---
title: "YIP-2: Burn YFI for fees"
hide_title: true
sidebar_position: -2
---

# YIP-2: Burn YFI for fees

| Metadata | Details |
| --- | --- |
| YIP | 2 |
| Outcome | **Rejected** |
| Authors | andrecronje |
| Created | 2020-07-19 |
| Forum discussion | [View discussion](https://gov.yearn.fi/t/proposal-1-yfi-fee-collection/25) |
| Snapshot vote | Not recovered |
| Vote result | No Snapshot vote recovered. |
| Source | [Source](https://github.com/yearn/YIPS/blob/master/YIPS/yip-2.md) |

## Simple Summary

**FOR**: Will continue to with the current burn model.

**AGAINST**: Rewards will be claimed via a staking model instead.

_NOTE: This was proposal 1 on-chain._

## Metadata

| Name                | Value                                      |
| ------------------- | ------------------------------------------ |
| Proposed by         | 0x473afAb58B2C5D4DbC5FAD5D236f6658AD84E83b |
| Total for votes     | 502445.8576 (11.27%)                       |
| Total against votes | 3953417.1244 (88.72%)                      |
| Quorum              | 22.03% 𐄂                                   |
| Start block         | 10490942                                   |
| End block           | 10508222                                   |

Source: [yieldfarming.info YFI Governance Information](https://yieldfarming.info/yearn/vote/)