Business
Andre Cronje, the developer of yearn.finance, talks about all things DeFi and the past, present, and future of yEarn. In this episode, he discusses: what Yearn Finance is, and what led him to develop it and eventually open it to the public his history and background, leading up to the development of Yearn the processes and mechanisms involved in yEarn v1 and yEarn v2 why he decided to do a "fair launch" of the YFI token, despite being in debt as a result of building Yearn why he felt that a Decrypt article about him in August was a "horrible hatchet job" why he disagrees with what he sees as the current anti-VC narrative his thoughts on the phenomenal rise in YFI's price and why the price of a YFI token still doesn't matter how and why he decided governance participation would be a requirement for earning tokens in the Balancer/yCurve/YFI pool the governance processes in Yearn and his thoughts on whether or not a Compound-style form of governance would be better how he might mitigate whales dominating the vote what he means by "I test in prod" and how people have misinterpreted his meaning why he briefly walked away from DeFi whether he agrees that YFI could be a new structure to replace existing traditional business structures his response to the allegations by XAR Network whether he would consider moving Yearn to another blockchain his vision for what Yearn can become and how much YFI he currently owns personally Thank you to our sponsors! Crypto.com: http://crypto.com Gods Unchained: https://playgu.co/unchainedpod Episode links: Andre Cronje: https://twitter.com/AndreCronjeTech Yearn Finance: https://yearn.finance https://docs.yearn.finance CoinDesk on Yearn: https://www.coindesk.com/what-is-yearn-finance-yfi-defi-ethereum The Block report on yEarn Finance: https://www.theblockcrypto.com/genesis/75189/defis-yield-aggregator-dao-yearn-finance Post introducing $YFI: https://medium.com/iearn/earning-yfi-y-curve-fi-53b5fd347f0f Delegated vaults: https://medium.com/iearn/delegated-vaults-explained-fa81f1c3fce2 V2: https://medium.com/iearn/yearn-finance-v2-af2c6a6a3613 Delphi Digital report on yETH yVault: https://www.delphidigital.io/reports/yeth-now-do-you-understand/ yETH collateralization ratio: https://defiexplore.com/cdp/13972 Tony Sheng newsletter: https://tonysheng.substack.com/p/yfi-ponzinomics Yearn Governance: https://medium.com/iearn/yearn-governance-forum-7b7c9d0300ac yInsure Finance: https://medium.com/iearn/yinsure-finance-a-new-insurance-primitive-77d5d4217896 Delegated funding DAO vaults: https://medium.com/iearn/delegated-funding-dao-vaults-7ab05a63d7ba Siege Rhino question about governance: https://twitter.com/SiegeRhino2/status/1303415750238101504?s=20 Andre’s “Building in DeFi Sucks” post: https://medium.com/@andre_54855/building-in-defi-sucks-b8fdfda0ef58?source=---------17------------------ Andre quits in February: https://decrypt.co/21068/founder-of-promising-defi-project-abandons-the-toxic-cryptosphere Andre close to quitting in August: https://decrypt.co/37995/exclusive-yfi-andre-cronje-broke-quitting-defi What Andre wishes he had known before building Ethereum dapps: https://medium.com/iearn/things-i-wish-i-knew-before-building-ethereum-defi-dapps-cd6bf0f07a16