The wyfe drew so much attention to ern that the money that was deposited there and h residing cash laws actually sky rocketd. The users knew that they can turn a government's talk into future cash flows. And if that's not something i guess we, we can as talk cin develop us, or whatever, can hide from them. That is hundred pe accuraty ye. A ai, accept that. So you calculated the value of the talk based on historic, or even projected cash laws, to be around three dollars, correct? And andthen, but just, is this distributing?...
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