The Yearn Finance community, a DeFi revenue aggregator, recently launched a proposal to launch yETH tokens. According to the proposal, Yearn ETH (yETH) is generated when users deposit a basket of various ETH liquid collateral tokens.
yETH can reclaim the deposited value, and obtain relevant Ethereum PoS staking rewards through the diversification of LSD when staking, and obtain a more mixed risk/return.
The proposal is currently under discussion. According to the voting rules, it will be discussed through non-binding forum voting for at least 3 days to gauge sentiment before it can be assigned a YIP number and transferred to a snapshot for binding voting by veYFI holders. However, in In the current poll, 20 people have voted, 11 of whom have voted against. Polls will continue for three more days.