DeFi and the Summer of 2020 -- A Gateway Drug into a New WorldIn the early summer of 2020, I stumbled across someone on Twitter talking about DeFi and yield farming. I went deep down a rabbit hole into yield farming and began experimenting with extremely small amounts of tokens. Impermanent loss, AMM clones, and the rise of pseudonymous projects with high APYs were the rug pulls of 2020. Shitty NFT dev teams had good teachers. Regardless, every week TVL (total value locked) continued to rise,...