AMA#1 - Kain Warwick of Synthetix
Bankless
00:00
The Rise and Fall of YAM: Lessons from DeFi
This chapter examines the swift lifecycle of the yield farming project YAM, discussing its initial success and subsequent crisis within a mere 48 hours. The speakers reflect on the implications of unregulated monetary experiments in decentralized finance (DeFi) and the ongoing debates about governance and community coordination. They also explore innovations in protocols like Synthetix, emphasizing the balance between risk and experimentation in the evolving landscape of DeFi.
Play episode from 08:39
Transcript
