0x_Cornfields 🦇🔊
309 posts

0x_Cornfields 🦇🔊
@0Cornfields
Just a farmer looking for the next 1000x.











> the yield comes from borrowers, trading fees, etc Right, so this worries me. Because it feels like an ouroboros: the value of crypto tokens is that you can use them to earn yield which is paid for by... people trading crypto tokens. Even if the answer is something clear like eg. people getting 8% APR on USD are paid by people paying 8% APR to leverage ETH at 2x, it still means that the ongoing existence of the defi market is downstream of the existence of the ETH market, which means that while defi may be great it's fundamentally capped and can't be _the_ thing that brings crypto to another 10-100x adoption burst. Hence why I would love to see a story for where the yield is coming from, or could come from, that's rooted in something external. I have heard plausible candidates! eg. that there's fundamental structural reasons why crypto is durably more efficient at doing international currency trade. I would love to hear more though.












This is a Masterclass by Trump



