DeFi yield farming: following the footsteps of greedy banksters?
DeFI exploded in June as Compound token gained more than 500% in just three days (then lost over 55% in the next two weeks), followed by Balancer token gain of more than 230% in less than a day (which then also lost almost 60% in the next two weeks).
One month ago, almost nobody knew about yield farming, but today it is the hottest topic in crypto. New yield farming opportunities are emerging almost daily, and even some existing crypto projects are joining the party. The following question comes to our mind:
Are we really building the new, decentralized monetary system which will disintermediate the greedy banksters, or are we just following their footsteps?
Gregor, our CEO, is writing a blog where he will explain the basic and more advanced concepts of yield farming and the implications it might have for the crypto ecosystem. Follow Gregor on Medium and get notified when the blog is published.