Yearn Finance Founder Says He Would Like to Be Uniswap Delegate

Yearn Finance Founder Says He Would Like to Be Uniswap Delegate

By Abhimanyu Krishnan | News | 21 Sep 2020


Yearn Finance (YFI) founder Andre Cronje has revealed his desire to act as a Uniswap delegate, tweeting on September 19 about the motivation and plans were he to become one.

  • Cronje said that he had no intention of proposing a YFI-ETH liquidity pool at this time
  • He then listed several ideas on the agenda, including building tools to facilitate delegation, off-chain voting, and on-chain enforcement
  • He also stressed that there was an opportunity to “re-evaluate the tokenomics and distribution”, and there should not be a rush to incentivize liquidity pools as they can be abused
  • One specific example cited by Cronje is helping DAI and sUSD pegs
  • Cronje has been critical of the mania in the DeFi space, as well as certain projects, like SushiSwap

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Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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