Here is my conversation with Tracheopteryx about the evolution of Yearn, Coordinape, and pseudonymity.
Tracheopteryx has been a key leader in the Yearn Finance community since its legendary genesis event. In this conversation, we talk about key moments in Yearn's evolution with an eye towards takeaways that might be useful for other projects. We talk about the introduction of the multisig; the mint — a complex governance proposal where the community eventually chose to dilute themselves in order to reward core contributors; and constrained delegation - the governance framework that Trach helped design and which is operating in Yearn today.
The other big area we get into is Coordinape. Coordinape is a protocol for decentralizing compensation. It was designed and incubated inside of Yearn, and is now being built as an independent project.
Towards the end of the conversation, Trach tells the story behind his name and shares a perspective on becoming pseudonymous that has stayed with me since.
I hope you enjoy the conversation.
Timestamps:
0:00 intro
1:51 acting from fear and acting from love
8:55 Coordinape and web3 compensation structures
19:25 measuring value-creation without reinforcing structural inequality
29:01 the path towards progressive decentralization
38:37 Governance 2.0 and the power of memes
49:26 constrained delegation and the unhealthy power dynamics of exploitation
1:01:21 advice for teams exploring decentralization
1:11:14 the story behind the name 'Tracheopteryx'
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