The higher o, the talking value of o a wife he is, the more skinn in the game governors have. And doesn't this force thim to make better decision? A so so well, i can't comment exactly on that, even though i do with the statement, agree. What you just said do draw an interesting comparison to me, in that ain that what i wanted to do wit with the token, get it in the hands of people who are creative slash intellectual capacity and able to manage the system. So, like betquin and a security budget, i think maybe you can call this like an intellectual budgetik or something like that....
We return for the second half of our interview with Andre Cronje, a long-time DeFi developer, and creator of Yearn Finance. You can think of Yearn as a smart bank account that automatically allocates your assets to different low-risk investment strategies that execute on the Ethereum blockchain.
My co-host is Tarun Chitra, the CEO and founder of Gauntlet, a company that helps stress test the incentive structures and economics of cryptocurrency protocols, especially of DeFi protocols.
In this episode, we explore governance in Yearn in particular and how governance in DeFi should work in general. What roles exist, and how can we align their incentives? Is governance a feature to be tokenized and sold off, or an attack vector to be closed? How does the price of a governance token affect the security of its parent protocol? And why does Andre eventually want to retreat from being the lead developer of Yearn Finance?
Yearn Finance
Gauntlet
Hasu's article "Is Yearn.finance safe to use?"
Episode Transcript