Update #2
With the aim to speed up and facilitate liquidity deployment and make BY and PYTs ready to onboard new capital, we will open today the temperature check for the integration of the Folkvang DAI (Senior) PYTs into BY.
The Governance vote (from proposal discussion to IIP execution) can take up to 15 days and could end up being a blocker for new liquidity deposits. Opening sooner the Temperature Check could let the DAO share his preferences about a new integration while Leagues are working to develop and bootstrap a new pool.
A positive integration vote would not mean that the pool will be receiving BY funds right after. Some minimum requirements will still be needed:
- A minimum liquidity threshold in the pool.
- Sufficient coverage from Junior funds to Senior ones.
We are also working to provide a concise and common framework of minimum requirements to have Senior PYTs integrated as yield sources of BY to be used in future votes.