DeFi Yield Farming: 26,000% Yearly Returns=Not Sustainable
If you’ve been following cryptocurrency lately, you’ve probably heard the terms “DeFi” and “yield farming” being thrown around.Q2 2020 hedge fund letters, conferences and more“DeFi” refers to the sophisticated new cryptocurrency ecosystem that emerged in force this year, consisting of useful, interoperable blockchain applications, rather than the standalone coins that have dominated the cryptocurrency space to date.And “yield farming” refers to a way of utilising (some would say exploiting) these systems for the purpose of very quickly making jaw-dropping, eye-watering, loin-girding amounts of...