DeFi’s Success Modelled on Bitcoin’s Formula by@justin-roberti

DeFi’s Success Modelled on Bitcoin’s Formula

tldt arrow
Read on Terminal Reader
Read this story w/o Javascript

Too Long; Didn't Read

Decentralized Finance (DeFi) has been having a very good year, becoming one of the most compelling innovations in the blockchain space with over $12.27 billion of value locked in the sector. The wild enthusiasm seems to be based on a familiar theme of incentivization — just like Bitcoin, but this time farming, not mining. In function, yield farming resembles the innovative (and famously successful) formula devised for Bitcoin mining which provides long-term incentivization and returns for active members positively supporting the ecosystem. DeFi is still considered an untested, high-risk concept by some crypto investors.

People Mentioned

Mention Thumbnail

Companies Mentioned

Mention Thumbnail
Mention Thumbnail
featured image - DeFi’s Success Modelled on Bitcoin’s Formula
Justin Roberti HackerNoon profile picture

@justin-roberti

Justin Roberti

Writer/producer-gaming, tech, web culture, fintech, crypto, & nerd lore #benzinga #hackernoon #thegrowthmanifestopodcast


Receive Stories from @justin-roberti

react to story with heart
Justin Roberti HackerNoon profile picture
by Justin Roberti @justin-roberti.Writer/producer-gaming, tech, web culture, fintech, crypto, & nerd lore #benzinga #hackernoon #thegrowthmanifestopodcast
I'm open to pitches

RELATED STORIES

L O A D I N G
. . . comments & more!