It’s clear that Yearn is one of the most if not the most talked about Ethereum-based projects with a token right now.
At the same time, Yearn is also very controversial, and a lot of people short YFI on Cream.
YFI has been a candidate for listing since the start of Wing, however the last vote ended with more votes for UNI.
Listing YFI at this time is an opportune moment to join the Yearn ecosystem and welcome in and collaborate more closely with the Yearn community.
I propose to list pYFI on Wing for lending and borrowing.
Demand to Lend
- Exposure to YFI
- Earn APY + WING Rewards
- Use YFI as collateral
Demand to Borrow
- Shorting YFI
- Adding pYFI liquidity to uTrade for trading fees.
- Unwrapping pYFI to Ethereum YFI to deposit in yVaults, add liquidity to Uniswap, etc