As a sub-industry of crypto, decentralized finance (DeFi) has undeniably become a productive economy, generating billions of dollars in fees and distributing vast wealth to project founders and users. In that arises the chicken or the egg question. Are users using these applications out of genuine want/need or are token incentives and yield artificially boosting demand? There’s probably no clear answer to this because the outsized yield and real adoption are likely a positive feedback loop. This loop, in turn, bolstered the current market where users can earn yield on both sides of lending platforms or earn 50% ... (full story)