Well-known Web3 developer Andre Cronje Said he doesn’t believe DeFi’s high returns are “long gone” and that DeFi is far from dead.
Currently, the real yields for ETH, USDT, DAI and USDC are relatively higher than they were in 2020, even in the midst of the market after a brutal year. The real yields offered by DeFi protocols typically come from lending markets and trading fees.
Cronje said he did not believe the period of high yields was the same. “It’s been a long time” because it’s similar to a metaphor. “The current market with its peak unsustainable and full of scams” instead of Progress on the blog.postlatest
Compared to the dotcom bubble The developer said that moment didn’t break the internet in any way.
“Projects born during that time It became the product that we use today.”
He added that DeFi doesn’t need new narratives or “new toys,” with Cronje asserting that DeFi, along with other genres such as social media, gaming, art, news, etc., will continue to exist. And it must be said that he accepts the limitations of the current state and access to the underlying technology.
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