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!
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Resources discussed:
yearn protocol yearn governance yfi price chart Acronym helper: LP = liquidity provider yearn (or "Y-earn") = Andre's protocol cUSD, cDAI = stablecoins in Compound TLV = total locked valued in a DeFi protocol Look up other assets on DeFiMarketCap -----
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.