Yield Farming Cannot Be The Organic Future of Blockchain

Written by Distributed Governance | Published 2020/06/27
Tech Story Tags: blockchain | ethereum | defi | decentralized-governance | defi-and-traditional-finance | investment | blockchain-top-story | hackernoon-top-story

TLDR Compound has overtaken MakerDAO to become the largest decentralized finance protocol by total value locked. The more people borrow or lend, the more rewards(COMP token) they can “farm” The price of COMP has jumped from $30 to $340 in just a week. By supplying token assets on Compound, the lenders(of some tokens) could earn 20%+ APY (not counting the incentives COMP yet) High APY won’t last long, Defi + upgraded DAO is the true future.via the TL;DR App
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Written by Distributed Governance | Studying DAC/DAO and Collaboration Governance
Published by HackerNoon on 2020/06/27
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