Yearn Finance founder Andre Cronje places himself up as a delegate for Uniswap hoping to affect the governance of the protocol.

In a tweet, Cronje mentioned he “will construct tooling to facilitate delegation, off-chain voting, and on-chain enforcement” if made a delegate. He added:

“At this level, I don’t assume it ought to be a rush to incentivize liquidity swimming pools (this may be abused). I imagine now we have a chance to re-evaluate the tokenomics and distribution. We can assist DAI or sUSD attain peg. We will present assist for additional growth.”

Uniswap announced it desires to herald a “numerous and high-quality set of protocol delegates” who will focus on governance points over the protocol and its token UNI. Based on the community, this governance construction permits UNI holders to be answerable for making certain the protocol meets compliance requirements. Uniswap management already promised that they might not take part within the protocol’s governance.

As quickly as Cronje introduced his intention to be a Uniswap delegate, followers requested if it as his intention for the YFI-ETH pool to be included within the UNI liquidity pool. He said:

“Right now, no, it could entice YFI holders to supply liquidity as a substitute of utilizing it for its meant function (corresponding to governance). I imagine there may be higher worth add that may be achieved for the general ecosystem by using UNI incentives in different proposals. So as to add onto this, there are additionally different market incentives that may assist the general ecosystem higher. A DAI:sUSD pool for instance can assist each DAI and sUSD pegs. Merely incentivizing liquidity is just not a constructive sum, this may also be simply abused as “exit” liquidity.”

Cronje beforehand confirmed some disdain over the state of the decentralized finance, or DeFi, sector as Yearn shunned releasing a governance token for its decentralized lending platform.

Inside three hours of Uniswap releasing UNI, 13,000 Uniswap customers instantly claimed their free 400 UNI. Binance and OKEx each listed UNI and the token has emerged as one of many high 20 DeFi tokens.