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Vitalik Buterin: DeFi Yield Farmers Go Brrr More Than Central Banks
Summary: The co-founder of Ethereum, Vitalik Buterin, thinks that DeFi yield farming sustains itself in the same way the central bank prints money to save the economy, decrypto reports. Sceptical of the latest craze of yield farming, he thinks that DeFi is unsustainable. “And so far the only strategy toward generating long-term fees that I see ...
The co-founder of Ethereum, Vitalik Buterin, thinks that DeFi yield farming sustains itself in the same way the central bank prints money to save the economy, decrypto reports. Sceptical of the latest craze of yield farming, he thinks that DeFi is unsustainable. “And so far the only strategy toward generating long-term fees that I see is some kind of weird financial attack to grab liquidity and steal network effect from Uniswap. And I'm pessimistic on that strategy,” said Buterin.
Some interpret this as him referencing Sushiswap, a kind of “Uniswap plus yield farming” tool that’s piggybacking off of Uniswap’s market. Buterin suggests that users should steer clear of the yield farming space completely until it settles down into something more sustainable.
Tracy Chen
Tags: DeFi,Vitalik Buterin
Link: Vitalik Buterin: DeFi Yield Farmers Go Brrr More Than Central Banks [Copy]
