Corn (Yearn Finance) on the Evolution of DeFi Protocols (EP. 691)

Update: 2025-12-17

Description

Henry sits down with Corn, head of business development at Yearn Finance, for a conversation about the evolution and current state of defi. In this episode:

The history of defi from 2020 to today, and how the TerraLuna crash impacted the market
How incentive mechanisms in defi have changed in 2025
What caused the collapse of xUSD and Stream Finance?
What is the role of risk curators in defi?
The state of onchain cybersecurity and recent hacks
What is the appetite for defi from non-crypto users and institutions, and will a declining fed funds rate help?
How do defi protocols drive value to their native tokens?
How "decentralized" is defi today?

Comments

In Channel

Weekly Roundup 12/19/25 (Quantum FUD, CLARITY markup, are forks obsolete?) (EP.692)

2025-12-1942:20

Corn (Yearn Finance) on the Evolution of DeFi Protocols (EP. 691)

2025-12-1738:59

Weekly Roundup 12/12/25 (Do Kwon sentenced, DTC no action letter, Circle's private stablecoin) (EP.690)

2025-12-1237:34

Weekly Roundup 12/05/25 (The trouble with Taproot, a prediction market paradox, HFSC OCP.2 report) (EP.689)

2025-12-0533:39

Stepan Simkin (Squads) on Stablecoin-Powered Financial Services (EP.688)

2025-12-0133:01

Weekly Roundup 11/27/25 (Who we are thankful for, S&P downgrades Tether) (EP.687)

2025-11-2828:09

Weekly Roundup 11/21/25 (Quantum FUD, DAT hangover, stablecoin duration risk) (EP.686)

2025-11-2138:41

Weekly Roundup 11/14/25 (Miran speech, Cash App adds Stables, DAT Hangover)(EP.685)

2025-11-1434:17

Weekly Roundup 11/07/25 (Balancer hack, DATs are suffering, Zcash rally) (EP.684)

2025-11-0736:41

Keone Hon (Monad Foundation) on Blockchains Built to Scale (EP.683)

2025-11-0521:15

Giovanni Vignone (Octane Security) on Protecting Onchain Assets (EP.682)

2025-11-0338:47

Weekly Roundup 10/31/25 (DATs selling coins, prediction market problems, Bessent's pesos) (EP.681)

2025-10-3137:50

Geetha Panchapakesan (Tesser) on Enabling FIs to Utilize Stablecoins (EP.680)

2025-10-2919:07

Weekly Roundup 10/24/25 (Quantum, Crypto Pardons, Fed Payment Accounts) (EP.679)

2025-10-2434:07

Weekly Roundup 10/17/25 (Flash crash, pig butchering scam busted, Erebor charter granted) (EP.678)

2025-10-1734:08

Pbj (Perpl) on the Perp DEX Market & Monad's Imminent Launch (EP.677)

2025-10-1427:22

Dave Balter (Flipside) on the convergence of AI and Blockchain Analytics (EP.676)

2025-10-1333:18

Weekly Roundup 10/10/25 (Luxembourg buys BTC, N. Dakota's stablecoin, Salomon bros dust attack) (EP.675)

2025-10-1037:36

Pelle Braendgaard on the Notabene Flow payments platform (EP.674)

2025-10-0840:45

Mike Cagney (Figure) on Blockchain Capital Markets (EP.673)

2025-10-0736:50

00:00

Corn (Yearn Finance) on the Evolution of DeFi Protocols (EP. 691)

#box-pro-ellipsis-176628871844623{-webkit-line-clamp:2;}Corn (Yearn Finance) on the Evolution of DeFi Protocols (EP. 691)

Corn (Yearn Finance) on the Evolution of DeFi Protocols (EP. 691)

Corn (Yearn Finance) on the Evolution of DeFi Protocols (EP. 691)