SBF on Twitter: "@CL207 Yeah that's totally fair--there's a lot of ground to be gained in borrow/lending markets; Compound/Aave/etc. are useful!" / Twitter

Jul 19, 2020

1) While these token valuations are debatable, the actual yields are just traders paying the loans. I my self have borrowed a chunk of USDC from dydx last year to long ETH because the APR was simply lower than longing on futures on centralized exchanges.

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SBF

@SBF_FTX

Jul 19, 2020

18) But you can't spend valuation. So really, the money that liquidity farmers make is coming from the people buying the governance tokens. And why are they buying those governance tokens at so much higher a valuation? Because their projects TLV is up.

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