Yern is a new type of currency. It was created to help people get the best interest rates for their money. Yern has been around since 2012, but only just started trading this week. The company's first product will be called Yearn and launched on Thursday....
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