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Description
SMS Budget Request - Q2 2025
Scope
This proposal requests funding for the Strategist (SMS) team to accelerate strategy development and vault innovation within the Yearn ecosystem. The V3 vault core codebase has stabilized, opening the door for new strategies and products to be built on top.
The team’s primary objective is for Yearn V3 vaults to be the default vehicle through which people deploy their capital in DeFi.
Objectives
- Design and deploy new strategies
- Degen
- Lender/Borrowers for everything (e.g. crvUSD/crvLend, Morpho)
- LST leverage loops
- Cross-chain strategies
- LP Strats
- CLAMM ALM strategies (e.g. Steer, Bunni)
- Single-sided LPs on v3
- New Protocols
- Resupply
- Fluid
- Degen
- Ship more, faster
- New Chain deployments
- Sonic
- Fraxtal
- New Assets
- GHO
- frxUSD
- USDe
- New Chain deployments
- New products leveraging V3 architecture
- Yearn-Yield-Splitter vaults
- Two-token vaults (e.g. yBERA + styBERA)
- Asset-class vaults (e.g. yvUSD → USDC + USDT + USDS + USDe)
- Optimize vault allocations across all V3 allocators
- Protocol-aligned vaults built with/for other protocols
- White-labeled vaults operated by Yearn for other protocols
- Safety and risk
- Reduce reliance on multisig and yChad roles
- Explore more immutable vaults (e.g. yBOLD)
- Decentralize vault operations (keepers, optimization, etc)
- Collaborate with other yTeams
- Enhance product integration and frontend visibility (WebOps)
- Dealmaking on white-labeled and protocol-aligned vaults (Corn)
Timeline
Start: 2025-05-01
End: 2025-07-31
Team
Strategist (SMS) Team:
- 5 Core Strategists: Leading design, deployment, and maintenance of V3 strategies, as well as vault optimization and migration.
- New Contributor(s): Budgeted for onboarding 1–2 additional strategists during this period to support development and expansion.
Budget
Compensation
- Core Strategists: $40,000/month
- New Contributor(s): $10,000/month
- Total Monthly Budget: $50,000
- Total for 3 Months: $150,000
- Requested Payment Token:
yvUSDS-1 - Recipient Wallet:
brain.ychad.eth
Note: SMS currently shares 25% of multi-strategy vault-level fees with
yChad.
Budget Breakdown
| Role | Amount/Month | Total (3 months) |
|---|---|---|
| Core Strategists | $40,000 | $120,000 |
| New Contributor(s) | $10,000 | $30,000 |
| Total | $50,000 | $150,000 |
Reporting
A single report will be delivered at the end of the funding period (August 2025), including:
- New V3 strategies deployed
- Funds migrated from V2 to V3
- Performance metrics (e.g. TVL increase, strategy APR)
- Contributor onboarding summary