The term security budget since like teruninil sea governants as an attack factor on a system that needs to be closed. If governors are not sufficiently incentivized, then even they can do stuff that's not maybe in the best interest of the protocol. The value that it has inherent now is is a nete benefit for the system. Nd, not only the the te the intellectual and creative it's attracted, but also the security it adds to the solution....
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