According to the Daily Planet, DWF Labs proposed in the Yearn governance forum that it has accumulated 12.5 million CRV, worth $5 million, becoming one of the largest CRV holders. DWF Labs plans to deploy part of its CRV position on Yearn and apply to the DAO inventory to borrow 350 YFI, worth $1.95 million, to provide liquidity for YFI on CEX and DEX.
DWF Labs proposes to use up to 3 million CRV to purchase vCRV, add vCRV and CRV hybrid assets to the vCRV-CRV pool, and stake for at least 12 months. DWF Labs will return all YFI loans at the end of the 12-month period and pay 1% annualized interest to the DAO treasury every 4 weeks.
