This just seems unsustainable. all these platforms try to lure in TVL with high yields but often times the rewards are paid in the platform’s hyperinflationary token. 200% APY gets eaten into literally nothing as the value of the reward plummets over time.
sure, you’ll tell me to harvest and sell often, but that just accelerates the downfall.
and what happens when all these coins eventually burn out emissions? they fork some new coin and repeat? I dont see how this is safer and more sustainable than just parking money in treasuries or stock market funds.
after a year of messing around on defi, it seems the best thing I’ve done so far is just park money on yieldyak single staking stables for 5-10%. yes, its helluva lot better than fiat bank rates, but its not exactly revolutionary.
chasing 5% in what we all agree is not exactly a totally safe environment isnt going to lead to a hurry up in mass adoption IMO.