I'm Not a Big Fan of Ad Thiks, I'm Just Not Going to Vote.

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There's always an event that makes it declinend. There are definitely a few very, very powerful whalesand and their vote does sway a lot. And those fluctuations, to me, are detrimental to the longevity of the product. But again, this is thiss personal bias. It might not play out this way. I'm basing this alf of what i've seen being in this industry the last imten fars aand that's also why i didn't really want this sociation with it. Two, two, two. To to be plain about it, i actually thought that not a lot of people are going to be mining it, and i'll probably be one...

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