars and yearn vaults, in my opinion, equal.
0.5% withdrawal fee for p3CRV, stEthCrv, and the wrapped yearn vaults (pYearnUSDCv2, pYearnLusdCRV, and pYearnFraxCRV).
Leave the rest of the jars as is.
We should strive for a sustainable fee model for all of the jars we have. Some of the jars work excellent with the 20% performance fee we have right now, but introducing new fee structures allows us to have a wide range of jars, while they aren’t detrimental to pickle.
- Proceed to Proposal
- Do Nothing