Fair Launch

Gavin McDermott: Long time ago, I was in finance, and I was looking for a way to improve just the general system state, so when Bitcoin happened, that made a lot of sense. Ended up moving to San Francisco in 2012, it’s where I met Mike Belshe and I was the first engineer hire there...

In this week’s interview, I spoke with Dan Elitzer and Clinton Bembry, who were part of the founding team of Yam. Yam Finance is an experiment in rebasing cryptocurrencies, plus token incentives, plus full on-chain governance, plus a DAO-like treasury managed by token holders. It’s also testing the power of the emoji and opened the...

In the latest DeFi drama a developer and investor behind a token called SAFE made a mistake when deploying a piece of code and now they’re both calling each other out and publishing their private chats, as the token tanks. But this petty squabble points at a bigger problem: the latest DeFi trend of community-owned…