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The UK is officially preparing for a large scale war against Russia. Ten days ago, the UK urged citizens to be prepared to make sacrifices for the country. General Sir Roly described the current situation in the UK as extremely dangerous. He announced that the UK's political leaders would soon have a frank conversation with citizens about what is truly going on. His exact words: Things that are going to kill you are going to get that close to you. Whether that is close quarters combat in tunnels, whether it's in derelict buildings, whether it's in forests and woods, or on the streets of villages. Then a day ago, the Prime Minister urged citizens to stock up on food that does not require refrigeration or cooking. He also urged citizens to keep medicines and first aid kits for treating wounds. He advised citizens to keep torches and spare batteries. Citizens were also urged to withdraw some money from their bank accounts and keep some cash on hand. They were also advised to keep emergency essentials for babies. The Prime Minister also urged citizens to store water. And now, the Defence Secretary has issued another deadly warning to UK citizens. He believes the UK has only 1000 days to prepare for war. Adversaries are planning a large scale attack on the UK by 2030. The UK is seeing its biggest increase in defence spending since the end of the Cold War. The Defence Secretary is now warning about Russian tanks rolling across the UK borders. He is also warning that state sponsored terrorism could cripple the UK. He has accused Russia of using civilian fishing trawlers as commercial proxies to map and loiter near critical undersea cables. The Defence Secretary has identified 500 incidents in which Russia is attempting to destroy the UK's financial system and banking infrastructure. He has also accused Russia of spying on UK government and business communications. The UK and NATO are now getting ready for a multi year war against Russia. The whole of Europe is heading towards a catastrophe.

A proposal has been put forward by Core Contributor @ravageur77 which, if approved, would lead to an orderly sunset of the Yield Yak protocol later this year. Below is the full proposal for transparency. Protocol operations continue as per usual during this process. __________________ Proposal for an Orderly Sunset of Yield Yak TL;DR - We propose an orderly sunset of the Yield Yak protocol. If agreed on, the Treasury (minus winddown costs) will be dispersed to YAK holders.  Claim #1 would  begin in early November,  followed by a second and final claim in December. - All Vaults and Farms would move to withdrawal only by November.  Vaults will be maintained and remain yield-bearing until December, after which deposits in underlying Vaults (aiAVAX, aiUSD, aiBTC, etc.) will no longer earn yield. - Yield Yak’s front-end will be supported until at least Q2 2027, after which any withdrawals would need to be made via Block Explorer - The Treasury is currently valued at ~$290,000 USD that will remain yield-bearing until the claim period.  The Treasury is currently in a mix of USDC and AVAX, but would be consolidated into AVAX prior to the claim.  YAK holders would burn YAK to receive AVAX during the treasury distribution. - The Treasury has pulled all of its liquidity for YAK liquidity ahead of this proposal. REASONING Launched in the defi summer of 2021, Yield Yak has had an incredible run as one the longest running community-rooted defi protocols on Avalanche. The protocol survived multiple bear markets, and experienced incredible highs, notably YAK being the most valuable airdrop in Avalanche’s history, and reaching $750 Million in Deposits back in late ‘21.  Yak Swap, our 100% free swap aggregator, has turned over billions in swap volume. And for the majority of the protocol's existence, Yield Yak has returned 100% of fees to YAK holders.   However, the protocol has struggled to grow in the past 18 months, notably: - Chain expansion proved difficult to acquire new users and ultimately unsuccessful - We failed to convince Avalanche institutional partners (DATs, among others) or the Foundation to support Yield Yak's flagship vaults (notably aiAVAX, despite its position as the highest yield AVAX vault in the ecosystem).  Our fee generation has relied on organic support from the community. - The regulatory outlook for curated vaults isn’t promising, putting smaller protocols like ours in a potentially increasingly vulnerable position from a risk POV. - $YAK holders currently receive 30% of revenue.  It has been considered to move this to 0% and 100% to Treasury to bridge the gap between burn & revenue, but this felt unfair to YAK holders with no clear growth drivers in the pipeline. Ultimately, it feels like the right time to sunset the protocol and also in the best interest of YAK holders as opposed to a slow drain of the Treasury. SPECIFICS Treasury - Burn is currently $9.5K/month, but this is after already making reductions in recent months to bridge the gap with revenue. - Treasury revenue sits at approx. ~$5K/month - Treasury is currently made up of 3 assets: $AVAX (in aiAVAX),  $USDC (in aiUSD), and a Pharaoh xPHAR position which stems from an original investment Contributors made back in 2023. What is proposed is that the AVAX and USDC will be consolidated into AVAX, which would be currently valued at ~$290K. The xPHAR position will be transferred to the remaining Team Operations / Contributors to compensate for winddown costs.  In this way the Treasury dispersion can be simplified into one single token, without needing to liquidate and burn half of the value of the xPHAR position.  Timeline should this proposal go forward. Late October: - Deposits are disabled on all Vaults and Farms - Revenue configured to go 100% to Treasury (so they can be collected to distribute to YAK holders in Claim #2; see below) Early November: Claim #1 goes live.  This claim will be calculated as “Current Treasury Assets divided by YAK in distribution minus certain specific wallets (including the Treasury).  The Claim will be live for 30 days from the point of creation.  Any unclaimed assets will be distributed in Claim #2 to users who partook in Claim #1. Early December: - Remaining Contributor salaries are halted - Vaults deposits will stop earning users yield - Claim #2  goes live. This claim will be for unclaimed assets from Claim #1 + Revenue earned by the Treasury during Claim 1. Eligible wallets for Claim #2 will be wallets who participate in Claim #1. Not before Q2 2027: Yield Yak front-end may no longer be supported, in which case withdrawals would need be made via Block explorer aiBTC Stream Finance Impacted Users:  Contributors will facilitate any aiBTC compensation from the Stream Finance incident should a resolution come to pass in the future. Next Steps Community questions & discussion, followed by a DAO vote on Snapshot _______________

yes, yes i can

NYSE announces tokenized stock trading platform. Wallstreet is going onchain. #tokenization #token2049