Understanding Pickle and the Yearn Finance Ecosystem - Decentralise #52
Behind the scenes with Pickle, Yearn and YPIE
Pickle, Yearn and YPIE
PieDAO’s upcoming Yearn Ecosystem Pie (YPIE) will feature metagovernance, enabling easy voting participation across the Yearn ecosystem.
To celebrate this and provide relevant information for voters I’ve been delving into the projects making up YPIE, how they work, and the role they play in the Yearn Finance ecosystem.
Today I’m covering Pickle, a project that’s experienced its fair share of highs and lows in recent months.
If you haven’t been following from the start Pickle was hacked for $20m and then became the first project to integrate with the Yearn Finance ecosystem.
I’ve been covering the events consistently and along the way I’ve built a strong relationship with LarryTheCucumber (check out our interview) and the engaged Pickle community.
The close connection has given me an inside view at what’s been happening.
I’m happy to take the opportunity today to shed some light on what’s really been going on and just how the Yearn partnership is playing out. I think this is especially important considering the amount of negative misinformation I see on Twitter.
If you didn’t check it out already, here’s the most recent blog from Pickle.
What’s Pickling
Img courtesy of Bambi.
There’s been a sense in the wider defi ecosystem that there’s something hostile about Yearn’s rampant acquisitions spree.
From the screenshots of communications I’ve seen however, this couldn’t be further from the truth.
Yearn devs and Andre in particular have invested significant time and resources in Pickle, and the atmosphere has been both collaborative and respectful.
As an example I’ve seen Andre specifically state that he wants to see Pickle voters to have complete control of the project’s future.
Yearn got straight to work building and the Pickle community is currently waiting for an audit on the new code, so stay tuned for an update very soon.
While the partnership has been positive for Pickle, the bad news today was that core developers 0xPenguin and BigBrainBriner decided to take a break from the project citing the emotional toll recent events have taken.
Larry has stated they have remained close friends, and they may return in the future.
Pickle responded rapidly and immediately began talks with some highly respected developers in the space. Keep your eyes peeled for an announcement later today.
What else can Pickler’s look forward to?
Developers are already working on new farming strategies, an update to the UI to include the new governance design with DILL, and of course the smart treasury.
Conclusion
I hope this has helped clear up exactly where the project is right now. It’s had its fair share of bad news, but I believe the strong community, support from the Yearn ecosystem and talented new developers will ensure Pickle will continue to succeed.
I’m looking forward to continuing to work together both as we collaborate on PieDAO’s YPIE and beyond.
If you want to better understand what Pickle brings to the Yearn Finance ecosystem I covered the specifics, including boosted rewards, DILL, and CORN here.
Yesterday:
Understanding Keep3r Network.
More reading:
Understanding Yearn’s acquisitions.
Understanding Cover Protocol.