
Ignacio 🇪🇸
737 posts

Ignacio 🇪🇸
@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. There’s 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 isn’t “pretending to use the product.” Fairly, it’s the only form of user acquisition crypto ever figured out that actually works. If teams can’t design around that, that’s not a farmer problem. That’s 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.













