{"id":280996,"date":"2021-01-13T10:23:38","date_gmt":"2021-01-13T15:23:38","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=280996"},"modified":"2024-06-06T18:36:16","modified_gmt":"2024-06-06T18:36:16","slug":"uniswaps-growth-lead-calls-yearn-finance-out-over-sushiswap-merger","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/uniswaps-growth-lead-calls-yearn-finance-out-over-sushiswap-merger","title":{"rendered":"Uniswap\u2019s Growth Lead Calls Yearn Finance Out Over SushiSwap Merger"},"content":{"rendered":"

Ashleigh Schap stands as the Growth Lead at Uniswap, and has recently called out Andre Cronje, the founder of Yearn Finance, for his apparent hypocrisy. In short, a recent article from Cronje openly criticized forked protocols within the DeFi space. Schap promptly reminded Cronje of the recent merger between Yearn Finance and one of these \u201cforked protocols,\u201d namely SushiSwap.<\/p>\n

Complaining About Forked Protocols<\/h2>\n

The blog post of Cronje, published on the 12th of January, 2020, is simply titled \u201cBuilding in DeFi sucks<\/a>.\u201d In this blog post, Cronje voiced his woes regarding the risks of competitors forking the code of your protocol, then combine it with far more attractive, albeit unsustainable, tokenomics in order to steal users away from the original product.<\/p>\n

Cronje lamented how he could build a product that might even be superior to his rivals\u2019, but all they need to do is fork the code, mint its tokens infinitely, and a week will be all they need to gain double the original\u2019s users.<\/p>\n

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Validating Forked Protocols At The Same Time<\/h2>\n

Now, this is where things get interesting. SushiSwap stands as a prime example of this event. The protocol had forked from Uniswap<\/a>, one of the most popular DEXs out there, back in August of 2020. This project launched its own native token and massively profitable yield farming program. Through these combined efforts, SushiSwap managed to steal an excess of $1 billion in liquidity from Uniswap.<\/p>\n

And it just so happens that Yearn Finance had merged with SushiSwap back in December of 2020. As one would imagine, the Uniswap community wasn\u2019t too pleased about it, and Schap was quick to point out that Yearn was encouraging exactly what Cronje was complaining about.<\/p>\n

In a tweet, Schap highlighted Cronje\u2019s hypocrisy about the matter, explaining that Yearn, as a \u201clegit\u201d dApp, had effectively validated SushiSwap, a \u201cstolen\u201d dApp, by way of this partnership. As such, Yearn\u2019s moves encourage such behavior while its founder gripes about it.<\/p>\n

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1\/ Hi @AndreCronjeTech<\/a> I have some thoughts on your blog post (https:\/\/t.co\/2d4vmvA41O<\/a>):<\/p>\n

— Ash (@ashleighschap) January 12, 2021<\/a><\/p><\/blockquote>\n