🎙️ YFI: Farming the Farmers | Andre Cronje
Chatting with the Founder of yEarn about YFI, yield farming, and more
Level up your open finance game five times a week. Subscribe to the Bankless program below.
🎙️ NEW PODCAST EPISODE
Listen to episode 25 | iTunes | Spotify | YouTube | RSS Feed
Tools from our sponsors to go bankless:
🚀 Rocket Dollar - tax shelter your crypto — $50 w/ "BANKLESS"
⚡️ Loopring - trade & pay on Ethereum w/ near-0 gas fees! (use "Bankless" for VIP4 status & trades at 6bps!)
💳 Monolith - the holy grail of bankless Visa cards
🌈 Aave - money legos for lending & borrowing
Episode: #25 - YFI: Farming the farmers
August 10th, 2020
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!
Resources discussed:
Acronym helper:
LP = liquidity provider
yearn (or "Y-earn") = Andre's protocol
cUSD, cDAI = stablecoins in Compound
Episode Actions
Try yearn protocol- "tested in prod" you could lose it all
Also...subscribe to Bankless YouTube to watch State of the Nation every Tuesday.
Subscribe to the podcast on iTunes | Spotify | YouTube | RSS Feed
Leave a review on iTunes
Share the episode with someone you know!
Don't stop at the podcast!
Subscribe to the Bankless newsletter program
Visit the official Bankless website for more resources
Follow Ryan on Twitter
Follow David on Twitter
Go Bankless. $12 / mo. Includes archive access, Inner Circle & Deals—(pay w/ crypto)
Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. I’ll always disclose when this is the case
Create your profile
Only paid subscribers can comment on this post
Check your email
For your security, we need to re-authenticate you.
Click the link we sent to , or click here to sign in.