Harvest is a joke. There is no community, ingenuity/charismatic character like Andre there and the devs are anon.
Now Tokensets could be a competitor if they had an actual token. But without a token they’re at a huge disadvantage to Yearn. Also they’re already at a disadvantage in that they’re very much so centralized and worse they’re at the mercy of the U.S. regulations. Good luck there.
I’ve been thinking about it for awhile and have figured that a true, worthy competitor would look like this:
-well-known dev who’s skilled and has proven it and their code is known to be good…Honestly they’re are probably only a couple dozen of these devs out there.
-truly decentralized…Very hard to do, lest local regulations will destroy the project.
-community-driven from the get-go…Again, besides Bitcoin, Yearn is basically the only other one. You have to reward the early community members with wicked gains and get them deeply passionate about the project so they naturally attract more people and capital to the project.
-product market fit…Basically they have to fit a need as good or better than Yearn. Very hard to do since Andre and company would simply make tweaks to make theirs just as good.
Honestly, these are huge barriers to entry…I think the only way we see another worthy competitor is if one of these devs working with Andre on Yearn goes and starts their own fork. Doing so could create a split in the community while essentially recreating $YFI’s meteoric rise.