Gas fees on Ethereum have fallen drastically, currently being as low as 10 gwei, which momentarily went past 2,000 gwei during the recent correction.

But the market needs another move lower to single-digit gas prices to get YFI creator Andre Cronje to release one for the several projects he has been working on. Referencing this tweet from April, over the weekend, Cronje tweeted,

“Gas prices are a bit earlier than expected. But ETA is looking good. Won't be using deployer address, though.”

While Cronje has yet to deploy his new project, pseudonymous Yearn Finance vault security specialist “Doggy B” says much like many in the Ethereum community, they are also focused on layer 2 solutions. Yearn core developer told Cointelegraph during the Bitcoin Miami conference,

“A lot of the strategists have been playing with sidechains, re-deploying vaults on side-chains. The vault would still be on ETH, but it would source liquidity via a bridge from the sidechain.”

He further shared that they are working on getting DEX strategies to work because users have to “deal with impermanent loss.”

“The only vertical where it’s billions of dollars that we haven’t tapped yet,” Yearn is finding a workable DEX strategy that currently involves using liquidity from two vaults and combining them to create a DEX pool position. From a token economics standpoint, Doggy said,

“We just haven’t found many things where it makes sense to have one, aside from printing more money.”

For instance, Keep3r is having internal discussions around having a new token. Here, something like Aave, where the token is an insurance backstop for the money market, “could drive YFI usage, drive value for YFI, without just printing new tokens,” he said.

As for an insurance solution for Yearn, there’s no timeline for such a project as it could launch in “a few months” or it “could be tomorrow.”

“Andre has made some stuff, and we’re waiting for it to be production-ready,” Doggy added.

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