The Open Nature of the Vaults and the Access to Information

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The open nature of the vaults, the fact that anyone can see those strategies. The access to information is is a lot easier slash, spreads a lot faster. In traditional finance, you know this, there's a lot of structures to prevent people from discussing with competitors or different groups. That could very well be a very, very different picture, you now, six months from now....

This week, I - Hasu - talk to 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. We're releasing this interview in two parts. The first gives you an introduction to Yearn Finance, it's future, and Andre's design and investment philosophy in building it. Part II explores the design space for governance systems in DeFi - one of the hottest topics in crypto right now. Yearn Finance Gauntlet Hasu's article "Is Yearn.finance safe to use?" New: Episode Transcript