YFI, a possible alpha in the LSD track, officially announced that it would launch a high-yield LSD product. According to community speculation, the product structure of YFI's high-yield LSD is to issue a second-layer product, Yeth, based on first-layer pledge certificates such as Frxeth and Steth, and build a dual-currency model similar to Frxeth and Sfrxeth through the CRV governance resources held by Yearn itself, thereby increasing the yield of Yeth.
The link that needs to be opened for this product is that the guage pool on yett/eth needs to be voted through. Because yearn's behavior does not harm the interests of any other large crv holders, although yearn has a bad reputation in the curve ecosystem, it is still judged that it is likely to be passed. If the proposal is passed, the MC of yfi is less than half of Frax, but the vecrv held by yfi may be more than double that of Frax, and the yield of yett will be greater than that of frxeth.
