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.