“Liquidity Mining” Bubble Will Eclipse The ICO Craze
DeFi's latest hot topic is a bubble waiting to happen.
Tougher regulation and a healthy dose of investor skepticism has meant that Initial Coin Offerings will never again drive the buying frenzy that was seen in 2017/18. But that doesn’t mean something else won’t take its place.
Decentralized Finance (DeFi) is now a 1 billion dollar market consisting of borrowers, lenders, bridges, derivatives and exchanges. Many of these platforms operate without a token, instead choosing to bootstrap their startups with grants or private funding.