Wintermute has modified the loan proposal, extending the CRV staking period to 12 months

2023-08-26 10:53:25

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ChainCatcher news, Wintermute has modified the proposal previously submitted to the Yearn Finance community, planning to store CRV tokens in a 3/4 or 4/6 multi-signature wallet, which requires the approval of at least one Yearn team member to execute transactions. At the same time, Wintermute proposed to extend the staking period of CRV in Yearn to 12 months, aligning with the loan term of YFI tokens, while suggesting that YFI can be returned and CRV collateral reclaimed after 6 months.

Previous news, Wintermute intends to apply for a YFI loan from the Yearn Finance community and requests to transfer 350 YFI (2.18 million USD) from the DAO treasury to Wintermute Trading for a period of 12 months, with an interest rate of 0.1%, to be repaid in kind at the end of the loan term.

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Wintermute Yearn

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Yearn Finance Decentralized Asset Management Platform