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# System prepended metadata

title: YFI Governance

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# YFI Governance 
*Call Notes • 29 Oct 2020*

## Notes

- Daniel's Proposal: [Governance in Yearn](https://hackmd.io/@lehnberg/SyJ5yWD_P)
    - presentation, discussion, and debate 
- Scopes to define
    - What does YFI actually govern?
    - Specific powers of each kind of actor or group
- Strategies
    - how are they approved
    - value proposition for strategists
    - changing this is up to YFI holders
- Gov can't manage everything
    - how to best assign people to specific tasks
- Questions
    - what does it mean when something has been added tot he yearn protocol?
    - what are the membranes to spec out?
    - who can make what decisions and how?
- Decisions & Governance Now
    - many made in private groups which is fine and the normal way people work, but needs better process transparency
    - YIPs etc
        - snapshot currently doesn't have ability to execute approved proposals, but what do we actually need that for? do we want to be like Compound?
        - auto-execution requires much more formal proposals
        - there are some types of decisions that would benefit from this kind of high-overhead governance, others that wouldn't
        - How to limit some kinds of decisions, eg delegation
    - Is our current system working?
        - yes, in many ways
        - but is it legitimate? can YFI holders complain? what is YFI for -- need satisfactory answer.
        - does it leverage as much community intelligence as it could?
    - delegation
        - uniswap and compount is more like proxy voting
        - it could be like a board of directors setting strategy and delegating to an executive team
    - DAO-ify approach 
        - problem: people are disconnected, some out of the loop others in the loop
    - what is value of YFI holder intelligence
        - dont need to even be a YFI holder to suggest a strategy in the forum



## TO DOs (assigned to)
- what are the different types of decisions, decision-making groups, and decision-making processes (**tracheopteryx**)
    - eg what goes in yearn protocol and who decides
- what defines the yearn protocol (**ghost_of_lex_node**)
- what's the goal of governance
- what are the goals for yearn in general



## Post Meeting Notes
- **ghost_of_lex_node**
    - here were a couple of the todos I heard that I'd be interested in working on:
    1. define "what is the yearn protocol (or yearn ecosystem?)," when is something INCLUDED IN it, who has authority to DECIDE to thus INCLUDE something in it? - develop a good view and make a proposal to be voted on by YFI holders to endorse this vision
    2. help develop vesting arrangements for YFI incentive grants funded out of the new YFI buyback--I can likely help on some legal, documentation and proposal-writing aspects of this