Initiate Partial Withdrawal from V1 Backstop
YieldBlox DAO governance vote to withdraw 350,000 shares (approximately half of the DAO's 750,000-share holdings) from the V1 backstop contract. This partial withdrawal is a key step in the DAO's transition strategy from V1 to V2 pool infrastructure.
YieldBlox DAO has initiated a governance vote authorizing a partial withdrawal from the V1 backstop contract, targeting 350,000 shares out of the DAO's total 750,000 share holdings. The withdrawal will execute via queue_withdrawal against the jal3 contract for the f2wb pool, using the DAO account a6fq. This partial liquidation represents approximately half of the DAO's V1 position and is a critical component of the planned transition to the new V2 pool infrastructure. Community discussion is ongoing in the YieldBlox Discord.
