The Token, Is Not Going to Be a Sale

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The token is not going to be a sale. It's purely as a collective decision making tool for the system. So unlike, unlike the the e v one yern wy pools, which are static and immutable, i needed a new solution that can upgrade - within certain rules and restrictions. Now let let governments vote in strategies, and then you have strategists that are capable of switching between different gies or things like that. And so there's a whole roll ego system that i still need to unpack and share, that old design philosophy. But, but that's really how we got to hear er....

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