Fixed supply of shares is a really dumb concept for pseudo-equity. Projects need to be able to mint more shares if they want to invest in growth, as well as buy back shares if they think they are underpriced.
https://twitter.com/pythianism/status/1349797643262722048
That said, it's not necessarily the right thing to do for Yearn. As I've said many times before, my biggest problem with the project (and reason I sold) is that I don't see enough urgency to build vaults and strategies that users actually want.
Diluting existing equity holders would likely exacerbate the problem as it makes generating cashflows even less urgent.
Instead, Yearn should stop all side battles and finally get to a stage where anyone can create new strategies in a permissionless way, and get paid a share of the profits in return. Strategists then whitelist good strategies and switch between them.
That way, Yearn can finally realize the long-term vision of becoming a two-sided marketplace for capital and investment strategies.
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