APR 20, 2022 • 8 Min Read
[Excerpt from Apr. 19th Yield Insights]
Delta One Farm
[Excerpt from a Delphi Report]
Curve and veToken Economics
An initial liquidity mining program is kicked off and mercenary capital deposits large amounts of money for the sole purpose of farming and dumping rewards.
Initially, this has reflexivity to the upside. As TVL and “hype” surrounding the project increases, it causes the token price to appreciate. This can further increase the yields offered on deposits given yields are paid in the native token, thus continuing the cycle.
Eventually, an inflection point is reached where token incentives begin decreasing, all the while mercenary capital continues to sell their farmed tokens. This selling alongside token emissions dropping off results in reduced yields for liquidity providers.
A reflexive loop to the downside begins to take hold, as liquidity exiting the DEX makes it fundamentally less valuable. Lower liquidity means the DEX can’t support as much trading volume and thus generates fewer fees. This leads to a further depreciation in fundamentals and a decline in the native token price, further lowering yields for LPs.
Intr9o to zkLend
StarkNet is an amazing creation of
on its way to become one of the greatest scaling solutions for Ethereum.
I have been looking recently into the most promising DeFi projects on StarkNet and
Caught my attention, here is why 👇🧵👇
—Omar 🔺👁🔺 187 🧹 (@OmarOnChain) April 20, 2022
Andre is certainly as engaged in crypto as ever.
No doubt the troll comments will flow below.
But something to think about.
—Noela is building on Near (@noela_crypto) April 20, 2022
BreederDAO Introduces Playcore
WHAT IS PLAYCORE? 🧵
Playcore is your Bloomberg for Blockchain Gaming. It is an analytics and content aggregator for anything and everything play-to-earn and play-and-earn with the goal of educating the community with rich media and data.
— Renz $BREED (@Renz_BDAO) April 20, 2022