I've, I'm Tempted to Give the Benefit of the Doubt, and I Want to Say, Look, a Lot of People Have Been Trudging Through the Bear Market With Everyone Else.

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How do you feel about some of the people who were proclaiming this message of safety and trying to get people to feel like they really owned their money, somehow chant turned into a. once they saw a thousand per cent, a p r numberain back to the metric, they suddenly threw away all their scruples. I think an apt quote a was, you you either die a hero or live long enough to see yourself become a villain. A i'm tempted to say we're kind of in that space. But at the same time, i want to give them the benefit of the doubt. These people have suffered through these last few years, and now is a time of euphoria....

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