The term “DeFi Summer” was coined after the birth and success of governance tokens and “yield farming” in the dog days of 2020. Ethereum as a network found success in hosting decentralized exchanges, lending markets and the occasional “ponzi.” New platforms used liquidity mining, or distribution of their token to users, to acquire capital and create larger and more efficient markets. Unsustainable yields and token distribution were met with increased usage and crazy speculation that grew decentralized finance (DeFi) to a $7 billion-dollar market by September 2020. Aave, Compound, Uniswap and Sushi all quickly ... (full story)