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Feb 11

The real source of DeFi revenue

One of the most notable features of Decentralized Finance (DeFi) is the popularity of the concept of "yield". To attract users, new protocols are advertising ridiculously high numbers every day: 97% APR for these tokens, 69,420% APY for these tokens, etc. Of course, this feature of DeFi is also something that makes newcomers suspicious. How is it possible for a new protocol on a blockchain that you've never heard of to earn 1 billion percent when the typical savings account has an intere...

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