DeFi is so much more than just ‘number go up’: It’s a renaissance
DeFi yield is more than just an appealing number — it’s an essential cog in the machinery of most protocols
However, the focus is gradually shifting from chasing astronomical returns to more calculated strategies, creating opportunities for a larger demographic and financial inclusion.
It could do, if more protocols designed better algorithms and show up the crappy yield farms (yes, you, unislops) as being nothing more than HYIPs.
A significant factor in helping weather the storm of 2022 has been the rise of liquid staking derivatives. LSDs saw substantial growth during this period thanks to the promise of the Shapella upgrade — 4.3 million ETH deposited — despite the market sentiment.
Coinbase’s cbETH, with its 2.2 billion TVL, is evidence of this shift. It signals a growing acknowledgment of an inclusive financial future where anyone can participate and reap rewards.
Let's hope so.