Crowd Source Trading - Is It a Good Idea?

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Godfen: I think one of the things that te old school crypto investors and people thought was that this notion of kind of memetic slash a crowd source trading would be, would really work in the normal markets. But so far, i would say it's been pretty conclusively, pretty bad at it. Whereas, as you've pointed out, tha, that the wyvaults have done quite a good job of this kind of crowds horse trading model. Godfen: It seems like there is just such a large advantage, and it seems like it's working a lot better than it does in the market. So maybe, do you have any kind of color as to why that happens...

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