Vol. I, No. 1 Monday, August 31, 2026 Yearn Finance — Governance Rights Report
Executable rights. Machine-readable determinations.

Probity Institute

Yearn Finance — Governance Rights Report

Verdict

Yearn Finance

YFI — Governance Rights Report
Tier 3 S1 — Token-Governed Protocol Assessment as of 2026-10-01
GSA-1 fail GSA-2 near-miss GSA-3 near-miss GSA-4 fail GSA-5 near-miss GSA-6 fail GSA-7 fail GSA-8 fail

Why this rating: YIP-88 governance overhaul (Sep 2025) launched stYFI (Feb 5 2026), distributing 90% of protocol revenue to stYFI stakers in yield-bearing yvUSDC — a real economic right. But governance is off-chain Snapshot (styfi.eth, confirmed live) with multisig execution, so it is not a hard token-holder-enforceable right; stYFI retains voting, stYFIx delegates to the Yearn Builder Collective. GSA-3 near-miss: stYFI 90% revenue share is LIVE (yvUSDC distribution) — real economic right, but off-chain-governed and multisig-executed, not a hardcoded token-holder claim; GSA-1 fail: Snapshot off-chain signaling, multisig-gated execution (multisig members voted in by stYFI holders)

Where to Vote

Proposal History

No proposal history is available for Yearn Finance in the current scanner window.

Metrics

Curated metric — next quarterly update. On-chain revenue, treasury, and distribution-enforcement reads are not yet wired for this DAO's space in the Institute's state files; the quarterly re-assessment cycle will populate this block.

Structure & History

Structure: S1 — Token-Governed Protocol.

S1-S5 protocol business structure taxonomy, as-of 2026-08-27 (structure taxonomy date); scores as-of 2026-10-01 (first scored 2026-07-23; quarterly recheck #2, cycle 2026-08-31 -> 2026-10-01)

Assessment flags