1) Yield Farming, Sushi, and Collective Imagination:
The Emperor Has no Clothes
Conversation
i get fees from market making. what i don't quite get is who does the borrowing on dy/dx, aave, compound etc. and what are they using the funds for?
in real economy u take out a loan and buy something with it (house, car, machinery etc.) which produces economic growth.
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borrowers on these defi platforms don't seem to produce economic growth. they seem to borrow and lend again to exploit inefficiencies between lending & borrowing rates or borrow to buy shitcoins so that the borrowing feeds into itself. it's all artificially propped up though.
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yeah it's all pretty weird
1) yeah there's no revenue or fees, just taker/maker offset, quite a cute trick though of them to try to slip that one in :P
2) it's all part of the path to yield farm