Episode: #25 August 10, 2020
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Andre Cronje calls himself just another DeFi dev, but you can't help but wonder, is he's underselling himself with that title?
In a few short months he single-handedly created a fleet of DeFi yield farming money robots that locked up over $400m in assets in his yearn protocol. He launched a YFI token that grew in value by over 1,000% in its first week, one of the most explosive price charts crypto has ever seen.
No pre-mine, no VC, no founders reward.
Maybe a better title is King of the Yield Farmers.
DeFi's Satoshi.
Who is this guy?
What did he build and why is it brilliant?
Why did YFI go from $3 on July 17th to $5000 on August 8th?
This is everything you need to know about yearn, YFI, and Andre.
We cover:
- How Andre's really feeling
- What's up with "I test in prod"
- Why high YFI price can be bad
- How Yearn automates yield farming
- Andre's money robots
- Incenting strategy writers
- Risks of yearn
- Launching YFI to scale
- Why people buy YFI
- Organic governance
- Is Andre The Joker?
- What's coming next
Join us next Monday for a fresh episode!
----- Resources discussed:
----- Episode Actions:
- Try yearn protocol - "tested in prod" you could lose it all
- Get involved in yearn governance
- Listen to SOTN#7 - YFI Token Magic w/ Daryl Lau
Also...subscribe to Bankless YouTube to watch State of the Nation every Tuesday.
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----- Not financial or tax advice. This podcast is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Do your own research.
