Overview- Calculating Totals, Avoiding Double-Counting Total Earn Holdings Sum up all individual iEarn contracts in USD, which can be found here. These are yWBTC, ySUSD, yTUSD, yBUSD, and two versions each of yUSDC, yUSDT, and yDAI. Using individual contracts is more accurate than using Curve pools because users can directly deposit into contracts.

Action Points General API To Do: Add Curve Compound Pool yVault to API To Do: Add v2 yVaults to API yvWETH 0x18c447b7Ad755379B8800F1Ef5165E8542946Afd

Summary Create a new YFI Governance Vault that deposits YFI into MakerDAO to mint DAI, and this DAI is used to yield farm. Depositors in this Vault receive governance fees and a portion of the yield-farming profits, with the other portion going to support protocol initivatives such as yAcademy and bug bounties. This Governance Vault replaces current governance staking. Background Merging the YFI Vault with Governance The idea of a YFI yVault that utilizes MakerDAO and receives governance fees has previously been discussed extensively here. This proposal first bridged the idea of depositing YFI into a Maker vault, farming with the DAI, allowing this YFI to vote, and also asked whether all governance staking should instead move to this option. On Maker's side, we have already seen our YFI CDP debt limit extended once to $20 million, with over $15 million in DAI already drawn. A proposal from @banteg on Maker's forums to whitelist Yearn on the YFIUSD oracle is moving forward and should be included in Maker's Executive Vote on December 11th. Interestingly, on the forum post discussing increasing the YFI debt ceiling beyond $20 million, there is significant discussion (and support) for the idea of whitelisting Yearn with their own YFI Maker vault. Because Yearn is able to maintain our Maker vaults using keeper bots and OSM access, there is good reason for Maker to offer higher YFI debt limits or lower interest rates exclusive to Yearn. Bug Bounties