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Yield Farming Cannot Be The Organic Future of Blockchain

Written by @distributed-governance | Published on 2020/6/27

TL;DR
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.

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Written by
@distributed-governance
Studying DAC/DAO and Collaboration Governance

Topics and
tags
blockchain|ethereum|defi|decentralized-governance|defi-and-traditional-finance|investment|blockchain-top-story|hackernoon-top-story
This story on HackerNoon has a decentralized backup on Sia.
Transaction ID: Y0RGAIQCw9oQuAKNFHcdfis_S_Bgju7jFP9zzEpoEVM