Is it time to launch yETH? Maybe not, says a poll on the iearnfinance forums. thesamreynolds reports.
“I would much rather see this work like yCRV where you can either stake st-yETH for validator yield, or provide yETH-ETH LP in Curve and receive LP-yETH receipts which earn emissions from treasury directing some its CVX/CRV war chest there for a yield alternative,” one user by the handle MrStiive said.
Others have said that yETH’s proposal is too similar to existing projects like unshETH which has already launched. “Why do Yearn contributors feel the need to copy their ideas from other projects? As previous replies have pointed out, even part of the proposal itself is copied,” a user named Hardwood said. “DeFi is not governed by copyright; in truth, plagiarism might even be one of the greatest forms of flattery - but in this case, it only exacerbates the problem that the proposal is trying to solve. Even in the most bullish case, we would end up fragmenting LSD asset liquidity with another copycat idea.
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