Investing in DeFi? Bet on diversification, not short-term gains
Cointelegraph
Published Sep 13, 2020 02:00PM ET
Updated Sep 13, 2020 04:00PM ET
The decentralized finance space has grown exponentially over the last few months, to the point where more than $9 billion worth of crypto assets were locked in its protocols before crypto prices started dropping. The space had a little over $500 million locked in back in September 2019.
This exponential growth in the last few months appears to be mainly related to a yield farming trend that started when lending protocol Compound began distributing its COMP governance token to users who interacted with the protocol.
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Written By: Cointelegraph
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