Earlier quoted context omitted.
Not sure if you are someone who just wants to shit on stuff without ever learning, this is HN so 90% chance that's the case. But on the offchance you are actually curious: Tokens should be viewed like stock. The team behind the token has a pool to fund their network / app. Different products in the decentralised finance space (DeFi) incentive usage by handing out their tokens (stock) to people who provide value to th…
You should take to heart that most people here are not just "shitting on stuff without ever learning", but have seen this story play out many times now. Everything you described about LPs, TVL, and token value; you are just describing the mechanics of the ponzi scheme, not describing the way in which it isn't a ponzi scheme. If you are getting "interest" over 20%, what you are doing is extracting that money (which is…
I’ve been in crypto for 13 years now, I’m sure any day now Bitcoin will hit 0 and you’ll be proven right, and all the yield farms and defi will collapse, sure sure.