Unchained

Andre Cronje of Yearn Finance on YFI and the Fair Launch: 'I'm Lazy' - Ep.190

09.15.2020 - By Laura ShinPlay

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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

 

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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 

 

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