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Blockchain technology is about to transform every trust-based interaction of our lives, from financial services to identity, from health care to our Internet of Things devices. In this podcast, host Laura Shin talks with industry pioneers across tech, financial services, health care, government and other sectors about how the blockchain and cryptocurrency will open up new opportunities for incumbents, startups and everyday people to interact more efficiently, directly and globally.

Sep 15, 2020

Andre Cronje, the developer of, 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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Gods Unchained:


Episode links: 

Andre Cronje:

Yearn Finance:


CoinDesk on Yearn:


The Block report on yEarn Finance:


Post introducing $YFI:


Delegated vaults:



Delphi Digital report on yETH yVault:


yETH collateralization ratio:


Tony Sheng newsletter:


Yearn Governance:


yInsure Finance:


Delegated funding DAO vaults: 


Siege Rhino question about governance:


Andre’s “Building in DeFi Sucks” post:

Andre quits in February:

Andre close to quitting in August:


What Andre wishes he had known before building Ethereum dapps: