Thread by @iamDCinvestor

1/ I've written comments in the @iearnfinance / $YFI forums in recent days on investing in the protocol's future growth.

First & foremost, I think devs should be compensated for their work & any actions taken should be focused on optimizing for long-term growth of the protocol.

2/ I'm open to a range of possibilities on how to achieve this, but we need to get it right this time.

Is a one-time mint the answer? Or over 5 years? Are the rewards vesting? What do we do after 5 years with new devs? What happens with income if we mint?

All open questions.

3/ But as someone with a material amount of YFI, I do get tired of being treated like some sort of asshole bagholder.

I just don't believe in taking reckless impulsive action without proper analysis when it comes to creating long-term incentives & necessary checks & balances.

4/ I've spent my career advising public sector orgs on how to operate effectively and allocate funds to achieve strategic goals.

You don't get there by a series of random proposals, with the last one with the loudest support "winning."

5/ I have a great deal of trust and admiration for the current development team, but how do we create a business model and incentives which allow Yearn to operate for the long-term?

This is the question we should ask, in addition to compensating current contributors.

6/ We can't design mechanisms like this around current participants- we must think long term.

We need guiding principles & processes for addressing these issues and managing these funds.

Otherwise, the proposed "solutions" won't solve any problems. They'll just create new ones.