1/ @iearnfinance’s conception of “strategies” will be the next big primitive in DeFi

Aggregator gov tokens control what “strategies” capital is allocated to, which protocols the strategy puts capital into, and how strategy creators are compensated

This is something new
2/ Valuation of YFI tokens will ultimately be based on the downstream fees the aggregator controls via capital allocation to strategies

DeFi protocols will need to own YFI gov tokens, and be writing compelling strategies, in order to be competitive/direct capital flow
3/ On the strategy creator side, there will be an explosion of creativity as traders can now open source a trading strategy, specify their profit %, and deploy with $10Ms of capital

They will also need to own YFI gov tokens to have a seat at the table
4/ We bought/mined a bunch of YFI over the past week

We will be focusing on writing compelling strategies for Synthetix/Curve/Aave/Futureswap, protocol housekeeping, and above all, maximizing value for YFI holders

We are v excited

✌🏻
You can follow @iam__vance.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled:
Those who think consciousness raising & movement building are disconnected, or even a distraction from electoral politics have not paid attention to the history of social change.In this thread, we
Read more
The 2020s will be known as the Remote Work decadeA few predictions of what is likely to emerge[ a thread ] Third Space: Office and Working from Home will
Read more
1/29: Have you ever had a concept explained to you that helps frame complex issues you’ve been wrestling with and opens your eyes to new possibilities? A concept that I
Read more
By continuing to use the site, you are consenting to the use of cookies as explained in our Cookie Policy to improve your experience.