RE: DeFi Minting Millionaires
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I'm not a huge fan of the Uniswap-style defi products.
They're simple and fun which is cool. And there's some nice innovations there. But I'm not convinced they're the future of crypto.
Plus the APRs start to look dodgy if the overall market turns.
I think order book DEXes, where your funds remain in your own wallet, are interesting. Although still a bit clunky.
And decentralised funds/indexes (baskets of crypto) and structured products (e.g. crypto exposure investments with guaranteed minimum returns through smart-contract-linked derivatives) should arrive soon. Lots of potential for innovation there.
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Without a doubt, we are in the early stages. It will be fascinating to watch what innovation takes place. We could see things going in many directions, some of which we cannot fathom at the moment.
The future of yield farming is set in my mind, it will be there. As you mentioned, the numbers look dodgy and will likely change. I do not foresee 1000% returns being common.
However, options that offer 20% or even 30% returns seems like especially if they are coupled with innovation comprising of derivatives and other products.
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Nice to see you around.
Will you be hosting 50 word stories again?
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Hey!
No stories for the moment. I'm all buidl for the time being. And trying to make the most of the bull market!
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