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add ylockers section and update yprisma (#398)
* add ylockers section and update yprisma * grammar improvs * grammar improvs, use single-word link * improve important paragraph style --------- Co-authored-by: Marco Guaspari Worms <[email protected]>
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# Overview | ||
yLockers is a category of assets built by Yearn designed to tokenize locked governance positions in external DeFi protocols. This asset type is often called a "Liquid Locker". | ||
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To achieve this, Yearn has deployed a system of smart contracts that allows users to permissionlessly max-lock their governance tokens to a central Yearn in exchange for a yLocker token (e.g., yCRV, yPRISMA, etc.) at a rate of 1:1. | ||
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The benefit of doing this is to provide the end user with a fully transferrable and liquid token that can still receive a share of governance benefits like yield or voting power depending on the protocol. No longer is there a need to lock up your asset value for up to 4 full years! | ||
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> **⚠️ Important**: Liquid locker tokens are not redeemable for the underlying locked tokens. This is not possible. But because they are liquid, they can be traded on decentralized exchanges, and bought and sold at market value. |
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docs/getting-started/products/ycrv/faq.md → ...ing-started/products/ylockers/ycrv/faq.md
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# FAQ | ||
# yCRV FAQ | ||
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## Launch and Migration | ||
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docs/getting-started/products/ycrv/guide.md → ...g-started/products/ylockers/ycrv/guide.md
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...getting-started/products/ycrv/overview.md → ...tarted/products/ylockers/ycrv/overview.md
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# Overview | ||
# yCRV | ||
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# yPRISMA FAQ | ||
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The Prisma Wars are officially underway, which means full steam ahead for yPRISMA: Yearn's newest tokenized locker product. | ||
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Yearn has claimed its PRISMA airdrop as yPRISMA and is preparing to distribute these tokens to yCRV users and yPRISMA LPs. | ||
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This post will outline exactly how that will work. | ||
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### What's happening with Yearn's veCRV Airdrop? | ||
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The roughly 280,000 yPRISMA tokens minted from Yearn's airdrop claim will be distributed across two simple staking contracts: yCRV and yPRISMA LPs. | ||
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If you are a user in the yCRV ecosystem you may migrate your position by withdrawing to vanilla yCRV and depositing it into the new staking contract on https://yprisma.yearn.fi to earn yPRISMA rewards. | ||
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## What do I do with yPRISMA? | ||
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The yPRISMA ecosystem aims to deliver a user experience similar to yCRV, which passes all protocol yield earned by Yearn's position along to users. | ||
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A staking contract is available on the yPRISMA [website](https://yprisma.yearn.fi/), allowing users to stake their yPRISMA to earn protocol fees and bribes. | ||
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## Can yPRISMA users vote in Primsa? | ||
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Weekly incentive voting is automated to optimize for the maximum weekly bribe yield. | ||
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There is active research on Prisma governance proposals to determine how to pass Yearn's voting power along to yPRISMA users. | ||
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Successfully deployed to the following URLs:
yearn-docs – ./
docs.yearn.fi
yearn-docs-phi.vercel.app
yearn-docs-git-master.yearn.farm
yearn-docs.yearn.farm
docs.yearn.finance