Вђletвђ™s Not Be Bitcoinвђ™: Yearn Finance Considers... -
: 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.
: Proponents argued that Yearn’s inability to reward builders with its own token made it uncompetitive against newer DeFi protocols that set aside large portions of supply for "insider" incentives. Strategic Impact of the Decision : 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 : YFI began with a hard cap, no