Thread by @Rewkang

The YFI minting decision can be distilled down to the following:

Will the value created by minting outweigh the cost of minting (i.e. dilution) for token holders

The answer is clearly yes

Productivity of development is key to protocol growth. A 3x increase in development productivity and output will translate to token price which obviously all of us care about

Love the 30k meme, but retaining + growing contributor/dev talent is more important

YFI is meant to be a productive cash flow producing asset, not digital gold

Alternative suggestions of diverting future cash flows to contributors fall short vs. minting as well.

YFI is valued at significant multiples over just its cash flows b.c. of things like governance rights, memetic premium, and social status (e.g. owning >1 YFI)

My largest minting concern would be fragmentation of the community but I think most people will get over it

Pragmatism > Dogmatism

So let's mint some coin, get the all star devs the all star compensation packages they deserve and attract even more all stars

And then moon it

Just so we retain some meme power the amount of mint I recommend is 3,333 bringing the total supply to 33,333

This amount should be more than enough to cover current comp packages + reserves for future contributors