
Ignacio ๐ช๐ธ
737 posts

Ignacio ๐ช๐ธ
@ignadefi
Institutional BD | prev @binance















Bad take. I disagree with this whole "farmers are useless" narrative. Airdrop farming emerged because crypto has no fair discovery system. Thereโs no ads, no App Store, no proper recommendation loop. So farmers became the discovery layer. Yeah, some just chase money but so do early investors, founders and VCs. Haseeb invested in @doublezero which gave 0 airdrop to farmers and still got dumped by VCs on day 1 If anything, airdrops are one of the few ways regular users can compete with insiders. They get rewarded for being early and active, not for being well-connected. So no, farming isnโt โpretending to use the product.โ Fairly, itโs the only form of user acquisition crypto ever figured out that actually works. If teams canโt design around that, thatโs not a farmer problem. Thatโs a fkin product problem.


2/ 3Jane uses Aave in two critical ways: (a) all idle capital is deployed into Aave to generate the RFR (b) implied APR are a function of the V3 USDC market borrow rate + default risk premium applied on top.













