August 19th, The Yearn community recently proposed a new proposal to launch the complete Yearn V3 system. The proposal will confirm the design specifications of V3 and support its deployment, clarify parameters and initial configurations, provide detailed explanations of the launch and implementation process, and approve governance roles. The V3 system will allow anyone to deploy vaults and strategies without permission.

The vaults and strategies of V3 will be completely independent, which means that a vault can deploy capital to multiple strategies, and strategies can accept capital from different vaults. The V3 proposal lists significant improvements to vaults and strategies, including higher composability, decentralization, customization, efficiency, and profit locking mechanisms.

In addition, V3 also introduces a protocol fee controlled by governance to ensure that Yearn's treasury continues to receive income. The proposal states that the initial launch plan of V3 is to first focus on areas that V2 has not yet widely covered, first promote it on Polygon, and then expand to other chains such as Arbitrum, AVAX, Optimism, and Ethereum.