DeFi abandons Ponzi farms for ‘real yield’

[Google News Bot]

Decentralized finance is beginning to embrace a hot new phrase: “real yield.” It refers to DeFi projects that survive purely on distributing the actual revenue they generate rather than incentivizing stakeholders by handing out dilutionary free tokens. Where does this real yield come from? Are “fees” really a sustainable model for growth at this early stage? It depends on who you ask. The DeFi ponzinomics problem is our natural starting point. Ponzi farming DeFi started to arrive as a concept in 2018, and 2020’s “DeFi summer” saw market entrants — DeGens — piling headfi ...

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