Bitcoinвђ™: Yearn Finance Considers... — Вђletвђ™s Not Be
: YFI began with a hard cap, no pre-mine, and no founder allocation. This scarcity drove the token price to all-time highs above $90,000 in 2021.
: Following the vote, roughly 33% of the new tokens were allocated to contributors, while 66% went to the treasury for protocol acquisitions and development. : YFI began with a hard cap, no
Initially celebrated for its "fair launch" and capped supply of 30,000 tokens, Yearn's leadership argued that the Bitcoin-like scarcity model was "romantic" but impractical for a high-growth DeFi startup that needed to retain developers and acquire other protocols. The Core Conflict: Scarcity vs. Growth Initially celebrated for its "fair launch" and capped
: This marked Yearn's transition from a community experiment to a more professionalized DAO. More recently, in September 2025 , the protocol proposed further overhauls to direct 90% of revenue to stakers , moving even further away from pure scarcity toward a value-accrual model. More recently, in September 2025 , the protocol