The founder of Yearn Finance, Andre Krone, introduced himself as a delegate to Uniswap, hoping to influence the management of the protocol.
In a tweet, Kronje said he would “build a toolkit to facilitate delegation, out-of-chain voting and chain implementation” if delegated. He added:
“At the moment, I don’t think we need to rush to stimulate liquidity pools (this can be abusive). I believe we have the opportunity to re-evaluate tokenomics and distribution. We can help DAI or sUSD reach the latch. We can provide support for further development. “
Uniswap has announced that it wants to introduce a “diverse and high-quality set of protocol delegates”
As soon as Cronje announced its intention to be a delegate to Uniswap, followers asked if it was his intention to include the YFI-ETH pool in the UNI liquidity pool. He said:
“Currently not, this will attract YFI holders to provide liquidity instead of using it for its intended purpose (as management). I believe that there is better added value that can be done for the whole ecosystem by using UNI incentives in other proposals. In addition, there are other market incentives that can help the overall ecosystem better. DAI Pool: sUSD, for example, can help both DAI and sUSD pegs. Simply stimulating liquidity is not a positive amount, it can also be easily misused as “initial” liquidity. “
Cronje has previously shown some disregard for the state of the decentralized financial or DeFi sector, as Yearn avoids launching a management badge for its decentralized lending platform.
Within three hours of Uniswap launching UNI, 13,000 Uniswap users immediately requested their free 400 UNI. Binance and OKEx listed UNI and the token appeared as one of the top 20 DeFi tokens.