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