Vitalik Buterin compares DeFi tokenomics to the Fed’s money printer

Cointelegraph

Published Sep 01, 2020 01:05AM ET

Updated Sep 01, 2020 02:40AM ET

Vitalik Buterin, the co-founder of Ethereum (ETH), has again taken to Twitter to warn against naive bullishness in the decentralized finance (DeFi) sector, comparing the economics of yield farming tokens to the Federal Reserve’s money printing.

Yield farming - providing liquidity to earn interest in the form of tokens - has taken the crypto community by storm and sparked the DeFi boom.

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