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25 - YFI: Farming the Farmers | Andre Cronje
Andre Cronje calls himself just another DeFi dev, but you can't help but wonder, is he's underselling himself with that title?
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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.
TOPICS
- 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!
RESOURCES
Acronym helper:
LP = liquidity provider
yearn (or "Y-earn") = Andre's protocol
cUSD, cDAI = stablecoins in Compound