Big Short 2.0: Yield farming on DeFi apps? Here’s the risk no one talks about
After ICOs in 2018, DeFi applications are seemingly positioning themselves to be the next 100x coin baggers in 2020; complete with shiny websites, world-changing promises, and sparking dreams of early-retirement for those who dare.
While the above does not apply to every project, DeFi is now being whispered as the new opportunity in crypto-circles and “yield-farming” — a term that did not exist outside of about a 100 ears last year — is now the cyberpunk’s favorite pandemic pass time after sourdough bread.
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