Frugho
@CFrugho
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writing in @threesigmaxyz / @0xbloquegenesis team
Joined May 2021
The only way to pump eth is the usa doing the crime season with it Even though it’s getting more and more difficult
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Good one. I’m referring to the business model of real yield, where token X farmed with token Y gives you token Z. That’s why your phrase, "I don't understand where you intend to get real yield from other target audiences than crypto investors if you create products for crypto investors," highlights the exact problem I see. When we talk about DeFi, it’s framed as a "new financial market where everyone can participate under the same rules etc. etc." I think that’s spectacular and genuinely believe it’s the future. However, at the end of the day, it’s currently a market of useless tokens that only exist to get other useless tokens. With that in mind, the point of this post is to emphasize the importance of DeFi breaking out of what it currently is and developing real applications for real world use which solves real world problems.
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@bullbusterz Even if the traditional system is a Ponzi, we can't create another one that's even more blatant just to abandon the existing one. That said, if I want something useful for my day to day, I'd still prefer an iPhone over 20 "X" tokens
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