1. The awesome founder is known as the AC God.

AC is the abbreviation of his name: Andre Cronje. He is regarded as a golden finger. As long as there are projects in which he participates, fans will follow them without any thought. He is also known as the biggest contributor to decentralized finance as he is the founder of yearn.finance. #KP3R

Regarding YFI, he said this:

“I think Yearn is an umbrella product framework, and all the products I build can be classified as “Yearn”. Yearn V1 is just a lending aggregator. It’s simple, there are many platforms, Aave, dYdX, Compound, Nuo, Fulcrum and so on. I spent a long time standardizing the interest on each platform, figuring out the on-chain quoting mechanism, and the ultimate meaning of these numbers, because each platform is slightly different, and I did this because I wanted to put my money where the interest is highest. The place.

I found that the interest rates in different fund pools fluctuated greatly due to the inefficiency of funds in the market, so I spent a lot of time moving funds and started looking for ways to automate it. In this way, I came up with Yearn - it's very simple, just put the funds in, and as long as you interact with the smart contract, it will check the annualized rate of return of different lending platforms, and then transfer the funds. It will pool funds and bring higher returns than any lending platform. Since it is now a fund pool solution, it means there is a lot of interaction with smart contracts. Switching between different interest rates will also increase the granularity, which will also reduce gas fees. It is no longer twenty people operating independently to pay gas fees.

This interaction simply moves money, and annualized returns are always highest where the money is. This is just the V1 iteration, which is the basis for V2. My product version is a bit confusing. So I want to change the naming standard. The V2 version is yPOOL, and build the yCRV fund pool directly on it. The reason is why switching fund pools cannot be profitable. This approach improves the annualized yield, which is the best yield you can get because you have optimized borrowing and now you have transaction fees. We have to make some sacrifices for the V2 version of the capital pool.

The problem is that to make transactions more efficient, you can't always rebalance the underlying assets because gas fees are expensive. So the V2 version does not rebalance withdrawals and deposits, making exchanges cheaper. Then do all the rebalancing when you interact directly.

After that there are some trade-offs, one is the sUSD fund pool. sUSD is great because Synthetix adds liquidity enough and allows users to stake. The Liquidity Provider (LP) tokens users receive are the MTA tokens after yPOOL enters their reward system. That’s when I started working on their rewards system, which is now the basis of YFI. Later there were YFII, YYFI, YAM and so on.

A big thank you to Anton from 1inch and Kain from Synthetix who I worked with. After a long period of silence, I started tinkering with other tools that interested me. I started looking into synthetic assets, started looking into stablecoins, ySwap, things like that. But my main focus is yLeverage and yTrade for leveraged trading of stablecoins. I want to promote Curve's yPOOL transaction, because the more fund pool transactions, the higher the fees, the more incentives for LP, and the higher the total annualized return. So I started yLeverage by borrowing a flash loan from dYdX and entering Maker.

USDC borrows DAI, sells DAI and buys USDC, repays the debt, and obtains profits. You decide when to close the vault (vault), and the vault is under your control. So the decision lies with the user. yTrade is not just an LP system. If you provide Curve LP tokens, you can get DAI, USDC, USDT or TUSD, and then you can establish trading positions and conduct transactions. Since then, COMP has changed a lot. It is no longer simple to aggregate information on the chain and get the best annualized return.

The purpose of the Yearn system is still to maximize the annualized return of LP. The current situation is that Compound is the best as a lending platform because it can obtain additional annualized returns based on Compound tokens.

I studied the social transaction concept behind "yield farming", and I think it should be called "socialized yield farming." The concept of "yield farmer" is so interesting. As a group, it is much faster to confirm the strategy. Ranking strategies based on return performance will be quick, and funds will be allocated to fund pools quickly. This is where the idea for the YFI token came from. YFI is for people who participate this way.

In the beginning, participants were just liquidity providers, so it was reasonable to call them “farmers.” I want these people to get tokens because they can collectively make decisions and continue to capture opportunities.

Another important thing to me is that when new strategies emerge, new strategies will be added in a short enough time and can be optimized, but they will not cause risks because they are too fast. I think this is what Hasu once addressed in his article. I think it's important to let everyone know: there is a trade-off between moving quickly and operating safely. This is why I say: YFI tokens are not for trading.

You know, the YFI token itself has no value. Just a tool for collective decision-making within the system. At that time, I began to pay attention to the COMP governance solution. I thought this solution was great, but it was a bit rigid and I didn't know how to fix it at the time. I know the shortcomings of my capabilities in things like reasonable governance control mechanisms and economic models, so I decided to give these powers to the people who hold the tokens. Their collective wisdom is stronger than my personal ability, so I chose community governance to let the smartest people in the industry participate and let them make choices, while I can concentrate on programming and coding.

I think we've been successful in that regard because we have a lot of great people looking for solutions, and they work together to find the answers. I never thought I could build everything with strategy, and ended up with the concept of V2 yVault and the Harvest Tool. So, unlike V1 Yearn and yPool, V2 is static, immutable, and no one can mess with it, which I love.

I need new solutions that are updatable and can rely on rules, which is why I chose to decide the strategy through community governance voting, so that I have a strategy that can switch between different strategies. As the industry continues to change, Yearn is also evolving, as LP returns are nothing like they were at the beginning of the year, and solutions need to change - which is where we are now. "



2. Keep3rV1

This is a decentralized job search website founded by AC God, but it only connects individual programmers or teams to provide services for other chains. In less than a year, 36,793 work orders have been completed, and personnel who registered and provided services (called personnel There are 1,078 keepers, and the remuneration received by the keepers is calculated in KP3R coins. AC God specifically stated: This is a work docking platform that allows people to truly work and make money, rather than letting speculators make money.

Registration and inquiries can be found at keep3r.network.

keep3r.live shows that the top worker this week was paid 91 coins, worth $150,000.

3. Is the work of a programmer difficult?

It doesn't look like anything difficult, it's just a small job.

However, the popularity is unimaginable, with locked funds reaching 1 billion. After the announcement of AC, the currency price rose sharply.