Crypto Weekly #6: Is DeFi All Show And No Substance?

The total value locked up in DeFi contracts has exploded from $2.1 million to $6.9 billion (£5.3 billion) Between September 2017 and the time of this writing, the price of the token Yearn Finance (YFI) crossed the $38,000 mark. Major asset management funds are starting to take DeFi seriously as well; the world’s largest crypto investment fund, Grayscale, is managing over $5.2 billion of crypto assets, including $4.4 billion of Bitcoin.