Michael Egorov
Stablecoin AMM design and incentives that provided core liquidity used by Yearn vaults
Developed the AMM and incentive model for low-slippage stablecoin trading pairs, which enabled the formation of liquidity used in Yearn Vault strategies. Specific products included Curve stable pools and issued CRV, as well as the veCRV model, which determined liquidity flow and yield directions for yield aggregators. Integrating Curve pools into Yearn strategies involved using Curve liquidity positions (LP tokens) as the underlying asset for yVaults and farming mechanics. Partner solutions regarding meta-pool creation and incentive schemes directly impacted vault APRs and the assets users preferred to deposit into Yearn. These product solutions provided stable liquidity concentration and low exchange costs for Yearn's internal strategies. Consequently, changes in incentive curves and Curve parameters were instantly reflected in Yearn vault yields and YFI holder behavior, as yield and liquidity availability serve as key token value indicators for them.
A governance token for a decentralized exchange protocol focused on stablecoins.
Protocol for trading future yield components, separating principal from returns.
A decentralized finance governance token designed to coordinate protocol decision-making and incentivize liquidity provision.
Governance token for an automated yield aggregation protocol.
Decentralized money market protocol facilitating lending and borrowing across multiple chains.
It acts as the governance layer for an algorithmic stablecoin protocol, managing monetary policy and value capture.
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