Yam Finance Token Holders Are Debating Whether to Dissolve Treasury

Token holders of DeFi project Yam Finance are debating whether to dissolve the project’s treasury and distribute the funds among token holders in an attempt to salvage what’s left of the project. "After years of Yam contributors making various efforts in different and sometimes conflicting directions, we believe that Yam has reached a critical juncture where it can either continue on its downward trajectory (about 97.69% value destruction from ATH) or allow token holders to redeem the assets that they rightfully own," wrote a community member called 1tx in the proposal. Core contributors are taking more than $30,000 out of the treasury each month to fund development work, 1tx wrote, yet there was not much to show for this. The proposal would largely shut the project down, stop funding further development and split treasury assets among token holders — with anything unclaimed going to charity.